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McHenry Times

Tuesday, November 5, 2024

Cost of college went up for all students at Cosmetology & Spa Academy

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Tuition and fees rose 28.6 percent for 2017-18 at Cosmetology & Spa Academy, according to the latest disclosure from the U.S. Department of Education.

Illinois students paid $18,000 to attend the private for-profit school this year $4,000 more than the $14,000 charged for 2016-17.

Data shows 86 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 86 students received grants or scholarships totaling $352,804 and 112 students took out student loans totaling more than $836,677.

Including all undergraduates, 161 students used grants or scholarships totaling $637,832. Another 191 took out $1.37 million in federal student loans.

The cost of attending
Enrollment
2014-15
2015-16
2016-17
2017-18
Change in tuition and fees 2014-15 to 2017-18
~168
$14,500
$15,000
$14,000
$18,000
24.1%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Cosmetology & Spa Academy in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
86
63%
$352,804
$4,102
State / local grant or scholarship
0
0%
$0
Institutional grants or scholarships
0
0%
$0
Grant or scholarship aid total
86
63%
$352,804
$4,102
Federal student loans
112
82%
$836,677
$7,470
Other student loans
0
0%
$0
Student loan aid
112
82%
$836,677
$7,470
Total student aid
117
86%

Editor's note: A previous version of this story incorrectly described the cost of attendance, which includes both tuition and fees.

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