Scholarships, Grants, and Loan Trends at Elevate Salon Institute

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 94, which is 52.22 % of all undergraduate students. 100 students which is 55.56% of undergraduate students received federal student loans and the average loan amount is $6,995.

For full-time, first-time beginning students (freshmen), 66.44% of students received grants or scholarships and 76% of students received student loans.

School Home 2023 Financial Aid

There are multiple same-named institutes of Elevate Salon Institute. This page describes a school located in Royal Oak, MI. You may want to view a school located in another city and/or state on the Elevate Salon Institute locations page.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Elevate Salon Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 94, which is 52.22 % of all undergraduate students. 100 students which is 55.56% of undergraduate students received federal student loans and the average loan amount is $6,995.

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
2013-14	134 (44%)	$1,528	134 (44%)	$1,528	139 (46%)	$2,244
2014-15	128 (54%)	$3,686	128 (54%)	$3,684	123 (51%)	$7,889
2015-16	77 (48%)	$3,861	77 (48%)	$3,861	78 (49%)	$8,012
2016-17	51 (53%)	$3,746	51 (53%)	$3,746	50 (52%)	$7,636
2017-18	67 (63%)	$4,360	65 (61%)	$4,171	76 (72%)	$9,121
2018-19	98 (64%)	$4,056	94 (61%)	$4,079	98 (64%)	$7,876
2019-20	113 (59%)	$4,219	111 (58%)	$4,045	125 (65%)	$7,013
2020-21	94 (45%)	$4,080	94 (45%)	$3,973	93 (45%)	$7,467
2021-22	86 (40%)	$4,465	86 (40%)	$4,465	119 (56%)	$5,699
Average	94 (52.22%)	$3,778	93 (51.56%)	$3,728	100 (55.56%)	$6,995

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

Overview

For the last 10 years, on average, 24 (66.44 % of students) received grants or scholarships and its average amount is $4,335. It can cover 41.92% of tuition & fees ($10,341).

In addition, 28 (76.22 % of students) students get helped from the students loans (average amount : $8,126).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	57 (37%)	$3,565	57 (37%)	$5,424
2014-15	33 (73%)	$3,820	38 (84%)	$8,454
2015-16	25 (89%)	$4,056	24 (86%)	$8,444
2016-17	7 (88%)	$4,166	7 (88%)	$6,738
2017-18	18 (75%)	$5,299	22 (92%)	$11,471
2018-19	24 (67%)	$4,406	30 (83%)	$9,019
2019-20	22 (55%)	$4,706	32 (80%)	$7,567
2020-21	20 (57%)	$4,907	25 (71%)	$8,346
2021-22	13 (57%)	$4,089	15 (65%)	$7,675
Average	24 (66.44%)	$4,335	28 (76.22%)	$8,126

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 24 (66.44 % of students) received Pell (federal) grants and its average amount is $4,335.

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
2013-14	57 (37%)	$3,565	-	-	-	-	-	-
2014-15	33 (73%)	$3,820	-	-	-	-	-	-
2015-16	25 (89%)	$4,056	-	-	-	-	-	-
2016-17	7 (88%)	$4,166	-	-	-	-	-	-
2017-18	18 (75%)	$5,299	-	-	-	-	-	-
2018-19	24 (67%)	$4,406	-	-	-	-	-	-
2019-20	22 (55%)	$4,706	-	-	-	-	-	-
2020-21	20 (57%)	$4,907	-	-	-	-	-	-
2021-22	13 (57%)	$4,089	-	-	-	-	-	-
Average	24 (66.44%)	$4,335	-	-	-	-	-	-

^*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..

Student Loans

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, 28 (76.22 % of students) get any students loan help and its average loan amount is $28.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	57 (37%)	$5,424	57 (37%)	$5,424	-	-
2014-15	38 (84%)	$8,454	38 (84%)	$8,454	-	-
2015-16	24 (86%)	$8,444	24 (86%)	$8,444	-	-
2016-17	7 (88%)	$6,738	7 (88%)	$6,738	-	-
2017-18	22 (92%)	$11,471	22 (92%)	$11,471	-	-
2018-19	30 (83%)	$9,019	30 (83%)	$9,019	-	-
2019-20	32 (80%)	$7,567	32 (80%)	$7,567	-	-
2020-21	25 (71%)	$8,346	25 (71%)	$8,346	-	-
2021-22	15 (65%)	$7,675	15 (65%)	$7,675	-	-
Average	28 (76.22%)	$8,126	28 (76.22%)	$8,126	-	-

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