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McHenry Times

Saturday, April 27, 2024

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

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Tuition and fees rose 11.1 percent for 2018-19 at the Cosmetology & Spa Academy, according to recent data from the U.S. Department of Education.

Illinois students paid $20,000 to attend the private for-profit school this year – $2,000 more than the $18,000 charged for 2017-18.

Data shows 82 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 105 students received grants or scholarships totaling $496,091 and 137 students took out student loans totaling more than $1 million.

Including all undergraduates (277), 183 students used grants or scholarships totaling $785,757, and 204 students took out $1.5 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~274$15,000$14,000$18,000$20,00033.3%

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 AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants10559%$496,091$4,725
State / local grant or scholarship00%$0-
Institutional grants or scholarships00%$0-
Grant or scholarship aid total10559%$496,091$4,725
Federal student loans13777%$1,026,953$7,496
Other student loans00%$0-
Student loan aid13777%$1,026,953$7,496
Total student aid14682%--

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