Cost increases for all students attending My Le’s Beauty College in 2022-23 school year

The tuition fee at My Le’s Beauty College rose by 1.3% 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 $11,400 this year, which is $150 higher than the $11,250 charged during the 2021-22 academic year.

Approximately 80% of the undergraduate students at the college are residents of Louisiana.

Data indicates that all full-time undergraduates who began their studies at My Le’s Beauty College in 2022-23 received some form of student financial aid. A total of 124 students were awarded grants or scholarships amounting to $445,003.

Across the entire undergraduate student body, 124 individuals benefited from grants or scholarships totaling $445,003.

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 My Le’s Beauty College in the 2022-23 school year.

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.