For the 2022-23 school year, tuition at Medspa Academies rose by 0.3%, 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 $16,100 this year, which is $50 higher than the $16,050 tuition charged during the 2021-22 academic year.
Approximately 80% of the undergraduate students at the school are residents of Utah, while about 20% come from other states.
Data indicates that 57% of full-time undergraduates who began studies at Medspa Academies in 2022-23 received some form of financial aid. In total, 66 students were awarded grants or scholarships amounting to $350,772, and 89 students secured student loans exceeding $666,417.
Across the entire undergraduate population, 115 students received grants or scholarships totaling $531,685. Additionally, 191 students took out federal student loans amounting to $1.2 million.
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 Medspa Academies 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 | 66 | 36% | $350,772 | $5,315 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 66 | 36% | $350,772 | $5,315 |
| Federal student loans | 89 | 49% | $666,417 | $7,488 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 89 | 49% | $666,417 | $7,488 |
| Total student aid | 104 | 57% | $1 million | $9,780 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
