The tuition for programs at Salon Success Academy-West Covina dropped by 16% during the 2022-23 school year, based on the latest information released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $16,800 this year, which is $3,200 less than the $20,000 charged in the 2021-22 academic year.
All undergraduate students at the school are residents of California.
Data indicates that 64% of full-time undergraduates who began studies at Salon Success Academy-West Covina in 2022-23 received some form of financial aid. Specifically, 19 students were awarded grants or scholarships totaling $81,961, while 20 students obtained student loans exceeding $129,929.
Across the entire undergraduate body, 76 students received grants or scholarships amounting to $336,391. Additionally, 80 students borrowed $479,617 in federal student loans.
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 Salon Success Academy-West Covina 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 | 19 | 53% | $81,961 | $4,314 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 19 | 53% | $81,961 | $4,314 |
| Federal student loans | 20 | 56% | $129,929 | $6,496 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 20 | 56% | $129,929 | $6,496 |
| Total student aid | 23 | 64% | $211,890 | $9,212 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
