For the 2022-23 school year, tuition at the Academy of Hair Design-Lufkin rose by 1.6%, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students paid $12,700 to attend the private, for-profit institution during both the 2021-22 and 2022-23 academic years.
Approximately 99% of the undergraduate student body at the school are residents of Texas.
Records indicate that all full-time undergraduates who enrolled at the Academy of Hair Design-Lufkin in 2022-23 received some form of student financial aid. Specifically, 63 students were awarded grants or scholarships amounting to $377,794, while 45 students secured student loans totaling over $263,100.
When considering all undergraduates, 75 students benefited from grants or scholarships totaling $430,650. Additionally, 55 students obtained federal student loans amounting to $396,605.
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-Lufkin 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 | 63 | 100% | $369,494 | $5,865 |
| State / local grant or scholarship | 0 | 2% | $0 | $0 |
| Institutional grants or scholarships | 0 | 2% | $0 | $0 |
| Grant or scholarship aid total | 63 | 100% | $377,794 | $5,997 |
| Federal student loans | 45 | 71% | $259,875 | $5,775 |
| Other student loans | 0 | 2% | $0 | $0 |
| Student loan aid | 45 | 71% | $263,100 | $5,847 |
| Total student aid | 63 | 100% | $640,894 | $10,172 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
