Scholarships, Grants, and Loan Trends at Lowell Academy Hairstyling Institute

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 75, which is 58.78 % of all undergraduate students. 76 students which is 59.33% of undergraduate students received federal student loans and the average loan amount is $4,611.
For full-time, first-time beginning students (freshmen), 63.78% of students received grants or scholarships and 61% 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 Lowell Academy Hairstyling Institute since 2013.
For that period, the average number of students who received grants aid/scholarships is 75, which is 58.78 % of all undergraduate students. 76 students which is 59.33% of undergraduate students received federal student loans and the average loan amount is $4,611.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1489 (61%)$6,35373 (50%)$2,93472 (49%)$4,619
2014-1589 (61%)$6,35373 (50%)$2,93472 (49%)$4,619
2015-1660 (34%)$2,49047 (27%)$2,89892 (52%)$3,348
2016-1787 (60%)$3,69786 (60%)$3,49895 (66%)$4,102
2017-1894 (76%)$4,72594 (76%)$4,254111 (90%)$5,884
2018-1969 (56%)$3,43167 (54%)$3,33774 (60%)$4,521
2019-2080 (80%)$4,13979 (79%)$3,92880 (80%)$5,175
2020-2149 (38%)$3,16646 (36%)$3,18933 (26%)$4,827
2021-2256 (63%)$3,78756 (63%)$3,65955 (62%)$4,404
Average75 (58.78%)$4,23869 (55.00%)$3,40376 (59.33%)$4,611

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

For the last 10 years, on average, 39 (63.78 % of students) received grants or scholarships and its average amount is $3,577. It can cover 25.21% of tuition & fees ($14,190).
In addition, 37 (60.67 % of students) students get helped from the students loans (average amount : $4,829).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1466 (65%)$3,02553 (52%)$4,707
2014-1566 (65%)$3,02553 (52%)$4,707
2015-1660 (61%)$2,49048 (48%)$3,618
2016-1751 (55%)$4,07072 (78%)$5,412
2017-1836 (73%)$5,42943 (88%)$5,642
2018-1914 (35%)$2,96018 (45%)$4,264
2019-2030 (83%)$4,00921 (58%)$5,043
2020-2120 (83%)$3,67817 (71%)$5,397
2021-227 (54%)$3,5057 (54%)$4,668
Average39 (63.78%)$3,57737 (60.67%)$4,829
*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, 36 (60.00 % of students) received Pell (federal) grants and its average amount is $3,419.
In addition, 11 students received State/local government grants/scholarships (16.00 % 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
2013-1459 (58%)$3,02943 (43%)$1261 (1%)$8,50040 (40%)$175
2014-1559 (58%)$3,02943 (43%)$1261 (1%)$8,50040 (40%)$175
2015-1647 (47%)$2,89828 (28%)$12434 (34%)$2241 (1%)$2,122
2016-1751 (55%)$3,83930 (33%)$1832 (2%)$2,6491 (1%)$1,000
2017-1836 (73%)$4,44725 (51%)$23327 (55%)$1,01226 (53%)$85
2018-1913 (33%)$3,1253 (8%)$197--3 (8%)$75
2019-2030 (83%)$3,57720 (56%)$1671 (3%)$2,50020 (56%)$356
2020-2119 (79%)$3,57812 (50%)$195--12 (50%)$270
2021-227 (54%)$3,2487 (54%)$150--7 (54%)$107
Average36 (60.00%)$3,41923 (40.67%)$16711 (16.00%)$3,89817 (33.67%)$485
*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, 37 (60.67 % of students) get any students loan help and its average loan amount is $37.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1453 (52%)$4,70753 (52%)$4,707--
2014-1553 (52%)$4,70753 (52%)$4,707--
2015-1648 (48%)$3,61848 (48%)$3,618--
2016-1772 (78%)$5,41272 (78%)$5,412--
2017-1843 (88%)$5,64243 (88%)$5,642--
2018-1918 (45%)$4,26418 (45%)$4,264--
2019-2021 (58%)$5,04321 (58%)$5,043--
2020-2117 (71%)$5,39717 (71%)$5,397--
2021-227 (54%)$4,6687 (54%)$4,668--
Average37 (60.67%)$4,82937 (60.67%)$4,829--
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