The Academy of Hair Design-Grenada saw a 26.8% rise in tuition fees for the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $18,000 this year, an increase of $3,800 compared to the $14,200 tuition charged during the 2021-22 academic year.
All undergraduate students at the school are residents of Mississippi.
Data indicates that 82% of full-time undergraduates who began studies at the Academy of Hair Design-Grenada in 2022-23 received some form of student financial aid. Specifically, eight students were awarded grants or scholarships totaling $41,144, while nine students obtained student loans exceeding $67,000.
Across the entire undergraduate population, 37 students benefited from grants or scholarships amounting to $184,243. Additionally, 31 students borrowed a combined total of $219,971 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 Academy of Hair Design-Grenada 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 | 8 | 73% | $41,144 | $5,143 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 8 | 73% | $41,144 | $5,143 |
| Federal student loans | 9 | 82% | $67,000 | $7,444 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 9 | 82% | $67,000 | $7,444 |
| Total student aid | 9 | 82% | $108,144 | $12,016 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
