The Salon Professional Academy-Colorado Springs saw an 11.3% tuition increase for the 2022-23 school year, according to recent disclosures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at this private for-profit institution paid $7,900 in tuition for the current year, which is $800 higher than the $7,100 charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents from Colorado.
Data indicates that every full-time undergraduate who began studies at The Salon Professional Academy-Colorado Springs in 2022-23 received some form of financial aid. Specifically, 33 students were awarded grants or scholarships totaling $151,872, while 33 students obtained student loans exceeding $168,666.
Across all undergraduates, 61 students received grants or scholarships amounting to $310,000. Additionally, 65 students borrowed a total of $363,842 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 The Salon Professional Academy-Colorado Springs 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 | 33 | 89% | $143,972 | $4,363 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 9 | 24% | $7,900 | $878 |
| Grant or scholarship aid total | 33 | 89% | $151,872 | $4,602 |
| Federal student loans | 33 | 89% | $168,666 | $5,111 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 33 | 89% | $168,666 | $5,111 |
| Total student aid | 37 | 100% | $320,538 | $8,663 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
