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Pulaski Times

Wednesday, November 20, 2024

Average cost of college went up for students in Pulaski County in 2022-23 school year

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Barbara A. Douglas, Chief Executive Officer | Velvatex College of Beauty Culture

Barbara A. Douglas, Chief Executive Officer | Velvatex College of Beauty Culture

College tuition fees rose 0.5% in Pulaski County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $8,994 on average to attend higher education courses at the time, $47 more than the previous school year.

Among the 14 institutions providing full disclosure in the county, Arkansas Beauty School-Little Rock stood out with the highest tuition fees, reaching an average of $19,455. Paul Mitchell the School-Little Rock followed with an average of $17,070 per year. The University of Arkansas-Pulaski Technical College students were offered the lowest annual tuition fees at $5,820.

At the time, at least $13.7 million in grants or scholarships were awarded to full-time undergraduates who started at the Pulaski County universities in the 2022-23 school year. Additionally, federal student loans reached more than $5.7 million.

Currently there are 15 higher education institutions in Pulaski County, including Arthur's Beauty College, Washington Barber College Inc, and Baptist Health College Little Rock.

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.

Of the 15 institutions in Pulaski County, University of Arkansas for Medical Sciences did not provide detailed data on tuition fees.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in Pulaski County Universities in 2022-23 School Year

InstitutionNumber of Students Receiving GrantsTotal Amount of Grants ReceivedAverage Amount of Grant Per StudentNumber of Students Receiving LoansTotal Amount of Loans ReceivedAverage Amount of Loans Per Student
Paul Mitchell the School-Little Rock41$261,094$6,36845$356,531$7,923
Velvatex College of Beauty Culture8$48,632$6,0798$56,494$7,062
GoodFellas Barber College22$102,499$4,65918$135,640$7,536
Baptist Health College Little Rock0$0$00$0$0
Washington Barber College Inc59$274,731$4,65659$285,148$4,833
Philander Smith University193$2,275,138$11,788116$721,601$6,221
Arkansas Welding Academy70$356,949$5,09976$866,515$11,402
University of Arkansas-Pulaski Technical College504$3,020,012$5,992206$786,934$3,820
Arkansas Beauty School-Little Rock18$99,494$5,52718$115,496$6,416
Arkansas Baptist College134$1,578,993$11,78476$437,104$5,751
University of Arkansas for Medical Sciences------------
Shorter College112$648,710$5,79285$763,045$8,977
University of Arkansas at Little Rock500$4,984,121$9,968202$1,080,369$5,348
Strayer University-Arkansas------------
Arthur's Beauty College9$55,508$6,1688$59,811$7,476

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