The Studio Academy of Beauty did not raise tuition fees for the 2022-23 school year, as detailed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $18,155 in tuition for both the 2021-22 and 2022-23 academic years.
All undergraduate students at the school are residents of Arizona.
Data indicates that 86% of full-time undergraduates who began studies at Studio Academy of Beauty in 2022-23 received some form of student financial aid. A total of 615 students were awarded grants or scholarships amounting to $3.2 million, while 619 students borrowed over $5.3 million in student loans.
Across the entire undergraduate population, 944 students received grants or scholarships totaling $4.9 million. Additionally, 958 students obtained $5.6 million in federal student loans.
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 Studio Academy of Beauty 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 | 603 | 74% | $3.1 million | $5,106 |
| State / local grant or scholarship | 16 | 2% | $122,668 | $7,667 |
| Institutional grants or scholarships | 18 | 2% | $18,000 | $1,000 |
| Grant or scholarship aid total | 615 | 75% | $3.2 million | $5,235 |
| Federal student loans | 619 | 76% | $3.7 million | $5,911 |
| Other student loans | 397 | 48% | $1.7 million | $4,249 |
| Student loan aid | 619 | 76% | $5.3 million | $8,636 |
| Total student aid | 704 | 86% | $8.6 million | $12,166 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
