Scholarships, Grants, and Loan Trends at Salon Boutique Academy

32%

Received Percent Changed

$1,463

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 85, which is 38.00 % of all undergraduate students. 112 students which is 47.13% of undergraduate students received federal student loans and the average loan amount is $5,333.

For full-time, first-time beginning students (freshmen), 53.67% of students received grants or scholarships and 57% 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 Salon Boutique Academy since 2014.

For that period, the average number of students who received grants aid/scholarships is 85, which is 38.00 % of all undergraduate students. 112 students which is 47.13% of undergraduate students received federal student loans and the average loan amount is $5,333.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1514 (15%)$1,952----
2015-1654 (45%)$2,95945 (37%)$2,77043 (36%)$5,878
2016-1782 (38%)$3,34982 (38%)$3,349105 (48%)$5,476
2017-1864 (32%)$3,49964 (32%)$3,49966 (33%)$5,721
2018-1971 (37%)$3,69471 (37%)$3,69488 (46%)$5,459
2019-20127 (51%)$3,508107 (43%)$3,702136 (55%)$5,719
2020-2199 (37%)$3,99492 (34%)$3,368126 (47%)$5,317
2021-22118 (40%)$3,113118 (40%)$3,113167 (56%)$4,576
2022-23139 (47%)$3,415137 (47%)$3,418166 (56%)$4,518
Average85 (38.00%)$3,27690 (38.50%)$3,364112 (47.13%)$5,333
*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, 18 (53.67 % of students) received grants or scholarships and its average amount is $3,844. It can cover 32.44% of tuition & fees ($11,850).

In addition, 20 (57.33 % of students) students get helped from the students loans (average amount : $5,922).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1514 (39%)$1,95218 (50%)$5,422
2015-1615 (63%)$4,02714 (58%)$4,621
2016-1723 (61%)$4,89428 (74%)$6,177
2017-1838 (72%)$5,34642 (79%)$7,564
2018-1924 (63%)$5,31427 (71%)$7,980
2019-2023 (49%)$3,38624 (51%)$6,281
2020-2114 (39%)$3,05813 (36%)$4,656
2021-228 (47%)$3,19710 (59%)$5,763
2022-234 (50%)$3,4193 (38%)$4,830
Average18 (53.67%)$3,84420 (57.33%)$5,922
*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, 17 (49.88 % of students) received Pell (federal) grants and its average amount is $4,284.

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
2014-15------14 (39%)$1,952
2015-168 (33%)$5,076----8 (33%)$2,476
2016-1723 (61%)$4,894------
2017-1838 (72%)$5,346------
2018-1924 (63%)$5,314------
2019-2019 (40%)$3,9034 (9%)$932----
2020-2112 (33%)$3,1204 (11%)$1,342----
2021-228 (47%)$3,197------
2022-234 (50%)$3,419------
Average17 (49.88%)$4,2844 (10.00%)$1,137--11 (36.00%)$2,214
*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, 20 (57.33 % of students) get any students loan help and its average loan amount is $20.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1518 (50%)$5,422--18 (50%)$5,422
2015-1614 (58%)$4,62114 (58%)$4,621--
2016-1728 (74%)$6,17728 (74%)$6,177--
2017-1842 (79%)$7,56442 (79%)$7,564--
2018-1927 (71%)$7,98027 (71%)$7,980--
2019-2024 (51%)$6,28124 (51%)$6,281--
2020-2113 (36%)$4,65613 (36%)$4,656--
2021-2210 (59%)$5,76310 (59%)$5,763--
2022-233 (38%)$4,8303 (38%)$4,830--
Average20 (57.33%)$5,92220 (58.25%)$5,98418 (50.00%)$5,422

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