According to the most recent disclosure, New Beginnings Beauty Academy did not change its tuition fees for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $17,000 in tuition for both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the school consists of residents from Arkansas.
Data indicates that every full-time undergraduate who began studies at New Beginnings Beauty Academy in the 2022-23 academic year received some form of student financial aid. A total of 44 students were awarded grants or scholarships amounting to $292,416, while 44 students also secured student loans exceeding $207,830.
Across all undergraduate students, 44 benefited from grants or scholarships totaling $292,416. Additionally, 44 students borrowed $207,830 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 44 | 100% | $292,416 | $6,646 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 44 | 100% | $292,416 | $6,646 |
| Federal student loans | 44 | 100% | $207,830 | $4,723 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 44 | 100% | $207,830 | $4,723 |
| Total student aid | 44 | 100% | $500,246 | $11,369 |
