Scholarships, Grants, and Loan Trends at Formations Institute of Cosmetology & Barbering

17%

Received Percent Changed

$209

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 41, which is 73.89 % of all undergraduate students. 38 students which is 69.67% of undergraduate students received federal student loans and the average loan amount is $5,282.

For full-time, first-time beginning students (freshmen), 74.89% of students received grants or scholarships and 68% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Formations Institute of Cosmetology & Barbering since 2014.

For that period, the average number of students who received grants aid/scholarships is 41, which is 73.89 % of all undergraduate students. 38 students which is 69.67% of undergraduate students received federal student loans and the average loan amount is $5,282.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1533 (58%)$3,36833 (58%)$3,25633 (58%)$4,223
2015-1629 (67%)$4,59529 (67%)$4,59526 (60%)$6,210
2016-1741 (77%)$4,50737 (70%)$4,31236 (68%)$5,322
2017-1841 (95%)$2,61641 (95%)$2,61640 (93%)$3,966
2018-1926 (74%)$6,05526 (74%)$6,05527 (77%)$7,246
2019-2054 (92%)$4,19548 (81%)$3,97647 (80%)$5,988
2020-2136 (56%)$3,45832 (50%)$3,71037 (58%)$3,964
2021-2256 (71%)$3,96952 (66%)$3,91653 (67%)$5,068
2022-2350 (75%)$3,57744 (66%)$4,00544 (66%)$5,555
Average41 (73.89%)$4,03838 (69.67%)$4,04938 (69.67%)$5,282
*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, 21 (74.89 % of students) received grants or scholarships and its average amount is $4,033. It can cover 23.18% of tuition & fees ($17,400).

In addition, 19 (67.78 % of students) students get helped from the students loans (average amount : $5,201).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1519 (58%)$3,88116 (48%)$5,605
2015-1610 (50%)$4,60411 (55%)$3,954
2016-1721 (70%)$3,92820 (67%)$4,944
2017-1828 (93%)$2,54227 (90%)$4,178
2018-1918 (86%)$4,06614 (67%)$4,720
2019-2027 (93%)$4,19522 (76%)$7,113
2020-2124 (67%)$3,90923 (64%)$4,548
2021-2223 (72%)$4,42120 (63%)$4,663
2022-2317 (85%)$4,75116 (80%)$7,085
Average21 (74.89%)$4,03319 (67.78%)$5,201
*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, 20 (71.00 % of students) received Pell (federal) grants and its average amount is $4,120.

In addition, 2 students received State/local government grants/scholarships (6.67 % 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
2014-1519 (58%)$3,685--2 (6%)$1,861--
2015-1610 (50%)$4,604------
2016-1720 (67%)$3,927----1 (3%)$3,950
2017-1828 (93%)$2,542------
2018-1918 (86%)$4,066------
2019-2024 (83%)$4,435--1 (3%)$2,0002 (7%)$2,413
2020-2120 (56%)$4,401--4 (11%)$1,448--
2021-2221 (66%)$4,425----4 (13%)$2,188
2022-2316 (80%)$4,991----3 (15%)$300
Average20 (71.00%)$4,120--2 (6.67%)$1,7703 (9.50%)$2,213
*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, 19 (67.78 % of students) get any students loan help and its average loan amount is $19.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1516 (48%)$5,60516 (48%)$5,605--
2015-1611 (55%)$3,95411 (55%)$3,954--
2016-1720 (67%)$4,94420 (67%)$4,944--
2017-1827 (90%)$4,17827 (90%)$4,178--
2018-1914 (67%)$4,72014 (67%)$4,720--
2019-2022 (76%)$7,11322 (76%)$7,113--
2020-2123 (64%)$4,54823 (64%)$4,548--
2021-2220 (63%)$4,66320 (63%)$4,663--
2022-2316 (80%)$7,08516 (80%)$7,085--
Average19 (67.78%)$5,20119 (67.78%)$5,201--

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