Scholarships, Grants, and Loan Trends at Paul Mitchell the School-Rapid City

45%

Received Percent Changed

$716

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 93, which is 70.89 % of all undergraduate students. 71 students which is 54.11% of undergraduate students received federal student loans and the average loan amount is $7,022.

For full-time, first-time beginning students (freshmen), 80.44% of students received grants or scholarships and 69% 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 Paul Mitchell the School-Rapid City since 2014.

For that period, the average number of students who received grants aid/scholarships is 93, which is 70.89 % of all undergraduate students. 71 students which is 54.11% of undergraduate students received federal student loans and the average loan amount is $7,022.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1562 (46%)$3,90459 (44%)$3,94562 (46%)$6,702
2015-16107 (83%)$3,52184 (65%)$3,77674 (57%)$6,508
2016-1798 (82%)$3,34465 (54%)$3,75472 (60%)$7,592
2017-18111 (74%)$3,16470 (47%)$3,81374 (49%)$6,787
2018-1997 (79%)$4,62081 (66%)$4,52264 (52%)$8,325
2019-2085 (54%)$4,93966 (42%)$3,67062 (40%)$7,380
2020-2180 (63%)$4,38163 (49%)$4,80685 (66%)$7,193
2021-2296 (66%)$4,00964 (44%)$4,36466 (46%)$6,257
2022-23100 (91%)$4,62070 (64%)$4,83478 (71%)$6,453
Average93 (70.89%)$4,05669 (52.78%)$4,16571 (54.11%)$7,022
*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, 29 (80.44 % of students) received grants or scholarships and its average amount is $3,919. It can cover 23.83% of tuition & fees ($16,450).

In addition, 24 (69.44 % of students) students get helped from the students loans (average amount : $6,332).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1529 (69%)$4,30231 (74%)$6,561
2015-1637 (84%)$3,68223 (52%)$5,537
2016-1731 (94%)$3,23126 (79%)$5,889
2017-1839 (85%)$3,00926 (57%)$5,605
2018-1928 (88%)$3,81020 (63%)$6,436
2019-2020 (83%)$4,97519 (79%)$6,678
2020-2121 (68%)$4,79529 (94%)$7,574
2021-2228 (76%)$2,91223 (62%)$6,047
2022-2324 (77%)$4,55720 (65%)$6,662
Average29 (80.44%)$3,91924 (69.44%)$6,332
*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 (57.00 % of students) received Pell (federal) grants and its average amount is $4,214.

In addition, 6 students received State/local government grants/scholarships (17.43 % 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
2014-1528 (67%)$4,244--2 (5%)$1,7334 (10%)$620
2015-1629 (66%)$3,874--4 (9%)$2,86217 (39%)$731
2016-1718 (55%)$3,721--8 (24%)$1,46725 (76%)$858
2017-1822 (48%)$3,958--9 (20%)$1,24732 (70%)$595
2018-1925 (78%)$3,707--8 (25%)$76312 (38%)$657
2019-2013 (54%)$3,72114 (58%)$1,7568 (33%)$1,55411 (46%)$1,283
2020-2118 (58%)$5,261----7 (23%)$857
2021-2212 (32%)$4,16121 (57%)$1,362--4 (11%)$750
2022-2317 (55%)$5,27616 (52%)$7702 (6%)$67511 (35%)$547
Average20 (57.00%)$4,21417 (55.67%)$1,2966 (17.43%)$1,47214 (38.67%)$766
*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, 24 (69.44 % of students) get any students loan help and its average loan amount is $24.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1531 (74%)$6,56131 (74%)$6,561--
2015-1623 (52%)$5,53723 (52%)$5,537--
2016-1726 (79%)$5,88926 (79%)$5,889--
2017-1826 (57%)$5,60526 (57%)$5,605--
2018-1920 (63%)$6,43620 (63%)$6,436--
2019-2019 (79%)$6,67819 (79%)$6,678--
2020-2129 (94%)$7,57429 (94%)$7,574--
2021-2223 (62%)$6,04723 (62%)$6,047--
2022-2320 (65%)$6,66220 (65%)$6,662--
Average24 (69.44%)$6,33224 (69.44%)$6,332--

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