Over the past 8 years (2015-2021), the average number of students who received grants aid/scholarships is 116, which is 65.29 % of all undergraduate students. 128 students which is 70.43% of undergraduate students received federal student loans and the average loan amount is $5,997.
For full-time, first-time beginning students (freshmen), 68.86% of students received grants or scholarships and 73% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at Michael's School of Hair Design & Esthetics since 2014.
For that period, the average number of students who received grants aid/scholarships is 116, which is 65.29 % of all undergraduate students. 128 students which is 70.43% of undergraduate students received federal student loans and the average loan amount is $5,997.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2014-15 | 104 (48%) | $3,642 | 94 (43%) | $3,797 | 143 (66%) | $6,335 |
| 2015-16 | 136 (63%) | $3,114 | 102 (47%) | $3,682 | 153 (71%) | $5,877 |
| 2016-17 | 125 (63%) | $3,286 | 78 (39%) | $4,340 | 142 (71%) | $6,748 |
| 2017-18 | 116 (60%) | $3,782 | 103 (53%) | $3,627 | 129 (67%) | $6,733 |
| 2018-19 | 95 (57%) | $3,495 | 67 (40%) | $4,364 | 105 (63%) | $5,608 |
| 2019-20 | 109 (74%) | $3,128 | 82 (55%) | $3,422 | 102 (69%) | $5,032 |
| 2020-21 | 128 (92%) | $3,793 | 81 (58%) | $3,909 | 120 (86%) | $5,644 |
| Average | 116 (65.29%) | $3,463 | 87 (47.86%) | $3,877 | 128 (70.43%) | $5,997 |
For the last 8 years, on average, 41 (68.86 % of students) received grants or scholarships and its average amount is $3,750. It can cover 22.06% of tuition & fees ($16,995).
In addition, 45 (73.14 % of students) students get helped from the students loans (average amount : $6,557).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2014-15 | 47 (60%) | $3,703 | 61 (78%) | $7,334 |
| 2015-16 | 51 (69%) | $4,295 | 59 (80%) | $6,089 |
| 2016-17 | 39 (57%) | $3,712 | 50 (72%) | $9,757 |
| 2017-18 | 56 (66%) | $3,713 | 55 (65%) | $6,337 |
| 2018-19 | 26 (65%) | $2,937 | 26 (65%) | $4,887 |
| 2019-20 | 32 (68%) | $3,022 | 29 (62%) | $5,193 |
| 2020-21 | 38 (97%) | $4,867 | 35 (90%) | $6,305 |
| Average | 41 (68.86%) | $3,750 | 45 (73.14%) | $6,557 |
The following table shows the trends of grants or scholarships over time. For the last 8 years, on average, 33 (53.29 % of students) received Pell (federal) grants and its average amount is $3,961.
In addition, 2 students received State/local government grants/scholarships (3.33 % 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 | |
| 2014-15 | 47 (60%) | $3,378 | 42 (54%) | $73 | 1 (1%) | $100 | 18 (23%) | $672 |
| 2015-16 | 39 (53%) | $4,405 | 39 (53%) | $116 | 3 (4%) | $1,750 | 25 (34%) | $1,500 |
| 2016-17 | 36 (52%) | $3,746 | 35 (51%) | $106 | 1 (1%) | $2,500 | 4 (6%) | $925 |
| 2017-18 | 48 (56%) | $3,793 | 54 (64%) | $129 | 3 (4%) | $1,933 | 23 (27%) | $570 |
| 2018-19 | 16 (40%) | $4,242 | 10 (25%) | $146 | - | - | 13 (33%) | $539 |
| 2019-20 | 21 (45%) | $3,589 | 16 (34%) | $109 | 1 (2%) | $2,000 | 20 (43%) | $878 |
| 2020-21 | 26 (67%) | $4,574 | 26 (67%) | $125 | 3 (8%) | $4,000 | 32 (82%) | $1,587 |
| Average | 33 (53.29%) | $3,961 | 32 (49.71%) | $115 | 2 (3.33%) | $2,047 | 19 (35.43%) | $953 |
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, 45 (73.14 % of students) get any students loan help and its average loan amount is $45.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2014-15 | 61 (78%) | $7,334 | 61 (78%) | $7,334 | - | - |
| 2015-16 | 59 (80%) | $6,089 | 59 (80%) | $6,089 | - | - |
| 2016-17 | 50 (72%) | $9,757 | 50 (72%) | $9,757 | - | - |
| 2017-18 | 55 (65%) | $6,337 | 55 (65%) | $6,337 | - | - |
| 2018-19 | 26 (65%) | $4,887 | 26 (65%) | $4,887 | - | - |
| 2019-20 | 29 (62%) | $5,193 | 29 (62%) | $5,193 | - | - |
| 2020-21 | 35 (90%) | $6,305 | 35 (90%) | $6,305 | - | - |
| Average | 45 (73.14%) | $6,557 | 45 (73.14%) | $6,557 | - | - |
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