For the 2022-23 school year, tuition at the Palomar Institute of Cosmetology decreased by 13.7%, 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 $16,800 this year, which is $2,661 less than the $19,461 charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of California residents.
Data indicates that 48% of full-time undergraduates who began studies at the Palomar Institute of Cosmetology in 2022-23 received some form of financial aid. Specifically, 34 students were awarded grants or scholarships totaling $146,224, while 41 students obtained student loans amounting to over $222,335.
Among all undergraduates, 144 students received grants or scholarships totaling $540,045. Additionally, 140 students borrowed federal student loans totaling $695,478.
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 the Palomar Institute of Cosmetology 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 | 33 | 35% | $135,076 | $4,093 |
| State / local grant or scholarship | 0 | 3% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 34 | 37% | $146,224 | $4,301 |
| Federal student loans | 41 | 44% | $222,335 | $5,423 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 41 | 44% | $222,335 | $5,423 |
| Total student aid | 45 | 48% | $368,559 | $8,190 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
