Over the past 5 years (2020-2023), the average number of students who received grants aid/scholarships is 36, which is 74.50 % of all undergraduate students. 27 students which is 48.50% of undergraduate students received federal student loans and the average loan amount is $9,863.
For full-time, first-time beginning students (freshmen), 79.00% of students received grants or scholarships and 81% of students received student loans.
The following table shows the trends of financial aid for all undergraduate students at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School since 2019.
For that period, the average number of students who received grants aid/scholarships is 36, which is 74.50 % of all undergraduate students. 27 students which is 48.50% of undergraduate students received federal student loans and the average loan amount is $9,863.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2019-20 | 19 (100%) | $6,272 | 5 (26%) | $5,730 | 6 (32%) | $10,239 |
| 2020-21 | 37 (73%) | $4,076 | 26 (51%) | $4,909 | 30 (59%) | $9,191 |
| 2021-22 | 54 (79%) | $11,235 | 40 (59%) | $5,214 | 38 (56%) | $9,883 |
| 2022-23 | 34 (46%) | $6,743 | 32 (43%) | $6,981 | 35 (47%) | $10,139 |
| Average | 36 (74.50%) | $7,082 | 26 (44.75%) | $5,709 | 27 (48.50%) | $9,863 |
For the last 5 years, on average, 9 (79.00 % of students) received grants or scholarships and its average amount is $6,128. It can cover 32.42% of tuition & fees ($18,900).
In addition, 9 (81.00 % of students) students get helped from the students loans (average amount : $9,168).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2019-20 | 6 (100%) | $6,916 | 6 (100%) | $10,030 |
| 2020-21 | 4 (57%) | $5,459 | 4 (57%) | $11,092 |
| 2021-22 | 10 (71%) | $6,813 | 11 (79%) | $8,818 |
| 2022-23 | 15 (88%) | $5,324 | 15 (88%) | $6,733 |
| Average | 9 (79.00%) | $6,128 | 9 (81.00%) | $9,168 |
The following table shows the trends of grants or scholarships over time. For the last 5 years, on average, 7 (54.75 % of students) received Pell (federal) grants and its average amount is $5,459.
| 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 | |
| 2019-20 | 1 (17%) | $6,195 | 6 (100%) | $551 | - | - | 4 (67%) | $8,000 |
| 2020-21 | 3 (43%) | $4,245 | 2 (29%) | $551 | - | - | 1 (14%) | $8,000 |
| 2021-22 | 10 (71%) | $6,070 | 2 (14%) | $457 | - | - | 1 (7%) | $6,518 |
| 2022-23 | 15 (88%) | $5,324 | - | - | - | - | - | - |
| Average | 7 (54.75%) | $5,459 | 3 (47.67%) | $520 | - | - | 2 (29.33%) | $7,506 |
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 5 years, on average, 9 (81.00 % of students) get any students loan help and its average loan amount is $9.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2019-20 | 6 (100%) | $10,030 | 2 (33%) | $9,500 | 4 (67%) | $10,295 |
| 2020-21 | 4 (57%) | $11,092 | 3 (43%) | $8,667 | 1 (14%) | $18,369 |
| 2021-22 | 11 (79%) | $8,818 | 11 (79%) | $8,818 | - | - |
| 2022-23 | 15 (88%) | $6,733 | 15 (88%) | $6,733 | - | - |
| Average | 9 (81.00%) | $9,168 | 8 (60.75%) | $8,430 | 3 (40.50%) | $14,332 |
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