Scholarships, Grants, and Loan Trends at NFCI

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 149, which is 65.67 % of all undergraduate students. 133 students which is 58.67% of undergraduate students received federal student loans and the average loan amount is $6,551.

For full-time, first-time beginning students (freshmen), 72.89% of students received grants or scholarships and 72% of students received student loans.

Trends by Subject

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at North Florida Cosmetology Institute since 2014.

For that period, the average number of students who received grants aid/scholarships is 149, which is 65.67 % of all undergraduate students. 133 students which is 58.67% of undergraduate students received federal student loans and the average loan amount is $6,551.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15161 (69%)$3,491161 (69%)$3,491133 (57%)$6,403
2015-16161 (67%)$4,047161 (67%)$4,047149 (62%)$7,639
2016-17176 (71%)$3,909176 (71%)$3,909158 (63%)$6,761
2017-18156 (67%)$3,755156 (67%)$3,755142 (61%)$6,402
2018-19164 (70%)$4,051164 (70%)$4,051154 (66%)$6,555
2019-20153 (71%)$5,084153 (71%)$4,350129 (60%)$6,631
2020-21139 (60%)$4,764139 (60%)$4,173128 (55%)$6,560
2021-22140 (59%)$4,396140 (59%)$4,396119 (50%)$6,167
2022-2394 (57%)$4,59594 (57%)$4,59589 (54%)$5,837
Average149 (65.67%)$4,232149 (65.67%)$4,085133 (58.67%)$6,551
*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.

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

For the last 10 years, on average, 83 (72.89 % of students) received grants or scholarships and its average amount is $4,955. It can cover 68.82% of tuition & fees ($7,200).

In addition, 81 (72.22 % of students) students get helped from the students loans (average amount : $7,203).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15105 (67%)$3,66892 (59%)$6,456
2015-16102 (69%)$4,29396 (65%)$7,906
2016-17118 (71%)$4,160112 (67%)$6,934
2017-1870 (76%)$4,46174 (80%)$7,839
2018-1976 (79%)$4,97779 (82%)$7,766
2019-2069 (81%)$6,56070 (82%)$7,516
2020-2172 (74%)$5,88975 (77%)$6,870
2021-2272 (70%)$5,41871 (69%)$6,787
2022-2362 (69%)$5,17162 (69%)$6,753
Average83 (72.89%)$4,95581 (72.22%)$7,203
*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 10 years, on average, 83 (72.89 % of students) received Pell (federal) grants and its average amount is $4,734.

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
2014-15105 (67%)$3,668------
2015-16102 (69%)$4,293------
2016-17118 (71%)$4,160------
2017-1870 (76%)$4,461------
2018-1976 (79%)$4,977------
2019-2069 (81%)$5,71454 (64%)$1,080----
2020-2172 (74%)$4,74772 (74%)$1,142----
2021-2272 (70%)$5,418------
2022-2362 (69%)$5,171------
Average83 (72.89%)$4,73463 (69.00%)$1,111----
*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 10 years, on average, 81 (72.22 % of students) get any students loan help and its average loan amount is $81.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1592 (59%)$6,45692 (59%)$6,456--
2015-1696 (65%)$7,90696 (65%)$7,906--
2016-17112 (67%)$6,934112 (67%)$6,934--
2017-1874 (80%)$7,83974 (80%)$7,839--
2018-1979 (82%)$7,76679 (82%)$7,766--
2019-2070 (82%)$7,51670 (82%)$7,516--
2020-2175 (77%)$6,87075 (77%)$6,870--
2021-2271 (69%)$6,78771 (69%)$6,787--
2022-2362 (69%)$6,75362 (69%)$6,753--
Average81 (72.22%)$7,20381 (72.22%)$7,203--

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