Tuition fees at Ray J’s College of Hair rose by 4.3% for the 2022-23 school year, based on the most recent figures released, according to the latest disclosure from the National Center for Education Statistics.
Students paid $17,400 to attend the private, for-profit institution this year, which is $190 less than the $17,590 charged in the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents from Louisiana.
Data indicates that all full-time undergraduates who enrolled at Ray J’s College of Hair in 2022-23 received some form of student financial aid. Specifically, 11 students were awarded grants or scholarships totaling $37,821, while 11 students obtained student loans exceeding $41,984.
Among all undergraduates, 42 students benefited from grants or scholarships amounting to $218,847. Additionally, 46 students borrowed a total of $293,801 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 11 | 100% | $37,821 | $3,438 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 11 | 100% | $37,821 | $3,438 |
| Federal student loans | 11 | 100% | $41,984 | $3,817 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 11 | 100% | $41,984 | $3,817 |
| Total student aid | 11 | 100% | $79,805 | $7,255 |
