Cost of education increases for all students at Universal Spa Training Academy in 2022-23 school year
The Universal Spa Training Academy saw a 3.8% rise in tuition fees for the 2022-23 school year, based on the most recent data released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $16,500 this year, which is $50 less than the $16,550 charged during the 2021-22 academic year.
All undergraduate students attending the school are residents of Illinois.
Data indicates that 77% of full-time undergraduates who began studies at the Universal Spa Training Academy in 2022-23 received some form of student financial aid. Specifically, 53 students were awarded grants or scholarships totaling $177,144, while 59 students borrowed more than $462,015 in student loans.
Across the entire undergraduate body, 126 students benefited from grants or scholarships amounting to $403,574. Additionally, 136 students secured federal student loans totaling $969,227.
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 | 53 | 68% | $177,144 | $3,342 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 53 | 68% | $177,144 | $3,342 |
| Federal student loans | 59 | 76% | $462,015 | $7,831 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 59 | 76% | $462,015 | $7,831 |
| Total student aid | 60 | 77% | $639,159 | $10,652 |