The Charleston Cosmetology Institute saw an 11.4% tuition hike for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $19,500 this year, marking a $2,000 rise from the $17,500 tuition charged in the 2021-22 academic year.
The school’s entire undergraduate student body consists of residents from South Carolina.
Data indicates that all full-time undergraduates who began studies at the Charleston Cosmetology Institute in 2022-23 received some form of student financial aid. Specifically, 53 students were awarded grants or scholarships totaling $120,543, while 30 students obtained student loans amounting to more than $79,845.
Across the undergraduate population, 64 students benefited from grants or scholarships totaling $316,071. Additionally, 72 students secured federal student loans totaling $335,043.
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 the Charleston Cosmetology Institute 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 | 53 | 66% | $120,543 | $2,274 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 53 | 66% | $120,543 | $2,274 |
| Federal student loans | 30 | 38% | $79,845 | $2,662 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 30 | 38% | $79,845 | $2,662 |
| Total student aid | 80 | 100% | $200,388 | $2,504 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.