Over the past 4 years (2021-2023), the average number of students who received grants aid/scholarships is 31, which is 55.00 % of all undergraduate students. 36 students which is 59.67% of undergraduate students received federal student loans and the average loan amount is $4,716.
For full-time, first-time beginning students (freshmen), 53.33% of students received grants or scholarships and 57% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at Salon Professional Academy-Elevate Salon Institute since 2020.
For that period, the average number of students who received grants aid/scholarships is 31, which is 55.00 % of all undergraduate students. 36 students which is 59.67% of undergraduate students received federal student loans and the average loan amount is $4,716.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2020-21 | 37 (77%) | $4,095 | 20 (42%) | $4,959 | 25 (52%) | $6,118 |
| 2021-22 | 28 (50%) | $3,167 | 24 (43%) | $3,111 | 33 (59%) | $4,497 |
| 2022-23 | 28 (38%) | $3,481 | 28 (38%) | $3,481 | 50 (68%) | $3,532 |
| Average | 31 (55.00%) | $3,581 | 24 (41.00%) | $3,850 | 36 (59.67%) | $4,716 |
For the last 4 years, on average, 14 (53.33 % of students) received grants or scholarships and its average amount is $4,315. It can cover 95.88% of tuition & fees ($4,500).
In addition, 16 (57.00 % of students) students get helped from the students loans (average amount : $4,953).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2020-21 | 14 (64%) | $5,730 | 12 (55%) | $6,571 |
| 2021-22 | 13 (46%) | $3,364 | 16 (57%) | $4,366 |
| 2022-23 | 16 (50%) | $3,850 | 19 (59%) | $3,922 |
| Average | 14 (53.33%) | $4,315 | 16 (57.00%) | $4,953 |
The following table shows the trends of grants or scholarships over time. For the last 4 years, on average, 12 (44.67 % of students) received Pell (federal) grants and its average amount is $4,394.
| 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 | |
| 2020-21 | 9 (41%) | $6,156 | 13 (59%) | $582 | - | - | 11 (50%) | $1,568 |
| 2021-22 | 12 (43%) | $3,176 | 7 (25%) | $446 | - | - | 2 (7%) | $1,250 |
| 2022-23 | 16 (50%) | $3,850 | - | - | - | - | - | - |
| Average | 12 (44.67%) | $4,394 | 10 (42.00%) | $514 | - | - | 7 (28.50%) | $1,409 |
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 4 years, on average, 16 (57.00 % of students) get any students loan help and its average loan amount is $16.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2020-21 | 12 (55%) | $6,571 | 12 (55%) | $6,571 | - | - |
| 2021-22 | 16 (57%) | $4,366 | 16 (57%) | $4,366 | - | - |
| 2022-23 | 19 (59%) | $3,922 | 19 (59%) | $3,922 | - | - |
| Average | 16 (57.00%) | $4,953 | 16 (57.00%) | $4,953 | - | - |
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