Tuition costs remained steady for students attending the Academy of Hair Design-Springfield during the 2022-23 school year, as reported in the latest data release, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $14,750 in tuition for both the 2021-22 and 2022-23 academic years.
Approximately 59% of the school’s undergraduate students are residents of Missouri, while about 41% come from other states.
Data indicates that 44% of full-time undergraduates who began studies at the Academy of Hair Design-Springfield in 2022-23 received some form of student financial aid. In total, 87 students were awarded grants or scholarships amounting to $439,538, and 100 students obtained student loans exceeding $665,365.
Across all undergraduates, 229 students benefited from grants or scholarships totaling $964,345. Additionally, 292 students secured federal student loans totaling $1.9 million.
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 | 82 | 36% | $431,438 | $5,261 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 12 | 5% | $8,100 | $675 |
| Grant or scholarship aid total | 87 | 38% | $439,538 | $5,052 |
| Federal student loans | 100 | 44% | $665,365 | $6,654 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 100 | 44% | $665,365 | $6,654 |
| Total student aid | 101 | 44% | $1.1 million | $10,939 |
