Each school shall:
(1) Possess sufficient apparatus and equipment necessary for the ready and full teaching of all the subjects or practices of cosmetology;
(2) Maintain licensed instructors competent to impart instruction in all branches or practices of cosmetology;
(3) Keep a daily record of the attendance of each student and the time devoted by each student to the various practices or branches of cosmetology and electrology;
(4) Establish grades and hold examinations before issuing diplomas; and
(5) Fix its tuition at an amount that will enable it to furnish without further charge to the student all cosmetics, materials, and supplies used on the public and in classes. This does not include books and instruments as shall be determined from time to time by the Department of Health.