Scholarships, Grants, and Loan Trends at Hair Academy

-73%

Received Percent Changed

$251

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 452, which is 65.78 % of all undergraduate students. 486 students which is 70.67% of undergraduate students received federal student loans and the average loan amount is $2,718.

For full-time, first-time beginning students (freshmen), 93.44% of students received grants or scholarships and 94% 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 Hair Academy since 2014.

For that period, the average number of students who received grants aid/scholarships is 452, which is 65.78 % of all undergraduate students. 486 students which is 70.67% of undergraduate students received federal student loans and the average loan amount is $2,718.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15707 (100%)$2,151586 (83%)$2,542707 (100%)$2,438
2015-16693 (92%)$2,345642 (85%)$2,325569 (75%)$3,039
2016-17577 (82%)$2,252577 (82%)$2,235679 (97%)$2,263
2017-18597 (82%)$2,300597 (82%)$2,283703 (96%)$2,431
2018-19625 (81%)$2,428625 (81%)$2,410739 (96%)$2,442
2019-20517 (79%)$2,371517 (79%)$2,324619 (95%)$2,559
2020-21107 (20%)$2,646107 (20%)$2,451101 (19%)$3,161
2021-22126 (29%)$2,511126 (29%)$2,218132 (30%)$3,093
2022-23116 (27%)$2,402116 (27%)$2,126124 (28%)$3,040
Average452 (65.78%)$2,378433 (63.11%)$2,324486 (70.67%)$2,718
*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, 360 (93.44 % of students) received grants or scholarships and its average amount is $2,532. It can cover 11.19% of tuition & fees ($22,620).

In addition, 362 (94.44 % of students) students get helped from the students loans (average amount : $3,261).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15569 (100%)$2,627569 (100%)$3,008
2015-16502 (91%)$2,648480 (87%)$3,602
2016-17399 (98%)$2,780402 (99%)$3,574
2017-18462 (96%)$2,804470 (98%)$3,404
2018-19539 (96%)$2,676549 (98%)$3,205
2019-20431 (96%)$2,636441 (98%)$3,233
2020-21107 (85%)$2,306101 (80%)$3,078
2021-22122 (91%)$2,303128 (96%)$3,139
2022-23112 (88%)$2,005120 (94%)$3,110
Average360 (93.44%)$2,532362 (94.44%)$3,261
*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, 360 (93.44 % of students) received Pell (federal) grants and its average amount is $2,486.

In addition, 19 students received State/local government grants/scholarships (8.33 % 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
2014-15569 (100%)$2,618--10 (2%)$500--
2015-16502 (91%)$2,639--9 (2%)$500--
2016-17399 (98%)$2,756--19 (5%)$500--
2017-18462 (96%)$2,782--20 (4%)$500--
2018-19539 (96%)$2,660--18 (3%)$500--
2019-20431 (96%)$2,612--21 (5%)$500--
2020-21107 (85%)$2,194--24 (19%)$500--
2021-22122 (91%)$2,221--20 (15%)$500--
2022-23112 (88%)$1,889--26 (20%)$500--
Average360 (93.44%)$2,486--19 (8.33%)$500--
*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, 362 (94.44 % of students) get any students loan help and its average loan amount is $362.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15569 (100%)$3,008569 (100%)$3,008--
2015-16480 (87%)$3,602480 (87%)$3,602--
2016-17402 (99%)$3,574402 (99%)$3,574--
2017-18470 (98%)$3,404470 (98%)$3,404--
2018-19549 (98%)$3,205549 (98%)$3,205--
2019-20441 (98%)$3,233441 (98%)$3,233--
2020-21101 (80%)$3,078101 (80%)$3,078--
2021-22128 (96%)$3,139128 (96%)$3,139--
2022-23120 (94%)$3,110120 (94%)$3,110--
Average362 (94.44%)$3,261362 (94.44%)$3,261--

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