The Aveda Arts & Sciences Institute-Covington raised its tuition by 2.7% for the 2022-23 school year, as revealed in 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 $19,000 this year, which is $500 higher than the $18,500 tuition charged during the 2021-22 academic year.
Approximately 23% of the undergraduate student body at the school are residents of Louisiana, while about 62% come from other states.
Records indicate that 97% of full-time undergraduates who began their studies at the Aveda Arts & Sciences Institute-Covington in 2022-23 received some form of financial aid. In total, 340 students were awarded grants or scholarships amounting to $1.9 million, and 512 students borrowed over $5.2 million in student loans.
Across the entire undergraduate population, 2,111 students benefited from grants or scholarships totaling $11.1 million. Additionally, 2,196 students obtained federal student loans exceeding $16.1 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 the Aveda Arts & Sciences Institute-Covington 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 | 328 | 60% | $1.8 million | $5,406 |
| State / local grant or scholarship | 18 | 3% | $46,493 | $2,583 |
| Institutional grants or scholarships | 10 | 2% | $44,715 | $4,472 |
| Grant or scholarship aid total | 340 | 63% | $1.9 million | $5,483 |
| Federal student loans | 376 | 69% | $2.3 million | $6,218 |
| Other student loans | 347 | 64% | $2.8 million | $8,133 |
| Student loan aid | 512 | 94% | $5.2 million | $10,078 |
| Total student aid | 524 | 97% | $7 million | $13,405 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
