The Montgomery Beauty School reported a 4.1% tuition increase for the 2022-23 school year, based on the latest available data, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $24,000 this year, which is $950 higher than the $23,050 tuition charged during the 2021-22 academic year.
Approximately 81% of the undergraduate students at the school are residents of Maryland, while the remaining 19% come from other states.
Data indicates that all full-time undergraduates who began their studies at Montgomery Beauty School in 2022-23 received some form of student financial aid. Among them, 26 students were awarded grants or scholarships totaling $70,780, and 31 students obtained student loans exceeding $105,323.
Across the entire undergraduate population, 62 students benefited from grants or scholarships amounting to $140,882. Additionally, 70 students secured federal student loans totaling $201,774.
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 Montgomery Beauty School 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 | 26 | 74% | $67,780 | $2,607 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 6 | 17% | $3,000 | $500 |
| Grant or scholarship aid total | 26 | 74% | $70,780 | $2,722 |
| Federal student loans | 31 | 89% | $105,323 | $3,398 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 31 | 89% | $105,323 | $3,398 |
| Total student aid | 35 | 100% | $176,103 | $5,031 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
