Cost of education increases for all students at Empire Beauty School-Hanover in 2022-23 school year

Kevin Beaver, MBA, Division Vice President - LinkedIn
Kevin Beaver, MBA, Division Vice President - LinkedIn
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The tuition at Empire Beauty School-Hanover rose by 2.9% for the 2022-23 academic year, as reported 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 $17,500 this year, an increase of $500 from the $17,000 charged during the 2021-22 academic year.

Approximately 96% of the undergraduate students at the school are residents of Pennsylvania, while about 4% come from other states.

Data indicates that 74% of full-time undergraduates who began studies at Empire Beauty School-Hanover in 2022-23 received some form of student financial aid. Specifically, 21 students were awarded grants or scholarships totaling $98,127, and 23 students took out student loans exceeding $156,750.

Among all undergraduates, 36 students received grants or scholarships amounting to $167,400. Additionally, 41 students borrowed a total of $296,250 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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Empire Beauty School-Hanover 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 18 47% $92,927 $5,163
State / local grant or scholarship 0 0% $0 $0
Institutional grants or scholarships 6 16% $5,200 $867
Grant or scholarship aid total 21 55% $98,127 $4,673
Federal student loans 23 61% $156,750 $6,815
Other student loans 0 0% $0 $0
Student loan aid 23 61% $156,750 $6,815
Total student aid 28 74% $254,877 $9,102

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



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