The Vogue College of Cosmetology-Santa Fe reported a 6.9% tuition hike for the 2022-23 school year, based on 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 $15,500 this year, an increase of $1,000 from the $14,500 tuition charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents of New Mexico.
Data indicates that 87% of full-time undergraduates who began studies at Vogue College of Cosmetology-Santa Fe in 2022-23 received some form of financial aid. Specifically, 33 students were awarded grants or scholarships totaling $190,527, while 43 students secured student loans amounting to more than $446,312.
Among all undergraduates, 61 students benefited from grants or scholarships totaling $324,106. Additionally, 52 students obtained federal student loans totaling $435,639.
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 | 33 | 60% | $182,027 | $5,516 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 2% | $0 | $0 |
| Grant or scholarship aid total | 33 | 60% | $190,527 | $5,774 |
| Federal student loans | 36 | 65% | $331,713 | $9,214 |
| Other student loans | 21 | 38% | $114,599 | $5,457 |
| Student loan aid | 43 | 78% | $446,312 | $10,379 |
| Total student aid | 48 | 87% | $636,839 | $13,267 |
