Over the past 8 years (2017-2023), the average number of students who received grants aid/scholarships is 104, which is 55.00 % of all undergraduate students. 76 students which is 40.86% of undergraduate students received federal student loans and the average loan amount is $5,110.
For full-time, first-time beginning students (freshmen), 58.57% of students received grants or scholarships and 48% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at Elite Cosmetology, Barber & Spa Academy since 2016.
For that period, the average number of students who received grants aid/scholarships is 104, which is 55.00 % of all undergraduate students. 76 students which is 40.86% of undergraduate students received federal student loans and the average loan amount is $5,110.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2016-17 | 58 (35%) | $4,822 | 42 (26%) | $3,275 | 37 (23%) | $5,235 |
| 2017-18 | 93 (48%) | $4,069 | 88 (45%) | $3,907 | 81 (42%) | $5,324 |
| 2018-19 | 94 (49%) | $3,504 | 91 (47%) | $3,418 | 75 (39%) | $5,285 |
| 2019-20 | 112 (65%) | $3,451 | 89 (52%) | $3,304 | 72 (42%) | $4,715 |
| 2020-21 | 173 (72%) | $3,366 | 125 (52%) | $3,216 | 94 (39%) | $4,737 |
| 2021-22 | 97 (48%) | $3,197 | 95 (47%) | $2,959 | 79 (39%) | $4,152 |
| 2022-23 | 104 (68%) | $4,776 | 103 (67%) | $4,751 | 95 (62%) | $6,325 |
| Average | 104 (55.00%) | $3,884 | 90 (48.00%) | $3,547 | 76 (40.86%) | $5,110 |
For the last 8 years, on average, 71 (58.57 % of students) received grants or scholarships and its average amount is $4,001. It can cover 33.06% of tuition & fees ($12,100).
In addition, 57 (48.43 % of students) students get helped from the students loans (average amount : $5,214).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2016-17 | 49 (40%) | $4,487 | 34 (28%) | $5,105 |
| 2017-18 | 70 (56%) | $4,208 | 88 (70%) | $4,898 |
| 2018-19 | 63 (48%) | $3,836 | 49 (37%) | $5,244 |
| 2019-20 | 70 (64%) | $3,782 | 48 (44%) | $4,607 |
| 2020-21 | 111 (71%) | $3,328 | 66 (42%) | $4,659 |
| 2021-22 | 71 (50%) | $3,249 | 56 (40%) | $4,094 |
| 2022-23 | 62 (81%) | $5,115 | 60 (78%) | $7,889 |
| Average | 71 (58.57%) | $4,001 | 57 (48.43%) | $5,214 |
The following table shows the trends of grants or scholarships over time. For the last 8 years, on average, 64 (53.43 % of students) received Pell (federal) grants and its average amount is $3,621.
In addition, 5 students received State/local government grants/scholarships (4.00 % of students).
| Year | Federal (Pell) Grants | Other Federal | State/Local government | Institutional | ||||
|---|---|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2016-17 | 37 (31%) | $3,231 | - | - | 12 (10%) | $8,359 | - | - |
| 2017-18 | 69 (55%) | $4,071 | - | - | 1 (1%) | $13,621 | - | - |
| 2018-19 | 61 (47%) | $3,703 | - | - | 2 (2%) | $7,880 | - | - |
| 2019-20 | 59 (54%) | $3,349 | 47 (43%) | $1,250 | 2 (2%) | $4,185 | - | - |
| 2020-21 | 87 (56%) | $2,975 | 87 (56%) | $904 | 8 (5%) | $3,993 | - | - |
| 2021-22 | 71 (50%) | $2,930 | - | - | 7 (5%) | $3,239 | - | - |
| 2022-23 | 62 (81%) | $5,085 | - | - | 2 (3%) | $934 | - | - |
| Average | 64 (53.43%) | $3,621 | 67 (49.50%) | $1,077 | 5 (4.00%) | $6,030 | - | - |
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 8 years, on average, 57 (48.43 % of students) get any students loan help and its average loan amount is $57.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2016-17 | 34 (28%) | $5,105 | 34 (28%) | $5,105 | - | - |
| 2017-18 | 88 (70%) | $4,898 | 64 (51%) | $5,590 | 24 (19%) | $3,053 |
| 2018-19 | 49 (37%) | $5,244 | 49 (37%) | $5,244 | - | - |
| 2019-20 | 48 (44%) | $4,607 | 48 (44%) | $4,607 | - | - |
| 2020-21 | 66 (42%) | $4,659 | 66 (42%) | $4,659 | - | - |
| 2021-22 | 56 (40%) | $4,094 | 56 (40%) | $4,094 | - | - |
| 2022-23 | 60 (78%) | $7,889 | 60 (78%) | $7,889 | - | - |
| Average | 57 (48.43%) | $5,214 | 54 (45.71%) | $5,313 | 24 (19.00%) | $3,053 |
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