Scholarships, Grants, and Loan Trends at INE

Over the past 12 years (2011-2022), the average number of students who received grants aid/scholarships is 209, which is 62.36 % of all undergraduate students. 200 students which is 61.73% of undergraduate students received federal student loans and the average loan amount is $7,224.
For full-time, first-time beginning students (freshmen), 77.18% of students received grants or scholarships and 84% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Tricoci University of Beauty Culture-Indianapolis since 2011.
For that period, the average number of students who received grants aid/scholarships is 209, which is 62.36 % of all undergraduate students. 200 students which is 61.73% of undergraduate students received federal student loans and the average loan amount is $7,224.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-1276 (40%)$3,85674 (39%)$3,54999 (52%)$7,092
2012-13120 (65%)$4,358102 (55%)$3,530116 (63%)$6,972
2013-14110 (60%)$3,77191 (50%)$3,139117 (64%)$8,108
2014-15120 (63%)$4,25790 (47%)$3,449124 (65%)$6,532
2015-16158 (71%)$4,764141 (64%)$3,567157 (71%)$6,912
2016-17187 (65%)$5,099172 (60%)$3,681184 (64%)$7,923
2017-18225 (70%)$5,078211 (66%)$3,713224 (70%)$7,226
2018-19131 (32%)$5,375121 (30%)$4,560139 (34%)$7,272
2019-20345 (73%)$4,723331 (70%)$4,181307 (65%)$7,240
2020-21402 (74%)$4,916378 (70%)$4,307354 (65%)$7,550
2021-22422 (73%)$4,951401 (69%)$4,130384 (66%)$6,635
Average209 (62.36%)$4,650192 (56.36%)$3,801200 (61.73%)$7,224

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

For the last 12 years, on average, 16 (77.18 % of students) received grants or scholarships and its average amount is $5,458. It can cover 41.40% of tuition & fees ($13,184).
In addition, 17 (83.73 % of students) students get helped from the students loans (average amount : $8,448).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-1241 (82%)$4,79338 (76%)$7,607
2012-1322 (71%)$4,52426 (84%)$7,613
2013-1423 (66%)$4,25130 (86%)$9,856
2014-1514 (36%)$4,24813 (33%)$8,657
2015-166 (86%)$6,2107 (100%)$8,829
2016-1719 (90%)$6,21118 (86%)$10,188
2017-1813 (57%)$4,98119 (83%)$7,143
2018-1919 (76%)$6,79522 (88%)$7,774
2019-201 (100%)$4,7651 (100%)$7,307
2020-213 (100%)$7,0093 (100%)$9,743
2021-2211 (85%)$6,25311 (85%)$8,213
Average16 (77.18%)$5,45817 (83.73%)$8,448
*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 12 years, on average, 15 (73.91 % of students) received Pell (federal) grants and its average amount is $4,389.
In addition, 1 students received State/local government grants/scholarships (4.00 % of students).
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
2011-1241 (82%)$4,793------
2012-1319 (61%)$4,061--1 (3%)$13,8009 (29%)$951
2013-1421 (60%)$3,378----14 (40%)$1,916
2014-1511 (28%)$3,398----12 (31%)$1,841
2015-166 (86%)$4,226----4 (57%)$2,976
2016-1718 (86%)$4,318--1 (5%)$7,08311 (52%)$3,018
2017-1813 (57%)$4,3491 (4%)$150--3 (13%)$2,689
2018-1919 (76%)$4,9719 (36%)$192--12 (48%)$2,744
2019-201 (100%)$4,765------
2020-213 (100%)$4,881----3 (100%)$2,128
2021-2210 (77%)$5,1383 (23%)$300--8 (62%)$2,063
Average15 (73.91%)$4,3894 (21.00%)$2141 (4.00%)$10,4428 (48.00%)$2,258
*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 12 years, on average, 17 (83.73 % of students) get any students loan help and its average loan amount is $17.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1238 (76%)$7,60738 (76%)$7,607--
2012-1326 (84%)$7,61326 (84%)$7,3441 (3%)$7,010
2013-1430 (86%)$9,85629 (83%)$9,1692 (6%)$14,889
2014-1513 (33%)$8,65713 (33%)$8,657--
2015-167 (100%)$8,8297 (100%)$8,829--
2016-1718 (86%)$10,18818 (86%)$10,188--
2017-1819 (83%)$7,14319 (83%)$7,143--
2018-1922 (88%)$7,77422 (88%)$7,774--
2019-201 (100%)$7,3071 (100%)$7,307--
2020-213 (100%)$9,7433 (100%)$9,743--
2021-2211 (85%)$8,21311 (85%)$8,213--
Average17 (83.73%)$8,44817 (83.45%)$8,3612 (4.50%)$10,950
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