Scholarships, Grants, and Loan Trends at Innovate Salon Academy

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 116, which is 46.11 % of all undergraduate students. 122 students which is 49.22% of undergraduate students received federal student loans and the average loan amount is $6,363.

For full-time, first-time beginning students (freshmen), 58.56% of students received grants or scholarships and 68% 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 South Plainfield, 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 2013.

For that period, the average number of students who received grants aid/scholarships is 116, which is 46.11 % of all undergraduate students. 122 students which is 49.22% of undergraduate students received federal student loans and the average loan amount is $6,363.

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	49 (23%)	$3,762	47 (22%)	$3,803	47 (22%)	$6,832
2014-15	85 (35%)	$4,284	83 (34%)	$4,256	90 (37%)	$7,235
2015-16	119 (57%)	$3,845	118 (57%)	$3,555	126 (61%)	$6,386
2016-17	107 (52%)	$3,936	105 (51%)	$3,704	124 (60%)	$6,322
2017-18	116 (53%)	$3,729	114 (53%)	$3,536	135 (62%)	$6,163
2018-19	121 (51%)	$4,493	121 (51%)	$4,237	134 (57%)	$6,134
2019-20	147 (51%)	$4,273	146 (51%)	$4,152	146 (51%)	$6,049
2020-21	149 (47%)	$4,861	144 (45%)	$4,470	144 (45%)	$6,404
2021-22	150 (46%)	$4,498	150 (46%)	$4,129	155 (48%)	$5,743
Average	116 (46.11%)	$4,187	114 (45.56%)	$3,982	122 (49.22%)	$6,363

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

Overview

For the last 10 years, on average, 28 (58.56 % of students) received grants or scholarships and its average amount is $4,942. It can cover 38.83% of tuition & fees ($12,726).

In addition, 32 (67.56 % of students) students get helped from the students loans (average amount : $7,298).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	37 (30%)	$3,937	31 (25%)	$7,633
2014-15	24 (60%)	$4,328	23 (58%)	$8,644
2015-16	22 (69%)	$5,559	25 (78%)	$7,853
2016-17	31 (61%)	$5,186	38 (75%)	$7,237
2017-18	31 (69%)	$4,444	36 (80%)	$7,294
2018-19	27 (66%)	$4,977	32 (78%)	$6,338
2019-20	30 (60%)	$5,834	35 (70%)	$7,276
2020-21	25 (60%)	$5,360	30 (71%)	$7,229
2021-22	27 (52%)	$4,854	38 (73%)	$6,181
Average	28 (58.56%)	$4,942	32 (67.56%)	$7,298

^*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, 28 (57.33 % of students) received Pell (federal) grants and its average amount is $4,664.

In addition, 2 students received State/local government grants/scholarships (3.00 % 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	35 (28%)	$4,002	-	-	2 (2%)	$2,800	-	-
2014-15	21 (53%)	$4,637	-	-	1 (3%)	$4,000	2 (5%)	$1,250
2015-16	22 (69%)	$4,796	4 (13%)	$319	-	-	10 (31%)	$1,550
2016-17	31 (61%)	$4,337	10 (20%)	$284	-	-	17 (33%)	$1,382
2017-18	31 (69%)	$4,046	13 (29%)	$225	-	-	25 (56%)	$376
2018-19	27 (66%)	$4,549	8 (20%)	$258	-	-	8 (20%)	$1,188
2019-20	29 (58%)	$5,537	11 (22%)	$205	2 (4%)	$6,100	-	-
2020-21	25 (60%)	$5,297	5 (12%)	$315	-	-	-	-
2021-22	27 (52%)	$4,771	10 (19%)	$225	-	-	-	-
Average	28 (57.33%)	$4,664	9 (19.29%)	$262	2 (3.00%)	$4,300	12 (29.00%)	$1,149

^*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, 32 (67.56 % of students) get any students loan help and its average loan amount is $32.

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	31 (25%)	$7,633	31 (25%)	$7,633	-	-
2014-15	23 (58%)	$8,644	23 (58%)	$8,644	-	-
2015-16	25 (78%)	$7,853	25 (78%)	$7,853	-	-
2016-17	38 (75%)	$7,237	38 (75%)	$7,237	-	-
2017-18	36 (80%)	$7,294	36 (80%)	$7,294	-	-
2018-19	32 (78%)	$6,338	32 (78%)	$6,338	-	-
2019-20	35 (70%)	$7,276	35 (70%)	$7,276	-	-
2020-21	30 (71%)	$7,229	30 (71%)	$7,229	-	-
2021-22	38 (73%)	$6,181	38 (73%)	$6,181	-	-
Average	32 (67.56%)	$7,298	32 (67.56%)	$7,298	-	-

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