How Formations Institute of Cosmetology & Barbering'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 Formations Institute of Cosmetology & Barbering since 2013.

For that period, the average number of students who received grants aid/scholarships is 38, which is 71.67 % of all undergraduate students. 37 students which is 68.89% of undergraduate students received federal student loans and the average loan amount is $5,274.

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	28 (55%)	$3,532	26 (51%)	$3,552	30 (59%)	$5,478
2014-15	33 (58%)	$3,368	33 (58%)	$3,256	33 (58%)	$4,223
2015-16	29 (67%)	$4,595	29 (67%)	$4,595	26 (60%)	$6,210
2016-17	41 (77%)	$4,507	37 (70%)	$4,312	36 (68%)	$5,322
2017-18	41 (95%)	$2,616	41 (95%)	$2,616	40 (93%)	$3,966
2018-19	26 (74%)	$6,055	26 (74%)	$6,055	27 (77%)	$7,246
2019-20	54 (92%)	$4,195	48 (81%)	$3,976	47 (80%)	$5,988
2020-21	36 (56%)	$3,458	32 (50%)	$3,710	37 (58%)	$3,964
2021-22	56 (71%)	$3,969	52 (66%)	$3,916	53 (67%)	$5,068
Average	38 (71.67%)	$4,033	36 (68.00%)	$3,999	37 (68.89%)	$5,274

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

Overview

For the last 10 years, on average, 21 (71.56 % of students) received grants or scholarships and its average amount is $3,887. It can cover 22.53% of tuition & fees ($17,250).

In addition, 19 (64.67 % of students) students get helped from the students loans (average amount : $4,982).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	17 (55%)	$3,438	16 (52%)	$5,109
2014-15	19 (58%)	$3,881	16 (48%)	$5,605
2015-16	10 (50%)	$4,604	11 (55%)	$3,954
2016-17	21 (70%)	$3,928	20 (67%)	$4,944
2017-18	28 (93%)	$2,542	27 (90%)	$4,178
2018-19	18 (86%)	$4,066	14 (67%)	$4,720
2019-20	27 (93%)	$4,195	22 (76%)	$7,113
2020-21	24 (67%)	$3,909	23 (64%)	$4,548
2021-22	23 (72%)	$4,421	20 (63%)	$4,663
Average	21 (71.56%)	$3,887	19 (64.67%)	$4,982

^*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, 20 (68.22 % of students) received Pell (federal) grants and its average amount is $3,934.

In addition, 2 students received State/local government grants/scholarships (6.50 % 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	17 (55%)	$3,317	-	-	2 (6%)	$1,023	-	-
2014-15	19 (58%)	$3,685	-	-	2 (6%)	$1,861	-	-
2015-16	10 (50%)	$4,604	-	-	-	-	-	-
2016-17	20 (67%)	$3,927	-	-	-	-	1 (3%)	$3,950
2017-18	28 (93%)	$2,542	-	-	-	-	-	-
2018-19	18 (86%)	$4,066	-	-	-	-	-	-
2019-20	24 (83%)	$4,435	-	-	1 (3%)	$2,000	2 (7%)	$2,413
2020-21	20 (56%)	$4,401	-	-	4 (11%)	$1,448	-	-
2021-22	21 (66%)	$4,425	-	-	-	-	4 (13%)	$2,188
Average	20 (68.22%)	$3,934	-	-	2 (6.50%)	$1,583	2 (7.67%)	$2,850

^*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, 19 (64.67 % of students) get any students loan help and its average loan amount is $19.

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	16 (52%)	$5,109	16 (52%)	$5,109	-	-
2014-15	16 (48%)	$5,605	16 (48%)	$5,605	-	-
2015-16	11 (55%)	$3,954	11 (55%)	$3,954	-	-
2016-17	20 (67%)	$4,944	20 (67%)	$4,944	-	-
2017-18	27 (90%)	$4,178	27 (90%)	$4,178	-	-
2018-19	14 (67%)	$4,720	14 (67%)	$4,720	-	-
2019-20	22 (76%)	$7,113	22 (76%)	$7,113	-	-
2020-21	23 (64%)	$4,548	23 (64%)	$4,548	-	-
2021-22	20 (63%)	$4,663	20 (63%)	$4,663	-	-
Average	19 (64.67%)	$4,982	19 (64.67%)	$4,982	-	-

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Scholarships, Grants, and Loan Trends at Formations Institute of Cosmetology & Barbering

All Undergraduate Students Financial Aid Over Time

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