Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 111, which is 96.00 % of all undergraduate students.
For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 0% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at Modern Hairstyling Institute-Arecibo since 2014.
For that period, the average number of students who received grants aid/scholarships is 111, which is 96.00 % of all undergraduate students.
| 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 | 85 (98%) | $6,692 | 85 (98%) | $5,730 | - | - |
| 2015-16 | 98 (97%) | $6,800 | 98 (97%) | $5,775 | - | - |
| 2016-17 | 127 (96%) | $6,800 | 127 (96%) | $5,815 | - | - |
| 2017-18 | 132 (93%) | $6,800 | 132 (93%) | $5,920 | - | - |
| 2018-19 | 124 (91%) | $6,962 | 124 (91%) | $6,095 | - | - |
| 2019-20 | 108 (94%) | $7,062 | 108 (94%) | $6,195 | - | - |
| 2020-21 | 103 (95%) | $7,541 | 103 (95%) | $6,345 | - | - |
| 2021-22 | 122 (100%) | $7,941 | 110 (90%) | $6,895 | - | - |
| 2022-23 | 100 (100%) | $8,145 | 90 (90%) | $6,895 | - | - |
| Average | 111 (96.00%) | $7,194 | 109 (93.78%) | $6,185 | - | - |
For the last 10 years, on average, 97 (100.00 % of students) received grants or scholarships and its average amount is $6,978. It can cover 71.20% of tuition & fees ($9,800).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2014-15 | 76 (100%) | $6,647 | - | - |
| 2015-16 | 84 (100%) | $6,692 | - | - |
| 2016-17 | 117 (100%) | $6,732 | - | - |
| 2017-18 | 132 (100%) | $6,262 | - | - |
| 2018-19 | 124 (100%) | $6,962 | - | - |
| 2019-20 | 105 (100%) | $7,062 | - | - |
| 2020-21 | 75 (100%) | $7,252 | - | - |
| 2021-22 | 84 (100%) | $7,362 | - | - |
| 2022-23 | 79 (100%) | $7,828 | - | - |
| Average | 97 (100.00%) | $6,978 | - | - |
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 97 (100.00 % of students) received Pell (federal) grants and its average amount is $6,081.
In addition, 97 students received State/local government grants/scholarships (100.00 % 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 | |
| 2014-15 | 76 (100%) | $5,730 | 76 (100%) | $500 | 76 (100%) | $250 | 76 (100%) | $167 |
| 2015-16 | 84 (100%) | $5,775 | 84 (100%) | $500 | 84 (100%) | $250 | 84 (100%) | $167 |
| 2016-17 | 117 (100%) | $5,815 | 117 (100%) | $500 | 117 (100%) | $250 | 117 (100%) | $167 |
| 2017-18 | 132 (100%) | $5,382 | 132 (100%) | $500 | 132 (100%) | $200 | 132 (100%) | $180 |
| 2018-19 | 124 (100%) | $6,095 | 124 (100%) | $500 | 124 (100%) | $200 | 124 (100%) | $167 |
| 2019-20 | 105 (100%) | $6,195 | 105 (100%) | $500 | 105 (100%) | $200 | 105 (100%) | $167 |
| 2020-21 | 75 (100%) | $6,345 | 75 (100%) | $500 | 75 (100%) | $200 | 75 (100%) | $207 |
| 2021-22 | 84 (100%) | $6,495 | 84 (100%) | $500 | 84 (100%) | $200 | 84 (100%) | $167 |
| 2022-23 | 79 (100%) | $6,895 | 79 (100%) | $500 | 79 (100%) | $250 | 79 (100%) | $183 |
| Average | 97 (100.00%) | $6,081 | 97 (100.00%) | $500 | 97 (100.00%) | $222 | 97 (100.00%) | $175 |
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