The International Salon and Spa Academy saw a 17.3% tuition increase for the 2022-23 school year, based on the latest available information, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $18,265 this year, which is $2,700 higher than the $15,565 tuition charged during the 2021-22 academic year.
Approximately 98% of the academy’s undergraduate students are residents of Colorado, while around 2% come from other states.
Data indicates that 65% of full-time undergraduates who began studies at the International Salon and Spa Academy in 2022-23 received some form of student financial aid. Specifically, 27 students were awarded grants or scholarships totaling $155,461, and 27 students obtained student loans exceeding $160,267.
Across all undergraduate students, 290 utilized grants or scholarships amounting to $1.6 million, while 253 students borrowed $1.4 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 the International Salon and Spa Academy 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 | 27 | 53% | $139,361 | $5,162 |
| State / local grant or scholarship | 16 | 31% | $16,100 | $1,006 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 27 | 53% | $155,461 | $5,758 |
| Federal student loans | 27 | 53% | $160,267 | $5,936 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 27 | 53% | $160,267 | $5,936 |
| Total student aid | 33 | 65% | $315,728 | $9,567 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
