Scholarships, Grants, and Loan Trends at Paramount Beauty Academy

-13%

Received Percent Changed

-$3,731

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 55, which is 67.44 % of all undergraduate students. 47 students which is 59.44% of undergraduate students received federal student loans and the average loan amount is $6,595.

For full-time, first-time beginning students (freshmen), 73.78% of students received grants or scholarships and 61% 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 Paramount Beauty Academy since 2014.

For that period, the average number of students who received grants aid/scholarships is 55, which is 67.44 % of all undergraduate students. 47 students which is 59.44% of undergraduate students received federal student loans and the average loan amount is $6,595.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1595 (71%)$7,70793 (69%)$3,27586 (64%)$4,972
2015-1656 (58%)$4,23856 (58%)$3,95358 (60%)$6,841
2016-1756 (71%)$3,02650 (63%)$3,18245 (57%)$5,992
2017-1840 (69%)$3,91835 (60%)$4,33137 (64%)$6,311
2018-1941 (73%)$10,96341 (73%)$3,72641 (73%)$6,391
2019-2080 (90%)$4,62742 (47%)$4,34237 (42%)$6,979
2020-2143 (65%)$4,20437 (56%)$4,61641 (62%)$10,047
2021-2242 (52%)$5,12833 (41%)$6,42033 (41%)$6,589
2022-2339 (58%)$3,97639 (58%)$3,91148 (72%)$5,235
Average55 (67.44%)$5,31047 (58.33%)$4,19547 (59.44%)$6,595
*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, 39 (73.78 % of students) received grants or scholarships and its average amount is $3,464. It can cover 14.99% of tuition & fees ($23,107).

In addition, 33 (60.89 % of students) students get helped from the students loans (average amount : $6,155).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1559 (76%)$4,18752 (67%)$5,351
2015-1645 (79%)$2,43729 (51%)$6,113
2016-1736 (88%)$2,77622 (54%)$5,502
2017-1816 (67%)$3,38614 (58%)$5,630
2018-1934 (74%)$3,93931 (67%)$6,068
2019-2046 (87%)$3,92437 (70%)$6,515
2020-2143 (68%)$4,16039 (62%)$7,840
2021-2235 (50%)$2,38931 (44%)$5,934
2022-2339 (75%)$3,97639 (75%)$6,442
Average39 (73.78%)$3,46433 (60.89%)$6,155
*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, 37 (69.78 % of students) received Pell (federal) grants and its average amount is $3,282.

In addition, 5 students received State/local government grants/scholarships (9.60 % 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
2014-1559 (76%)$3,364--7 (9%)$2,3688 (10%)$3,999
2015-1645 (79%)$2,223--2 (4%)$2,8112 (4%)$2,000
2016-1731 (76%)$2,889--2 (5%)$3,1783 (7%)$1,333
2017-1816 (67%)$3,066----3 (13%)$1,709
2018-1934 (74%)$3,033--8 (17%)$2,6347 (15%)$1,391
2019-2040 (75%)$4,060--7 (13%)$2,0178 (15%)$500
2020-2137 (59%)$4,564----9 (14%)$1,111
2021-2233 (47%)$2,428----2 (3%)$1,750
2022-2339 (75%)$3,911----3 (6%)$833
Average37 (69.78%)$3,282--5 (9.60%)$2,6025 (9.67%)$1,625
*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, 33 (60.89 % of students) get any students loan help and its average loan amount is $33.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1552 (67%)$5,35152 (67%)$5,351--
2015-1629 (51%)$6,11329 (51%)$6,113--
2016-1722 (54%)$5,50222 (54%)$5,502--
2017-1814 (58%)$5,63014 (58%)$5,630--
2018-1931 (67%)$6,06831 (67%)$6,068--
2019-2037 (70%)$6,51537 (70%)$6,515--
2020-2139 (62%)$7,84039 (62%)$7,840--
2021-2231 (44%)$5,93431 (44%)$5,934--
2022-2339 (75%)$6,44239 (75%)$6,442--
Average33 (60.89%)$6,15533 (60.89%)$6,155--

Ratings & Review

Share your experiences and thoughts about Paramount Beauty Academy. It will be a great help to applicants and prospective students!