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

Over the past 10 years (2013-2022), 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.
For full-time, first-time beginning students (freshmen), 77.78% of students received grants or scholarships and 74% of students received student loans.

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.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1423 (85%)$4,15418 (67%)$4,65216 (59%)$6,683
2014-1516 (64%)$4,29616 (64%)$4,17815 (60%)$7,160
2015-1612 (67%)$5,58112 (67%)$5,09012 (67%)$8,416
2016-1711 (58%)$3,9239 (47%)$4,2799 (47%)$8,015
2017-188 (47%)$5,1387 (41%)$5,40814 (82%)$5,509
2018-1912 (92%)$4,99510 (77%)$5,34412 (92%)$5,211
2019-2013 (93%)$6,30113 (93%)$5,92413 (93%)$4,359
2020-2121 (78%)$4,08820 (74%)$3,91120 (74%)$5,421
2021-2218 (62%)$6,26917 (59%)$6,01019 (66%)$4,181
Average15 (71.78%)$4,97214 (65.44%)$4,97714 (71.11%)$6,106

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-148 (80%)$3,8288 (80%)$6,408
2014-154 (80%)$4,7735 (100%)$5,218
2015-161 (33%)$6,2751 (33%)$9,400
2016-172 (50%)$3,5084 (100%)$9,214
2017-184 (67%)$5,6185 (83%)$5,677
2018-193 (100%)$8,2732 (67%)$4,454
2019-207 (100%)$7,5016 (86%)$5,943
2020-216 (100%)$5,0354 (67%)$5,789
2021-229 (90%)$5,5605 (50%)$5,092
Average5 (77.78%)$5,5974 (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.
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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-147 (70%)$4,0284 (40%)$2112 (20%)$2006 (60%)$197
2014-154 (80%)$4,2984 (80%)$2822 (40%)$2004 (80%)$94
2015-161 (33%)$5,7751 (33%)$375--1 (33%)$125
2016-171 (25%)$5,7651 (25%)$1881 (25%)$5002 (50%)$281
2017-184 (67%)$5,1804 (67%)$328--4 (67%)$109
2018-193 (100%)$6,1063 (100%)$5001 (33%)$5,000--
2019-207 (100%)$7,0015 (71%)$5001 (14%)$5001 (14%)$500
2020-216 (100%)$4,6865 (83%)$419----
2021-228 (80%)$5,2348 (80%)$4192 (20%)$1,1009 (90%)$291
Average5 (72.78%)$5,3414 (64.33%)$3582 (25.33%)$1,2504 (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..
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.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-148 (80%)$6,4088 (80%)$6,408--
2014-155 (100%)$5,2185 (100%)$5,218--
2015-161 (33%)$9,4001 (33%)$9,400--
2016-174 (100%)$9,2144 (100%)$9,214--
2017-185 (83%)$5,6775 (83%)$5,677--
2018-192 (67%)$4,4542 (67%)$4,454--
2019-206 (86%)$5,9436 (86%)$5,943--
2020-214 (67%)$5,7894 (67%)$5,789--
2021-225 (50%)$5,0925 (50%)$5,092--
Average4 (74.00%)$6,3554 (74.00%)$6,355--
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