The tuition at Paul Mitchell the School-Charlotte rose by 9.8% for the 2022-23 school year, based on the latest available figures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled this year paid $19,350, which is $1,725 higher than the $17,625 charged during the 2021-22 academic year at the private for-profit institution.
Approximately 86% of the undergraduate students at the school are residents of North Carolina, while around 14% come from other states.
Data indicates that 85% of full-time undergraduates who began studies at Paul Mitchell the School-Charlotte in 2022-23 received some form of financial aid. Specifically, 15 students were awarded grants or scholarships totaling $110,080, and another 15 students took out student loans amounting to more than $141,365.
Across the entire undergraduate population, 51 students received grants or scholarships totaling $333,007. Additionally, 42 students borrowed federal student loans totaling $371,318.
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 | 15 | 75% | $109,580 | $7,305 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 5% | $0 | $0 |
| Grant or scholarship aid total | 15 | 75% | $110,080 | $7,339 |
| Federal student loans | 15 | 75% | $141,365 | $9,424 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 15 | 75% | $141,365 | $9,424 |
| Total student aid | 17 | 85% | $251,445 | $14,790 |
