Cost for all students at Salem College of Hairstyling increased during 2022-23 school year

Mandy K. Cohen, CDC Director
Mandy K. Cohen, CDC Director
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Tuition at Salem College of Hairstyling rose by 15.2% 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 $12,100 this year, an increase of $1,600 from the $10,500 charged during the 2021-22 academic year.

The entire undergraduate student body at the school consists of Missouri residents.

Data indicates that 83% of full-time undergraduates who began their studies at Salem College of Hairstyling in 2022-23 received some form of financial aid. A total of 10 students were awarded grants or scholarships amounting to $61,043.

Across the entire undergraduate population, 32 students benefited from grants or scholarships totaling $183,147.

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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Salem College of Hairstyling 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 10 83% $61,043 $6,104
State / local grant or scholarship 0 0% $0 $0
Institutional grants or scholarships 0 0% $0 $0
Grant or scholarship aid total 10 83% $61,043 $6,104
Federal student loans 0 0% $0 $0
Other student loans 0 0% $0 $0
Student loan aid 0 0% $0 $0
Total student aid 10 83% $61,043 $6,104

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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