For the 2022-23 school year, tuition at Morgantown Beauty College Inc dropped by 2.1%, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit institution paid $19,477 this year, a reduction of $425 from the $19,902 charged in the 2021-22 academic year.
Approximately 76% of the undergraduate students at the school are residents of West Virginia, while around 24% come from other states.
Data indicates that 73% of full-time undergraduates who began their studies at Morgantown Beauty College Inc in 2022-23 received some form of financial aid. Specifically, 22 students were awarded grants or scholarships totaling $90,373, and 27 students obtained student loans exceeding $131,953.
Among all undergraduates, 69 students received grants or scholarships amounting to $277,635. Additionally, 66 students borrowed $374,098 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 Morgantown Beauty College Inc 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 | 22 | 54% | $90,373 | $4,108 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 22 | 54% | $90,373 | $4,108 |
| Federal student loans | 27 | 66% | $131,953 | $4,887 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 27 | 66% | $131,953 | $4,887 |
| Total student aid | 30 | 73% | $222,326 | $7,410 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
