Scholarships, Grants, and Loan Trends at Paul Mitchell the School-Rapid City

Over the past 12 years (2011-2022), the average number of students who received grants aid/scholarships is 87, which is 64.09 % of all undergraduate students. 71 students which is 51.91% of undergraduate students received federal student loans and the average loan amount is $6,915.
For full-time, first-time beginning students (freshmen), 80.91% of students received grants or scholarships and 70% 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 Paul Mitchell the School-Rapid City since 2011.
For that period, the average number of students who received grants aid/scholarships is 87, which is 64.09 % of all undergraduate students. 71 students which is 51.91% of undergraduate students received federal student loans and the average loan amount is $6,915.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-1288 (64%)$3,59586 (63%)$3,51180 (58%)$5,946
2012-1372 (49%)$3,92272 (49%)$3,92280 (55%)$6,652
2013-1463 (45%)$3,71853 (38%)$3,98659 (42%)$6,719
2014-1562 (46%)$3,90459 (44%)$3,94562 (46%)$6,702
2015-16107 (83%)$3,52184 (65%)$3,77674 (57%)$6,508
2016-1798 (82%)$3,34465 (54%)$3,75472 (60%)$7,592
2017-18111 (74%)$3,16470 (47%)$3,81374 (49%)$6,787
2018-1997 (79%)$4,62081 (66%)$4,52264 (52%)$8,325
2019-2085 (54%)$4,93966 (42%)$3,67062 (40%)$7,380
2020-2180 (63%)$4,38163 (49%)$4,80685 (66%)$7,193
2021-2296 (66%)$4,00964 (44%)$4,36466 (46%)$6,257
Average87 (64.09%)$3,92069 (51.00%)$4,00671 (51.91%)$6,915

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

For the last 12 years, on average, 32 (80.91 % of students) received grants or scholarships and its average amount is $3,917. It can cover 24.87% of tuition & fees ($15,750).
In addition, 28 (70.45 % of students) students get helped from the students loans (average amount : $6,242).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-1242 (84%)$3,77033 (66%)$5,963
2012-1343 (88%)$4,55638 (78%)$6,135
2013-1435 (71%)$4,04235 (71%)$6,235
2014-1529 (69%)$4,30231 (74%)$6,561
2015-1637 (84%)$3,68223 (52%)$5,537
2016-1731 (94%)$3,23126 (79%)$5,889
2017-1839 (85%)$3,00926 (57%)$5,605
2018-1928 (88%)$3,81020 (63%)$6,436
2019-2020 (83%)$4,97519 (79%)$6,678
2020-2121 (68%)$4,79529 (94%)$7,574
2021-2228 (76%)$2,91223 (62%)$6,047
Average32 (80.91%)$3,91728 (70.45%)$6,242
*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 12 years, on average, 25 (61.73 % of students) received Pell (federal) grants and its average amount is $4,048.
In addition, 7 students received State/local government grants/scholarships (18.33 % of students).
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
2011-1241 (82%)$3,673--2 (4%)$1,75023 (46%)$185
2012-1339 (80%)$3,960--17 (35%)$1,88430 (61%)$314
2013-1429 (59%)$4,248--5 (10%)$2,4388 (16%)$763
2014-1528 (67%)$4,244--2 (5%)$1,7334 (10%)$620
2015-1629 (66%)$3,874--4 (9%)$2,86217 (39%)$731
2016-1718 (55%)$3,721--8 (24%)$1,46725 (76%)$858
2017-1822 (48%)$3,958--9 (20%)$1,24732 (70%)$595
2018-1925 (78%)$3,707--8 (25%)$76312 (38%)$657
2019-2013 (54%)$3,72114 (58%)$1,7568 (33%)$1,55411 (46%)$1,283
2020-2118 (58%)$5,261----7 (23%)$857
2021-2212 (32%)$4,16121 (57%)$1,362--4 (11%)$750
Average25 (61.73%)$4,04818 (57.50%)$1,5597 (18.33%)$1,74416 (39.64%)$692
*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 12 years, on average, 28 (70.45 % of students) get any students loan help and its average loan amount is $28.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1233 (66%)$5,96333 (66%)$5,963--
2012-1338 (78%)$6,13538 (78%)$5,9281 (2%)$7,841
2013-1435 (71%)$6,23535 (71%)$6,235--
2014-1531 (74%)$6,56131 (74%)$6,561--
2015-1623 (52%)$5,53723 (52%)$5,537--
2016-1726 (79%)$5,88926 (79%)$5,889--
2017-1826 (57%)$5,60526 (57%)$5,605--
2018-1920 (63%)$6,43620 (63%)$6,436--
2019-2019 (79%)$6,67819 (79%)$6,678--
2020-2129 (94%)$7,57429 (94%)$7,574--
2021-2223 (62%)$6,04723 (62%)$6,047--
Average28 (70.45%)$6,24228 (70.45%)$6,2231 (2.00%)$7,841
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