Tuition at Paul Mitchell the School-Schenectady rose by 6.7% for the 2022-23 academic year, based on the latest available information, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $18,800 this year, an increase of $1,175 from the $17,625 charged during the 2021-22 school year.
The entire undergraduate student body at the school consists of residents of New York.
Data indicates that 88% of full-time undergraduates who began their studies at Paul Mitchell the School-Schenectady in 2022-23 received some form of student financial aid. Specifically, 19 students were awarded grants or scholarships totaling $121,842, while 21 students obtained student loans exceeding $149,874.
Across all undergraduate students, 92 utilized grants or scholarships amounting to $535,439. Additionally, 103 students borrowed $637,722 through 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 Paul Mitchell the School-Schenectady 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 | 19 | 76% | $121,842 | $6,413 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 19 | 76% | $121,842 | $6,413 |
| Federal student loans | 21 | 84% | $149,874 | $7,137 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 21 | 84% | $149,874 | $7,137 |
| Total student aid | 22 | 88% | $271,716 | $12,350 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
