Cost of education increases for all students at American Institute of Beauty in 2022-23 school year

Michael L. Halmon President
Michael L. Halmon President
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Tuition at the American Institute of Beauty rose by 3.2% during the 2022-23 academic year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students paid $9,165 to attend the private for-profit institution this year, an increase of $285 from the $8,880 charged in the 2021-22 academic year.

Approximately 99% of the school’s undergraduate students are residents of Florida.

Data indicates that 78% of full-time undergraduates who enrolled at the American Institute of Beauty in 2022-23 received some form of student financial aid. A total of 87 students were awarded grants or scholarships amounting to $568,085, while 90 students obtained student loans exceeding $611,166.

Across all undergraduate students, 407 received grants or scholarships totaling $2.6 million. Additionally, 424 students borrowed $3 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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the the American Institute 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 87 73% $568,085 $6,530
State / local grant or scholarship 0 0% $0 $0
Institutional grants or scholarships 0 0% $0 $0
Grant or scholarship aid total 87 73% $568,085 $6,530
Federal student loans 90 76% $611,166 $6,791
Other student loans 0 0% $0 $0
Student loan aid 90 76% $611,166 $6,791
Total student aid 93 78% $1.2 million $12,680

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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