How Faust Institute of Cosmetology-Spirit Lake's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Faust Institute of Cosmetology-Spirit Lake since 2013.

For that period, the average number of students who received grants aid/scholarships is 15, which is 71.78 % of all undergraduate students. 14 students which is 71.11% of undergraduate students received federal student loans and the average loan amount is $6,106.

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	23 (85%)	$4,154	18 (67%)	$4,652	16 (59%)	$6,683
2014-15	16 (64%)	$4,296	16 (64%)	$4,178	15 (60%)	$7,160
2015-16	12 (67%)	$5,581	12 (67%)	$5,090	12 (67%)	$8,416
2016-17	11 (58%)	$3,923	9 (47%)	$4,279	9 (47%)	$8,015
2017-18	8 (47%)	$5,138	7 (41%)	$5,408	14 (82%)	$5,509
2018-19	12 (92%)	$4,995	10 (77%)	$5,344	12 (92%)	$5,211
2019-20	13 (93%)	$6,301	13 (93%)	$5,924	13 (93%)	$4,359
2020-21	21 (78%)	$4,088	20 (74%)	$3,911	20 (74%)	$5,421
2021-22	18 (62%)	$6,269	17 (59%)	$6,010	19 (66%)	$4,181
Average	15 (71.78%)	$4,972	14 (65.44%)	$4,977	14 (71.11%)	$6,106

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

Overview

For the last 10 years, on average, 5 (77.78 % of students) received grants or scholarships and its average amount is $5,597. It can cover 43.05% of tuition & fees ($13,000).

In addition, 4 (74.00 % of students) students get helped from the students loans (average amount : $6,355).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	8 (80%)	$3,828	8 (80%)	$6,408
2014-15	4 (80%)	$4,773	5 (100%)	$5,218
2015-16	1 (33%)	$6,275	1 (33%)	$9,400
2016-17	2 (50%)	$3,508	4 (100%)	$9,214
2017-18	4 (67%)	$5,618	5 (83%)	$5,677
2018-19	3 (100%)	$8,273	2 (67%)	$4,454
2019-20	7 (100%)	$7,501	6 (86%)	$5,943
2020-21	6 (100%)	$5,035	4 (67%)	$5,789
2021-22	9 (90%)	$5,560	5 (50%)	$5,092
Average	5 (77.78%)	$5,597	4 (74.00%)	$6,355

^*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, 5 (72.78 % of students) received Pell (federal) grants and its average amount is $5,341.

In addition, 2 students received State/local government grants/scholarships (25.33 % of students).

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	7 (70%)	$4,028	4 (40%)	$211	2 (20%)	$200	6 (60%)	$197
2014-15	4 (80%)	$4,298	4 (80%)	$282	2 (40%)	$200	4 (80%)	$94
2015-16	1 (33%)	$5,775	1 (33%)	$375	-	-	1 (33%)	$125
2016-17	1 (25%)	$5,765	1 (25%)	$188	1 (25%)	$500	2 (50%)	$281
2017-18	4 (67%)	$5,180	4 (67%)	$328	-	-	4 (67%)	$109
2018-19	3 (100%)	$6,106	3 (100%)	$500	1 (33%)	$5,000	-	-
2019-20	7 (100%)	$7,001	5 (71%)	$500	1 (14%)	$500	1 (14%)	$500
2020-21	6 (100%)	$4,686	5 (83%)	$419	-	-	-	-
2021-22	8 (80%)	$5,234	8 (80%)	$419	2 (20%)	$1,100	9 (90%)	$291
Average	5 (72.78%)	$5,341	4 (64.33%)	$358	2 (25.33%)	$1,250	4 (56.29%)	$228

^*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, 4 (74.00 % of students) get any students loan help and its average loan amount is $4.

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	8 (80%)	$6,408	8 (80%)	$6,408	-	-
2014-15	5 (100%)	$5,218	5 (100%)	$5,218	-	-
2015-16	1 (33%)	$9,400	1 (33%)	$9,400	-	-
2016-17	4 (100%)	$9,214	4 (100%)	$9,214	-	-
2017-18	5 (83%)	$5,677	5 (83%)	$5,677	-	-
2018-19	2 (67%)	$4,454	2 (67%)	$4,454	-	-
2019-20	6 (86%)	$5,943	6 (86%)	$5,943	-	-
2020-21	4 (67%)	$5,789	4 (67%)	$5,789	-	-
2021-22	5 (50%)	$5,092	5 (50%)	$5,092	-	-
Average	4 (74.00%)	$6,355	4 (74.00%)	$6,355	-	-

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Scholarships, Grants, and Loan Trends at Faust Institute of Cosmetology-Spirit Lake

All Undergraduate Students Financial Aid Over Time

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