Scholarships, Grants, and Loan Trends at Innovate Salon Academy

Over the past 6 years (2017-2022), the average number of students who received grants aid/scholarships is 93, which is 54.80 % of all undergraduate students. 94 students which is 59.20% of undergraduate students received federal student loans and the average loan amount is $6,047.

For full-time, first-time beginning students (freshmen), 59.80% of students received grants or scholarships and 72% of students received student loans.

School Home 2023 Financial Aid

There are multiple same-named institutes of Innovate Salon Academy. This page describes a school located in Ewing, NJ. You may want to view a school located in another city and/or state on the Innovate Salon 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 Innovate Salon Academy since 2017.

For that period, the average number of students who received grants aid/scholarships is 93, which is 54.80 % of all undergraduate students. 94 students which is 59.20% of undergraduate students received federal student loans and the average loan amount is $6,047.

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	16 (38%)	$2,546	16 (38%)	$2,546	23 (55%)	$5,576
2018-19	60 (51%)	$4,056	59 (50%)	$3,991	68 (58%)	$5,832
2019-20	85 (61%)	$4,095	85 (61%)	$4,006	88 (63%)	$6,172
2020-21	130 (68%)	$4,465	128 (67%)	$4,493	127 (66%)	$6,484
2021-22	173 (56%)	$4,847	172 (56%)	$4,470	166 (54%)	$6,173
Average	93 (54.80%)	$4,002	92 (54.40%)	$3,901	94 (59.20%)	$6,047

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

Overview

For the last 6 years, on average, 26 (59.80 % of students) received grants or scholarships and its average amount is $4,339. It can cover 34.10% of tuition & fees ($12,726).

In addition, 30 (71.80 % of students) students get helped from the students loans (average amount : $6,201).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2017-18	6 (38%)	$2,173	9 (56%)	$5,148
2018-19	19 (63%)	$4,381	24 (80%)	$6,102
2019-20	25 (54%)	$4,849	30 (65%)	$6,308
2020-21	39 (64%)	$5,379	43 (70%)	$6,910
2021-22	39 (80%)	$4,914	43 (88%)	$6,539
Average	26 (59.80%)	$4,339	30 (71.80%)	$6,201

^*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, 25 (58.80 % of students) received Pell (federal) grants and its average amount is $4,372.

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	6 (38%)	$2,173	-	-	-	-	-	-
2018-19	18 (60%)	$4,521	4 (13%)	$219	-	-	2 (7%)	$500
2019-20	25 (54%)	$4,843	1 (2%)	$150	-	-	-	-
2020-21	39 (64%)	$5,310	6 (10%)	$445	-	-	-	-
2021-22	38 (78%)	$5,012	5 (10%)	$235	-	-	-	-
Average	25 (58.80%)	$4,372	4 (8.75%)	$262	-	-	2 (7.00%)	$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 6 years, on average, 30 (71.80 % of students) get any students loan help and its average loan amount is $30.

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	9 (56%)	$5,148	9 (56%)	$5,148	-	-
2018-19	24 (80%)	$6,102	24 (80%)	$6,102	-	-
2019-20	30 (65%)	$6,308	30 (65%)	$6,308	-	-
2020-21	43 (70%)	$6,910	43 (70%)	$6,910	-	-
2021-22	43 (88%)	$6,539	43 (88%)	$6,539	-	-
Average	30 (71.80%)	$6,201	30 (71.80%)	$6,201	-	-

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