Tuition fees at Hot Springs Beauty College rose by 5% for the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $15,750 this year, an increase of $750 from the $15,000 tuition charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of Arkansas residents.
Data indicates that 90% of full-time undergraduates who began studies at Hot Springs Beauty College in 2022-23 received some form of student financial aid. Specifically, 18 students were awarded grants or scholarships totaling $151,305, while 12 students obtained student loans amounting to more than $83,817.
Among all undergraduate students, 84 received grants or scholarships totaling $669,787. Additionally, 72 students secured federal student loans totaling $617,122.
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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 18 | 90% | $151,305 | $8,406 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 18 | 90% | $151,305 | $8,406 |
| Federal student loans | 12 | 60% | $83,817 | $6,985 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 12 | 60% | $83,817 | $6,985 |
| Total student aid | 18 | 90% | $235,122 | $13,062 |
