The Carolina College of Hair Design Inc experienced a 10% tuition hike for the 2022-23 school year, based on recent disclosures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $18,045 this year, which is $1,635 higher than the $16,410 charged in the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents of North Carolina.
Data indicates that 54% of full-time undergraduates who began studies at Carolina College of Hair Design Inc in 2022-23 received some form of financial aid. Specifically, 25 students were awarded grants or scholarships totaling $121,390, while 22 students obtained student loans exceeding $74,480.
Across all undergraduate students, 26 individuals received grants or scholarships amounting to $124,837. Additionally, 23 students secured federal student loans totaling $76,212.
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 | 25 | 45% | $121,390 | $4,856 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 25 | 45% | $121,390 | $4,856 |
| Federal student loans | 22 | 39% | $74,480 | $3,385 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 22 | 39% | $74,480 | $3,385 |
| Total student aid | 30 | 54% | $195,870 | $6,529 |
