How Magnolia College of Cosmetology'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 Magnolia College of Cosmetology since 2013.

For that period, the average number of students who received grants aid/scholarships is 145, which is 68.86 % of all undergraduate students. 143 students which is 67.43% of undergraduate students received federal student loans and the average loan amount is $5,667.

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	149 (65%)	$4,039	149 (65%)	$4,024	150 (66%)	$6,474
2014-15	137 (64%)	$4,347	136 (63%)	$4,327	114 (53%)	$6,729
2015-16	153 (63%)	$4,623	153 (63%)	$4,623	124 (51%)	$6,335
2016-17	165 (67%)	$4,309	165 (67%)	$4,285	171 (69%)	$5,766
2017-18	146 (65%)	$4,430	146 (65%)	$4,419	140 (62%)	$5,706
2018-19	163 (67%)	$3,024	163 (67%)	$3,024	207 (85%)	$3,632
2019-20	99 (91%)	$7,729	73 (67%)	$4,007	94 (86%)	$5,028
Average	145 (68.86%)	$4,643	141 (65.29%)	$4,101	143 (67.43%)	$5,667

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

Overview

For the last 8 years, on average, 32 (80.57 % of students) received grants or scholarships and its average amount is $4,467. It can cover 22.91% of tuition & fees ($19,500).

In addition, 33 (84.86 % of students) students get helped from the students loans (average amount : $6,147).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	57 (72%)	$3,502	53 (67%)	$6,104
2014-15	39 (95%)	$3,898	37 (90%)	$7,095
2015-16	36 (92%)	$3,913	37 (95%)	$6,378
2016-17	32 (82%)	$4,592	38 (97%)	$5,985
2017-18	15 (68%)	$5,459	18 (82%)	$5,393
2018-19	27 (79%)	$5,687	24 (71%)	$5,939
2019-20	19 (76%)	$4,217	23 (92%)	$6,132
Average	32 (80.57%)	$4,467	33 (84.86%)	$6,147

^*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 8 years, on average, 32 (80.57 % of students) received Pell (federal) grants and its average amount is $4,467.

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	57 (72%)	$3,502	-	-	-	-	-	-
2014-15	39 (95%)	$3,898	-	-	-	-	-	-
2015-16	36 (92%)	$3,913	-	-	-	-	-	-
2016-17	32 (82%)	$4,592	-	-	-	-	-	-
2017-18	15 (68%)	$5,459	-	-	-	-	-	-
2018-19	27 (79%)	$5,687	-	-	-	-	-	-
2019-20	19 (76%)	$4,217	-	-	-	-	-	-
Average	32 (80.57%)	$4,467	-	-	-	-	-	-

^*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 8 years, on average, 33 (84.86 % of students) get any students loan help and its average loan amount is $33.

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	53 (67%)	$6,104	53 (67%)	$6,104	-	-
2014-15	37 (90%)	$7,095	37 (90%)	$7,095	-	-
2015-16	37 (95%)	$6,378	37 (95%)	$6,378	-	-
2016-17	38 (97%)	$5,985	38 (97%)	$5,985	-	-
2017-18	18 (82%)	$5,393	18 (82%)	$5,393	-	-
2018-19	24 (71%)	$5,939	24 (71%)	$5,939	-	-
2019-20	23 (92%)	$6,132	23 (92%)	$6,132	-	-
Average	33 (84.86%)	$6,147	33 (84.86%)	$6,147	-	-

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Scholarships, Grants, and Loan Trends at Magnolia College of Cosmetology

All Undergraduate Students Financial Aid Over Time

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