Cost of education increases for all students at Paul Mitchell the School-Lombard in 2022-23 school year
Tuition at Paul Mitchell the School-Lombard rose by 0.4% for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $19,575 this year, an increase of $75 from the $19,500 tuition charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents of Illinois.
Data indicates that 80% of full-time undergraduates who began their studies at Paul Mitchell the School-Lombard in 2022-23 received some form of student financial aid. Specifically, 11 students were awarded grants or scholarships totaling $49,853, while 14 students borrowed more than $104,749 in student loans.
Across all undergraduate students, 52 received grants or scholarships amounting to $288,956, and 59 students took out federal student loans totaling $467,560.
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 | 10 | 50% | $49,353 | $4,935 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 5% | $0 | $0 |
| Grant or scholarship aid total | 11 | 55% | $49,853 | $4,532 |
| Federal student loans | 14 | 70% | $104,749 | $7,482 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 14 | 70% | $104,749 | $7,482 |
| Total student aid | 16 | 80% | $154,602 | $9,662 |