Scholarships, Grants, and Loan Trends at Elite Academy of Hair Design

Over the past 6 years (2017-2022), the average number of students who received grants aid/scholarships is 37, which is 55.40 % of all undergraduate students. 39 students which is 56.20% of undergraduate students received federal student loans and the average loan amount is $3,922.

For full-time, first-time beginning students (freshmen), 49.40% of students received grants or scholarships and 63% of students received student loans.

School Home 2023 Financial Aid

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Elite Academy of Hair Design since 2017.

For that period, the average number of students who received grants aid/scholarships is 37, which is 55.40 % of all undergraduate students. 39 students which is 56.20% of undergraduate students received federal student loans and the average loan amount is $3,922.

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
2017-18	2 (7%)	$2,248	2 (7%)	$2,248	1 (3%)	$1,485
2018-19	24 (51%)	$5,354	23 (49%)	$5,500	26 (55%)	$3,212
2019-20	45 (78%)	$6,314	27 (47%)	$4,521	36 (62%)	$4,502
2020-21	62 (77%)	$6,057	36 (44%)	$3,936	55 (68%)	$4,251
2021-22	54 (64%)	$3,793	54 (64%)	$3,793	79 (93%)	$6,162
Average	37 (55.40%)	$4,753	28 (42.20%)	$4,000	39 (56.20%)	$3,922

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

Overview

For the last 6 years, on average, 12 (49.40 % of students) received grants or scholarships and its average amount is $3,912. It can cover 23.01% of tuition & fees ($17,000).

In addition, 16 (62.50 % of students) students get helped from the students loans (average amount : $4,426).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2017-18	2 (20%)	$2,248	-	-
2018-19	12 (60%)	$5,471	11 (55%)	$4,217
2019-20	11 (50%)	$4,248	12 (55%)	$4,666
2020-21	13 (48%)	$3,827	14 (52%)	$4,686
2021-22	22 (69%)	$3,768	28 (88%)	$4,134
Average	12 (49.40%)	$3,912	16 (62.50%)	$4,426

^*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 6 years, on average, 12 (48.40 % of students) received Pell (federal) grants and its average amount is $3,975.

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
2017-18	2 (20%)	$2,248	-	-	-	-	-	-
2018-19	11 (55%)	$5,786	-	-	-	-	2 (10%)	$1,000
2019-20	11 (50%)	$4,248	-	-	-	-	-	-
2020-21	13 (48%)	$3,827	-	-	-	-	-	-
2021-22	22 (69%)	$3,768	-	-	-	-	-	-
Average	12 (48.40%)	$3,975	-	-	-	-	2 (10.00%)	$1,000

^*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 6 years, on average, 16 (62.50 % of students) get any students loan help and its average loan amount is $16.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2017-18	-	-	-	-	-	-
2018-19	11 (55%)	$4,217	11 (55%)	$4,217	-	-
2019-20	12 (55%)	$4,666	12 (55%)	$4,666	-	-
2020-21	14 (52%)	$4,686	14 (52%)	$4,686	-	-
2021-22	28 (88%)	$4,134	28 (88%)	$4,134	-	-
Average	16 (62.50%)	$4,426	16 (62.50%)	$4,426	-	-

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