The Omega Institute of Cosmetology saw a 7.3% tuition hike for the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students paid $16,500 to attend the private for-profit institution this year, an increase of $1,220 from the $15,280 tuition charged in the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents from Louisiana.
Data indicates that 87% of full-time undergraduates who enrolled at the Omega Institute of Cosmetology in 2022-23 received some form of student financial aid. Specifically, 25 students were awarded grants or scholarships totaling $153,566, while 26 students obtained student loans amounting to over $184,575.
Across all undergraduates, 47 students benefited from grants or scholarships totaling $244,065. Additionally, 48 students secured federal student loans totaling $300,571.
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 | 17 | 55% | $117,333 | $6,902 |
| State / local grant or scholarship | 15 | 48% | $36,233 | $2,416 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 25 | 81% | $153,566 | $6,143 |
| Federal student loans | 26 | 84% | $184,575 | $7,099 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 26 | 84% | $184,575 | $7,099 |
| Total student aid | 27 | 87% | $338,141 | $12,523 |
