The Salon Professional Academy-Nampa saw a 5.3% rise in tuition fees for the 2022-23 school year, based on the latest financial disclosures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $18,000 this year, which is $1,000 more than the $17,000 tuition charged during the 2021-22 academic year.
Approximately 94% of the undergraduate student body at the school are residents of Idaho, while around 6% come from other states.
Data indicates that 61% of full-time undergraduates who began their studies at The Salon Professional Academy-Nampa in 2022-23 received some form of student financial aid. Specifically, 36 students were awarded grants or scholarships totaling $162,898, and 41 students borrowed more than $231,353 in student loans.
Across all undergraduates, 65 students benefited from grants or scholarships amounting to $297,016. Additionally, 76 students obtained federal student loans totaling $470,913.
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 | 34 | 48% | $154,148 | $4,534 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 5 | 7% | $8,750 | $1,750 |
| Grant or scholarship aid total | 36 | 51% | $162,898 | $4,525 |
| Federal student loans | 41 | 58% | $231,353 | $5,643 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 41 | 58% | $231,353 | $5,643 |
| Total student aid | 43 | 61% | $394,251 | $9,168 |
