How Michigan College of Beauty-Monroe's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Michigan College of Beauty-Monroe since 2011.

For that period, the average number of students who received grants aid/scholarships is 123, which is 64.18 % of all undergraduate students. 105 students which is 57.36% of undergraduate students received federal student loans and the average loan amount is $4,862.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	289 (100%)	$3,375	185 (64%)	$2,823	174 (60%)	$3,091
2012-13	214 (84%)	$5,963	163 (64%)	$2,432	214 (84%)	$4,111
2013-14	112 (54%)	$2,488	97 (47%)	$2,734	75 (36%)	$3,382
2014-15	155 (66%)	$4,952	120 (51%)	$2,666	150 (64%)	$3,428
2015-16	109 (55%)	$3,807	109 (55%)	$3,807	89 (45%)	$5,249
2016-17	95 (60%)	$3,484	95 (60%)	$3,484	96 (61%)	$5,249
2017-18	80 (54%)	$3,442	75 (51%)	$3,671	71 (48%)	$6,044
2018-19	76 (58%)	$3,703	76 (58%)	$3,663	77 (58%)	$5,928
2019-20	85 (70%)	$3,897	65 (54%)	$4,179	97 (80%)	$4,609
2020-21	49 (51%)	$5,964	49 (51%)	$5,964	52 (54%)	$6,241
2021-22	86 (54%)	$6,252	52 (33%)	$5,282	65 (41%)	$6,155
Average	123 (64.18%)	$4,302	99 (53.45%)	$3,700	105 (57.36%)	$4,862

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

For the last 12 years, on average, 99 (87.45 % of students) received grants or scholarships and its average amount is $2,449. It can cover 15.52% of tuition & fees ($15,775).

In addition, 74 (66.36 % of students) students get helped from the students loans (average amount : $3,302).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	183 (100%)	$2,909	174 (95%)	$3,091
2012-13	166 (100%)	$2,448	82 (49%)	$2,852
2013-14	112 (84%)	$2,488	75 (56%)	$3,382
2014-15	130 (84%)	$2,629	142 (92%)	$3,521
2015-16	109 (83%)	$2,324	35 (27%)	$2,833
2016-17	87 (83%)	$1,869	63 (60%)	$2,955
2017-18	70 (93%)	$2,239	38 (51%)	$3,307
2018-19	49 (71%)	$2,568	49 (71%)	$3,384
2019-20	65 (100%)	$2,486	47 (72%)	$3,417
2020-21	40 (77%)	$2,675	48 (92%)	$3,809
2021-22	75 (87%)	$2,300	56 (65%)	$3,775
Average	99 (87.45%)	$2,449	74 (66.36%)	$3,302

^*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, 91 (79.64 % of students) received Pell (federal) grants and its average amount is $2,546.

In addition, 4 students received State/local government grants/scholarships (3.00 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	180 (98%)	$2,901	-	-	5 (3%)	$202	3 (2%)	$3,067
2012-13	155 (93%)	$2,455	-	-	1 (1%)	$200	10 (6%)	$2,562
2013-14	97 (72%)	$2,734	-	-	10 (7%)	$200	5 (4%)	$2,295
2014-15	120 (77%)	$2,666	-	-	1 (1%)	$200	9 (6%)	$2,411
2015-16	109 (83%)	$2,324	-	-	-	-	-	-
2016-17	87 (83%)	$1,869	-	-	-	-	-	-
2017-18	70 (93%)	$2,239	-	-	-	-	-	-
2018-19	49 (71%)	$2,568	-	-	-	-	-	-
2019-20	45 (69%)	$2,702	-	-	-	-	20 (31%)	$2,000
2020-21	40 (77%)	$2,675	-	-	-	-	-	-
2021-22	52 (60%)	$2,875	-	-	-	-	23 (27%)	$1,000
Average	91 (79.64%)	$2,546	-	-	4 (3.00%)	$201	12 (12.67%)	$2,223

^*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, 74 (66.36 % of students) get any students loan help and its average loan amount is $74.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	174 (95%)	$3,091	174 (95%)	$3,091	-	-
2012-13	82 (49%)	$2,852	82 (49%)	$2,852	-	-
2013-14	75 (56%)	$3,382	75 (56%)	$3,382	-	-
2014-15	142 (92%)	$3,521	142 (92%)	$3,521	-	-
2015-16	35 (27%)	$2,833	35 (27%)	$2,833	-	-
2016-17	63 (60%)	$2,955	63 (60%)	$2,955	-	-
2017-18	38 (51%)	$3,307	38 (51%)	$3,307	-	-
2018-19	49 (71%)	$3,384	49 (71%)	$3,384	-	-
2019-20	47 (72%)	$3,417	47 (72%)	$3,417	-	-
2020-21	48 (92%)	$3,809	48 (92%)	$3,809	-	-
2021-22	56 (65%)	$3,775	56 (65%)	$3,775	-	-
Average	74 (66.36%)	$3,302	74 (66.36%)	$3,302	-	-

Scholarships, Grants, and Loan Trends at Michigan College of Beauty-Monroe

All Undergraduate Students Financial Aid Over Time

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

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