The Alexander Paul Institute of Hair Design saw a 6.9% rise in tuition fees for the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $15,405 this year, which is $990 higher than the $14,415 charged during the 2021-22 academic year.
Approximately 92% of the undergraduate student body at the school are residents of North Carolina.
Data indicates that 93% of full-time undergraduates who began their studies at the Alexander Paul Institute of Hair Design in 2022-23 received some form of financial aid. Specifically, eight students were awarded grants or scholarships totaling $58,351, while 13 students secured student loans exceeding $99,000.
Among all undergraduates, 39 students benefited from grants or scholarships amounting to $239,618. Additionally, 48 students obtained federal student loans totaling $333,231.
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 | 8 | 57% | $58,351 | $7,294 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 8 | 57% | $58,351 | $7,294 |
| Federal student loans | 13 | 93% | $99,000 | $7,615 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 13 | 93% | $99,000 | $7,615 |
| Total student aid | 13 | 93% | $157,351 | $12,103 |
