Scholarships, Grants, and Loan Trends at Hair Arts Institute

15%

Received Percent Changed

$1,288

Received Amount Changes

Over the past 4 years (2021-2023), the average number of students who received grants aid/scholarships is 22, which is 40.00 % of all undergraduate students. 29 students which is 53.00% of undergraduate students received federal student loans and the average loan amount is $8,932.

For full-time, first-time beginning students (freshmen), 42.00% of students received grants or scholarships and 65% 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 Arts Institute since 2020.

For that period, the average number of students who received grants aid/scholarships is 22, which is 40.00 % of all undergraduate students. 29 students which is 53.00% of undergraduate students received federal student loans and the average loan amount is $8,932.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2020-2116 (35%)$4,63916 (35%)$4,63919 (41%)$9,021
2021-2218 (35%)$5,39118 (35%)$5,39128 (55%)$8,633
2022-2331 (50%)$5,92731 (50%)$5,63139 (63%)$9,143
Average22 (40.00%)$5,31922 (40.00%)$5,22029 (53.00%)$8,932
*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 4 years, on average, 3 (42.00 % of students) received grants or scholarships and its average amount is $5,773. It can cover 26.85% of tuition & fees ($21,500).

In addition, 5 (65.33 % of students) students get helped from the students loans (average amount : $9,382).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2020-211 (33%)$6,3451 (33%)$9,500
2021-222 (33%)$4,8725 (83%)$8,000
2022-236 (60%)$6,1038 (80%)$10,646
Average3 (42.00%)$5,7735 (65.33%)$9,382
*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 4 years, on average, 3 (42.00 % of students) received Pell (federal) grants and its average amount is $5,773.

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
2020-211 (33%)$6,345------
2021-222 (33%)$4,872------
2022-236 (60%)$6,103------
Average3 (42.00%)$5,773------
*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 4 years, on average, 5 (65.33 % of students) get any students loan help and its average loan amount is $5.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2020-211 (33%)$9,5001 (33%)$9,500--
2021-225 (83%)$8,0005 (83%)$8,000--
2022-238 (80%)$10,6468 (80%)$10,646--
Average5 (65.33%)$9,3825 (65.33%)$9,382--

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