According to recent disclosures, tuition at Cheeks Beauty Academy did not change for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at this private for-profit institution paid $16,200 in tuition during both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the school consists of residents from Colorado.
Data indicates that 78% of full-time undergraduates who began studies at Cheeks Beauty Academy in the 2022-23 school year received some form of student financial aid. Specifically, 28 students were awarded grants or scholarships totaling $144,725, while 23 students obtained student loans amounting to more than $143,175.
When considering all undergraduates, 34 students received grants or scholarships totaling $189,000. Additionally, 31 students borrowed $206,000 in federal student loans.
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 the Cheeks Beauty Academy 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 | 26 | 72% | $132,225 | $5,086 |
| State / local grant or scholarship | 0 | 6% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 28 | 78% | $144,725 | $5,169 |
| Federal student loans | 23 | 64% | $143,175 | $6,225 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 23 | 64% | $143,175 | $6,225 |
| Total student aid | 28 | 78% | $287,900 | $10,282 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
