The Salon Professional Academy did not increase tuition fees for the 2022-23 school year, according to the latest available data, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $15,990 in tuition for both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the school consists of residents of Arkansas.
Nearly half (49%) of full-time undergraduates who began studies at The Salon Professional Academy in 2022-23 received some form of financial aid. Forty students were awarded grants or scholarships totaling $197,484, while 46 students borrowed over $281,378 in student loans.
Across all undergraduate students, 61 received grants or scholarships amounting to $343,194. Additionally, 71 students secured federal student loans totaling $439,347.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the The Salon Professional Academy in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 40 | 36% | $197,484 | $4,937 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 40 | 36% | $197,484 | $4,937 |
| Federal student loans | 46 | 41% | $281,378 | $6,117 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 46 | 41% | $281,378 | $6,117 |
| Total student aid | 54 | 49% | $478,862 | $8,867 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
