The Tennessee School of Beauty of Knoxville Inc reported a 6.7% tuition hike for the 2022-23 school year, as indicated by recent disclosures, according to the latest disclosure from the National Center for Education Statistics.
For the current academic year, students paid $15,995 to attend the private for-profit institution, which is $1,000 higher than the $14,995 charged during the 2021-22 school year.
Approximately 98% of the undergraduate students at the school are residents of Tennessee, while around 2% come from other states.
Data reveals that 54% of full-time undergraduates who enrolled at the Tennessee School of Beauty of Knoxville Inc in 2022-23 received some form of student financial aid. In total, 101 students were awarded grants or scholarships amounting to $638,592, and 121 students obtained student loans exceeding $756,818.
Across the entire undergraduate body, 132 students received grants or scholarships totaling $859,491. Additionally, 141 students borrowed $858,993 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 | 101 | 37% | $638,592 | $6,323 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 101 | 37% | $638,592 | $6,323 |
| Federal student loans | 121 | 44% | $756,818 | $6,255 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 121 | 44% | $756,818 | $6,255 |
| Total student aid | 148 | 54% | $1.4 million | $9,428 |
