Scholarships, Grants, and Loan Trends at Elite Academy of Hair Design

Over the past 6 years (2017-2022), the average number of students who received grants aid/scholarships is 37, which is 55.40 % of all undergraduate students. 39 students which is 56.20% of undergraduate students received federal student loans and the average loan amount is $3,922.
For full-time, first-time beginning students (freshmen), 49.40% of students received grants or scholarships and 63% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Elite Academy of Hair Design since 2017.
For that period, the average number of students who received grants aid/scholarships is 37, which is 55.40 % of all undergraduate students. 39 students which is 56.20% of undergraduate students received federal student loans and the average loan amount is $3,922.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2017-182 (7%)$2,2482 (7%)$2,2481 (3%)$1,485
2018-1924 (51%)$5,35423 (49%)$5,50026 (55%)$3,212
2019-2045 (78%)$6,31427 (47%)$4,52136 (62%)$4,502
2020-2162 (77%)$6,05736 (44%)$3,93655 (68%)$4,251
2021-2254 (64%)$3,79354 (64%)$3,79379 (93%)$6,162
Average37 (55.40%)$4,75328 (42.20%)$4,00039 (56.20%)$3,922

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 6 years, on average, 12 (49.40 % of students) received grants or scholarships and its average amount is $3,912. It can cover 23.01% of tuition & fees ($17,000).
In addition, 16 (62.50 % of students) students get helped from the students loans (average amount : $4,426).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2017-182 (20%)$2,248--
2018-1912 (60%)$5,47111 (55%)$4,217
2019-2011 (50%)$4,24812 (55%)$4,666
2020-2113 (48%)$3,82714 (52%)$4,686
2021-2222 (69%)$3,76828 (88%)$4,134
Average12 (49.40%)$3,91216 (62.50%)$4,426
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 6 years, on average, 12 (48.40 % of students) received Pell (federal) grants and its average amount is $3,975.
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2017-182 (20%)$2,248------
2018-1911 (55%)$5,786----2 (10%)$1,000
2019-2011 (50%)$4,248------
2020-2113 (48%)$3,827------
2021-2222 (69%)$3,768------
Average12 (48.40%)$3,975----2 (10.00%)$1,000
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 6 years, on average, 16 (62.50 % of students) get any students loan help and its average loan amount is $16.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2017-18------
2018-1911 (55%)$4,21711 (55%)$4,217--
2019-2012 (55%)$4,66612 (55%)$4,666--
2020-2114 (52%)$4,68614 (52%)$4,686--
2021-2228 (88%)$4,13428 (88%)$4,134--
Average16 (62.50%)$4,42616 (62.50%)$4,426--
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