How Michigan College of Beauty-Troy'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-Troy since 2011.

For that period, the average number of students who received grants aid/scholarships is 339, which is 83.82 % of all undergraduate students. 311 students which is 76.36% of undergraduate students received federal student loans and the average loan amount is $5,833.

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	269 (70%)	$4,804	248 (65%)	$4,013	256 (67%)	$6,780
2012-13	296 (94%)	$4,167	255 (81%)	$4,257	276 (88%)	$8,062
2013-14	221 (71%)	$4,506	203 (65%)	$4,279	229 (74%)	$6,422
2014-15	364 (100%)	$5,225	263 (72%)	$4,812	288 (79%)	$7,536
2015-16	374 (100%)	$2,751	228 (61%)	$3,382	258 (69%)	$5,168
2016-17	416 (100%)	$7,134	298 (72%)	$3,940	329 (79%)	$5,452
2017-18	419 (100%)	$8,767	310 (74%)	$4,449	346 (83%)	$6,631
2018-19	295 (67%)	$4,526	295 (67%)	$3,326	290 (66%)	$5,616
2019-20	375 (77%)	$3,947	375 (77%)	$3,947	421 (86%)	$5,230
2020-21	398 (77%)	$8,061	345 (67%)	$4,330	381 (74%)	$4,500
2021-22	305 (66%)	$5,084	305 (66%)	$1,939	347 (75%)	$2,764
Average	339 (83.82%)	$5,361	284 (69.73%)	$3,879	311 (76.36%)	$5,833

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

For the last 12 years, on average, 203 (81.55 % of students) received grants or scholarships and its average amount is $4,307. It can cover 20.03% of tuition & fees ($21,500).

In addition, 183 (72.73 % of students) students get helped from the students loans (average amount : $6,591).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	187 (83%)	$5,112	179 (80%)	$6,748
2012-13	185 (74%)	$4,578	159 (64%)	$8,062
2013-14	193 (73%)	$4,563	183 (69%)	$8,037
2014-15	218 (100%)	$3,265	174 (80%)	$7,229
2015-16	195 (100%)	$2,699	93 (48%)	$6,395
2016-17	276 (100%)	$3,535	216 (78%)	$5,303
2017-18	275 (100%)	$5,312	225 (82%)	$7,127
2018-19	137 (59%)	$5,099	136 (58%)	$6,161
2019-20	213 (73%)	$4,537	247 (85%)	$5,923
2020-21	191 (69%)	$4,953	217 (79%)	$6,301
2021-22	159 (66%)	$3,720	184 (77%)	$5,213
Average	203 (81.55%)	$4,307	183 (72.73%)	$6,591

^*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, 168 (66.73 % of students) received Pell (federal) grants and its average amount is $4,437.

In addition, 6 students received State/local government grants/scholarships (2.00 % 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	168 (75%)	$4,931	-	-	5 (2%)	$500	125 (56%)	$1,000
2012-13	166 (67%)	$4,236	2 (1%)	$1,000	6 (2%)	$500	185 (74%)	$750
2013-14	181 (69%)	$4,332	-	-	-	-	193 (73%)	$500
2014-15	121 (56%)	$4,982	-	-	-	-	218 (100%)	$500
2015-16	101 (52%)	$4,246	-	-	-	-	195 (100%)	$500
2016-17	199 (72%)	$4,210	-	-	-	-	276 (100%)	$500
2017-18	208 (76%)	$4,869	-	-	-	-	275 (100%)	$1,629
2018-19	137 (59%)	$3,796	-	-	-	-	137 (59%)	$1,303
2019-20	213 (73%)	$4,537	-	-	-	-	-	-
2020-21	191 (69%)	$4,953	-	-	-	-	-	-
2021-22	159 (66%)	$3,720	-	-	-	-	-	-
Average	168 (66.73%)	$4,437	2 (1.00%)	$1,000	6 (2.00%)	$500	201 (82.75%)	$835

^*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, 183 (72.73 % of students) get any students loan help and its average loan amount is $183.

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	179 (80%)	$6,748	179 (80%)	$6,748	-	-
2012-13	159 (64%)	$8,062	159 (64%)	$8,062	-	-
2013-14	183 (69%)	$8,037	183 (69%)	$8,037	-	-
2014-15	174 (80%)	$7,229	174 (80%)	$7,229	-	-
2015-16	93 (48%)	$6,395	93 (48%)	$6,395	-	-
2016-17	216 (78%)	$5,303	216 (78%)	$5,303	-	-
2017-18	225 (82%)	$7,127	225 (82%)	$7,127	-	-
2018-19	136 (58%)	$6,161	136 (58%)	$6,161	-	-
2019-20	247 (85%)	$5,923	247 (85%)	$5,923	-	-
2020-21	217 (79%)	$6,301	217 (79%)	$6,301	-	-
2021-22	184 (77%)	$5,213	184 (77%)	$5,213	-	-
Average	183 (72.73%)	$6,591	183 (72.73%)	$6,591	-	-

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

All Undergraduate Students Financial Aid Over Time

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

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