Scholarships, Grants, and Loan Trends at Hair Academy

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 521, which is 73.89 % of all undergraduate students. 554 students which is 78.67% of undergraduate students received federal student loans and the average loan amount is $2,745.

For full-time, first-time beginning students (freshmen), 94.78% of students received grants or scholarships and 94% of students received student loans.

School Home 2023 Financial Aid

There are multiple same-named institutes of Hair Academy. This page describes a school located in New Carrollton, MD. You may want to view a school located in another city and/or state on the Hair Academy 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 Hair Academy since 2013.

For that period, the average number of students who received grants aid/scholarships is 521, which is 73.89 % of all undergraduate students. 554 students which is 78.67% of undergraduate students received federal student loans and the average loan amount is $2,745.

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	739 (100%)	$2,747	721 (98%)	$2,765	739 (100%)	$3,275
2014-15	707 (100%)	$2,151	586 (83%)	$2,542	707 (100%)	$2,438
2015-16	693 (92%)	$2,345	642 (85%)	$2,325	569 (75%)	$3,039
2016-17	577 (82%)	$2,252	577 (82%)	$2,235	679 (97%)	$2,263
2017-18	597 (82%)	$2,300	597 (82%)	$2,283	703 (96%)	$2,431
2018-19	625 (81%)	$2,428	625 (81%)	$2,410	739 (96%)	$2,442
2019-20	517 (79%)	$2,371	517 (79%)	$2,324	619 (95%)	$2,559
2020-21	107 (20%)	$2,646	107 (20%)	$2,451	101 (19%)	$3,161
2021-22	126 (29%)	$2,511	126 (29%)	$2,218	132 (30%)	$3,093
Average	521 (73.89%)	$2,417	500 (71.00%)	$2,395	554 (78.67%)	$2,745

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

Overview

For the last 10 years, on average, 404 (94.78 % of students) received grants or scholarships and its average amount is $2,598. It can cover 12.02% of tuition & fees ($21,620).

In addition, 399 (94.00 % of students) students get helped from the students loans (average amount : $3,266).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	502 (100%)	$2,600	451 (90%)	$3,152
2014-15	569 (100%)	$2,627	569 (100%)	$3,008
2015-16	502 (91%)	$2,648	480 (87%)	$3,602
2016-17	399 (98%)	$2,780	402 (99%)	$3,574
2017-18	462 (96%)	$2,804	470 (98%)	$3,404
2018-19	539 (96%)	$2,676	549 (98%)	$3,205
2019-20	431 (96%)	$2,636	441 (98%)	$3,233
2020-21	107 (85%)	$2,306	101 (80%)	$3,078
2021-22	122 (91%)	$2,303	128 (96%)	$3,139
Average	404 (94.78%)	$2,598	399 (94.00%)	$3,266

^*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, 404 (94.78 % of students) received Pell (federal) grants and its average amount is $2,562.

In addition, 19 students received State/local government grants/scholarships (6.78 % 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	502 (100%)	$2,572	-	-	28 (6%)	$500	-	-
2014-15	569 (100%)	$2,618	-	-	10 (2%)	$500	-	-
2015-16	502 (91%)	$2,639	-	-	9 (2%)	$500	-	-
2016-17	399 (98%)	$2,756	-	-	19 (5%)	$500	-	-
2017-18	462 (96%)	$2,782	-	-	20 (4%)	$500	-	-
2018-19	539 (96%)	$2,660	-	-	18 (3%)	$500	-	-
2019-20	431 (96%)	$2,612	-	-	21 (5%)	$500	-	-
2020-21	107 (85%)	$2,194	-	-	24 (19%)	$500	-	-
2021-22	122 (91%)	$2,221	-	-	20 (15%)	$500	-	-
Average	404 (94.78%)	$2,562	-	-	19 (6.78%)	$500	-	-

^*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, 399 (94.00 % of students) get any students loan help and its average loan amount is $399.

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	451 (90%)	$3,152	451 (90%)	$3,152	-	-
2014-15	569 (100%)	$3,008	569 (100%)	$3,008	-	-
2015-16	480 (87%)	$3,602	480 (87%)	$3,602	-	-
2016-17	402 (99%)	$3,574	402 (99%)	$3,574	-	-
2017-18	470 (98%)	$3,404	470 (98%)	$3,404	-	-
2018-19	549 (98%)	$3,205	549 (98%)	$3,205	-	-
2019-20	441 (98%)	$3,233	441 (98%)	$3,233	-	-
2020-21	101 (80%)	$3,078	101 (80%)	$3,078	-	-
2021-22	128 (96%)	$3,139	128 (96%)	$3,139	-	-
Average	399 (94.00%)	$3,266	399 (94.00%)	$3,266	-	-

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