According to recent disclosures, tuition at The Salon Professional Academy-Tonawanda rose by 10.9% for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students paid $10,134 to attend the private for-profit institution this year, which is $996 higher than the $9,138 charged for the 2021-22 academic year.
Approximately 89% of the school’s undergraduate students are residents of New York, while about 5% come from other states.
Data indicates that 70% of full-time undergraduates who enrolled at The Salon Professional Academy-Tonawanda in 2022-23 received some form of student financial aid. Specifically, 38 students were awarded grants or scholarships totaling $189,781, and 35 students took out student loans exceeding $194,899.
Across the entire undergraduate population, 104 students received grants or scholarships amounting to $424,472. Additionally, 124 students borrowed a total of $560,140 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 Salon Professional Academy-Tonawanda 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 | 37 | 59% | $178,708 | $4,830 |
| State / local grant or scholarship | 0 | 2% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 38 | 60% | $189,781 | $4,994 |
| Federal student loans | 35 | 56% | $194,899 | $5,569 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 35 | 56% | $194,899 | $5,569 |
| Total student aid | 44 | 70% | $384,680 | $8,742 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
