Scholarships, Grants, and Loan Trends at PHD Academy

-11%

Received Percent Changed

$534

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 41, which is 51.56 % of all undergraduate students. 36 students which is 46.11% of undergraduate students received federal student loans and the average loan amount is $7,089.

For full-time, first-time beginning students (freshmen), 67.67% of students received grants or scholarships and 77% 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 The Professional Hair Design Academy since 2014.

For that period, the average number of students who received grants aid/scholarships is 41, which is 51.56 % of all undergraduate students. 36 students which is 46.11% of undergraduate students received federal student loans and the average loan amount is $7,089.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1554 (53%)$4,01154 (53%)$3,81650 (49%)$6,494
2015-1636 (47%)$3,84136 (47%)$3,84135 (45%)$7,330
2016-1737 (49%)$3,84737 (49%)$3,84741 (55%)$7,341
2017-1833 (49%)$4,82233 (49%)$4,82228 (42%)$6,534
2018-1937 (53%)$3,93537 (53%)$3,93534 (49%)$6,902
2019-2025 (44%)$3,25123 (40%)$3,36019 (33%)$5,602
2020-2146 (75%)$3,87233 (54%)$4,66243 (70%)$8,619
2021-2252 (52%)$5,30750 (50%)$5,08136 (36%)$7,531
2022-2345 (42%)$4,54543 (40%)$4,66338 (36%)$7,450
Average41 (51.56%)$4,15938 (48.33%)$4,22536 (46.11%)$7,089
*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, 7 (67.67 % of students) received grants or scholarships and its average amount is $4,731. It can cover 39.76% of tuition & fees ($11,900).

In addition, 8 (76.67 % of students) students get helped from the students loans (average amount : $6,191).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-154 (57%)$2,4556 (86%)$5,167
2015-168 (50%)$3,75311 (69%)$5,141
2016-178 (73%)$4,54210 (91%)$4,870
2017-1810 (83%)$5,87210 (83%)$5,420
2018-197 (70%)$5,5667 (70%)$4,343
2019-204 (100%)$2,5493 (75%)$4,866
2020-217 (64%)$5,8389 (82%)$8,556
2021-2210 (83%)$5,5417 (58%)$8,935
2022-235 (29%)$6,46513 (76%)$8,423
Average7 (67.67%)$4,7318 (76.67%)$6,191
*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, 7 (61.22 % of students) received Pell (federal) grants and its average amount is $4,782.

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
2014-154 (57%)$2,455------
2015-168 (50%)$3,753------
2016-178 (73%)$4,542------
2017-1810 (83%)$5,872------
2018-197 (70%)$5,566------
2019-202 (50%)$3,098----2 (50%)$2,000
2020-217 (64%)$5,552----2 (18%)$1,000
2021-229 (75%)$5,934----2 (17%)$1,000
2022-235 (29%)$6,265----1 (6%)$1,000
Average7 (61.22%)$4,782----2 (22.75%)$1,250
*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, 8 (76.67 % of students) get any students loan help and its average loan amount is $8.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-156 (86%)$5,1676 (86%)$5,167--
2015-1611 (69%)$5,14111 (69%)$5,141--
2016-1710 (91%)$4,87010 (91%)$4,870--
2017-1810 (83%)$5,42010 (83%)$5,420--
2018-197 (70%)$4,3437 (70%)$4,343--
2019-203 (75%)$4,8663 (75%)$4,866--
2020-219 (82%)$8,5569 (82%)$8,556--
2021-227 (58%)$8,9357 (58%)$8,935--
2022-2313 (76%)$8,42313 (76%)$8,423--
Average8 (76.67%)$6,1918 (76.67%)$6,191--

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