The Sierra Academy of Style did not increase tuition fees for the 2022-23 school year, as revealed in the latest disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled in the private, for-profit institution paid $19,700 for tuition in both the 2021-22 and 2022-23 academic years.
Approximately 93% of the undergraduate students at the school are residents of Nevada, while around 3% come from other states.
Data indicates that 82% of full-time undergraduates who began their studies at Sierra Academy of Style in 2022-23 received some form of student financial aid. A total of 51 students were awarded grants or scholarships amounting to $221,840, and 73 students borrowed more than $432,665 in student loans.
Across all undergraduate students, 78 utilized grants or scholarships totaling $365,032, while 99 students secured federal student loans exceeding $642,020.
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 | 51 | 55% | $221,840 | $4,350 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 51 | 55% | $221,840 | $4,350 |
| Federal student loans | 73 | 79% | $432,665 | $5,927 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 73 | 79% | $432,665 | $5,927 |
| Total student aid | 75 | 82% | $654,505 | $8,726 |
