According to the most recent disclosure, tuition at the Elite College of Cosmetology did not increase for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $16,875 in tuition for both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the school consists of residents from Tennessee.
Data indicates that every full-time undergraduate who began studies at Elite College of Cosmetology in 2022-23 received some form of student financial aid. Specifically, 21 students were awarded grants or scholarships totaling $54,551, while 24 students borrowed over $36,391 in student loans.
Across all undergraduates, 80 students benefited from grants or scholarships amounting to $231,478. Additionally, 83 students secured federal student loans totaling $214,238.
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 Elite College of Cosmetology 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 | 21 | 84% | $54,551 | $2,598 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 21 | 84% | $54,551 | $2,598 |
| Federal student loans | 24 | 96% | $36,391 | $1,516 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 24 | 96% | $36,391 | $1,516 |
| Total student aid | 25 | 100% | $90,942 | $3,637 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
