The Federico Beauty Institute reported a 22.7% decrease in tuition fees for the 2022-23 school year, based on 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 $14,596 this year, a reduction of $4,289 from the $18,885 tuition charged during the 2021-22 academic year.
Approximately 96% of the undergraduate students at the school are California residents, while around 4% come from other states.
Data indicates that 70% of full-time undergraduates who began studies at the Federico Beauty Institute in 2022-23 received some form of financial aid. A total of 51 students were awarded grants or scholarships amounting to $257,672, and 55 students secured student loans exceeding $317,442.
Across the entire undergraduate population, 244 students benefited from grants or scholarships totaling $1 million. Additionally, 287 students borrowed $1.5 million 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 | 50 | 58% | $251,980 | $5,040 |
| State / local grant or scholarship | 0 | 1% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 51 | 59% | $257,672 | $5,052 |
| Federal student loans | 55 | 64% | $317,442 | $5,772 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 55 | 64% | $317,442 | $5,772 |
| Total student aid | 60 | 70% | $575,114 | $9,585 |
