For the 2022-23 school year, tuition at the IBS School of Cosmetology and Massage remained steady, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit institution paid $7,937 this year, which is $1,079 higher than the $6,858 charged during the 2021-22 academic year.
Approximately 90% of the school’s undergraduate students are residents of Hawaii, while about 5% come from other states.
Data indicates that 27% of full-time undergraduates who began studies at IBS School of Cosmetology and Massage in 2022-23 received some form of student financial aid. Specifically, 13 students were awarded grants or scholarships totaling $60,377, and eight students secured student loans exceeding $38,717.
When considering all undergraduate students, 15 received grants or scholarships amounting to $89,915. Additionally, 11 students borrowed $67,591 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.
The following data includes only full-time students who began an undergraduate program at the IBS School of Cosmetology and Massage 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 | 13 | 20% | $60,377 | $4,644 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 13 | 20% | $60,377 | $4,644 |
| Federal student loans | 8 | 13% | $38,717 | $4,840 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 8 | 13% | $38,717 | $4,840 |
| Total student aid | 17 | 27% | $99,094 | $5,829 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
