The Salon Professional Academy-Melbourne did not increase tuition fees for the 2022-23 school year, as indicated by the latest data release, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $14,520 in tuition for both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the school consists of residents from Florida.
Data reveals that 67% of full-time undergraduates who began studies at The Salon Professional Academy-Melbourne in 2022-23 received some form of student financial aid. Specifically, 53 students were awarded grants or scholarships totaling $251,090, while 65 students obtained student loans amounting to more than $352,600.
Across all undergraduates, 98 students benefited from grants or scholarships totaling $410,340. Additionally, 132 students secured federal student loans totaling $654,696.
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 | 53 | 51% | $241,090 | $4,549 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 9 | 9% | $10,000 | $1,111 |
| Grant or scholarship aid total | 53 | 51% | $251,090 | $4,738 |
| Federal student loans | 65 | 63% | $352,600 | $5,425 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 65 | 63% | $352,600 | $5,425 |
| Total student aid | 69 | 67% | $603,690 | $8,749 |
