The Durant Institute of Hair Design experienced a 40% 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 $14,000 this year, up $4,000 from the $10,000 tuition charged during the 2021-22 academic year.
All undergraduate students at the school are residents of Oklahoma.
Data reveals that 76% of full-time undergraduates who began their studies at the Durant Institute of Hair Design in 2022-23 received some form of financial aid. Specifically, 18 students were awarded grants or scholarships totaling $120,825, while 19 students borrowed over $171,215 in student loans.
Across the entire undergraduate body, 43 students benefited from grants or scholarships amounting to $281,470. Additionally, 47 students obtained federal student loans totaling $457,765.
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 | 18 | 62% | $120,825 | $6,713 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 18 | 62% | $120,825 | $6,713 |
| Federal student loans | 19 | 66% | $171,215 | $9,011 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 19 | 66% | $171,215 | $9,011 |
| Total student aid | 22 | 76% | $292,040 | $13,274 |
