The Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School reported a 7.9% tuition hike for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled in the two-year private for-profit school paid $18,450 this year, marking a $1,350 rise from the $17,100 tuition charged during the 2021-22 academic year.
All undergraduate students enrolled at the school are residents of Michigan.
Data indicates that 94% of full-time undergraduates who began studies at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School in 2022-23 received some form of student financial aid. Specifically, 15 students were awarded grants or scholarships totaling $79,859, while 15 students borrowed over $101,000 in student loans.
Across the entire undergraduate body, 34 students benefited from grants or scholarships amounting to $229,250. Additionally, 35 students obtained federal student loans totaling $354,869.
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 | 15 | 88% | $79,859 | $5,324 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 15 | 88% | $79,859 | $5,324 |
| Federal student loans | 15 | 88% | $101,000 | $6,733 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 15 | 88% | $101,000 | $6,733 |
| Total student aid | 16 | 94% | $180,859 | $11,303 |
