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

Over the past 8 years (2013-2020), 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.
For full-time, first-time beginning students (freshmen), 80.57% of students received grants or scholarships and 85% 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 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.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14149 (65%)$4,039149 (65%)$4,024150 (66%)$6,474
2014-15137 (64%)$4,347136 (63%)$4,327114 (53%)$6,729
2015-16153 (63%)$4,623153 (63%)$4,623124 (51%)$6,335
2016-17165 (67%)$4,309165 (67%)$4,285171 (69%)$5,766
2017-18146 (65%)$4,430146 (65%)$4,419140 (62%)$5,706
2018-19163 (67%)$3,024163 (67%)$3,024207 (85%)$3,632
2019-2099 (91%)$7,72973 (67%)$4,00794 (86%)$5,028
Average145 (68.86%)$4,643141 (65.29%)$4,101143 (67.43%)$5,667

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1457 (72%)$3,50253 (67%)$6,104
2014-1539 (95%)$3,89837 (90%)$7,095
2015-1636 (92%)$3,91337 (95%)$6,378
2016-1732 (82%)$4,59238 (97%)$5,985
2017-1815 (68%)$5,45918 (82%)$5,393
2018-1927 (79%)$5,68724 (71%)$5,939
2019-2019 (76%)$4,21723 (92%)$6,132
Average32 (80.57%)$4,46733 (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.
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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1457 (72%)$3,502------
2014-1539 (95%)$3,898------
2015-1636 (92%)$3,913------
2016-1732 (82%)$4,592------
2017-1815 (68%)$5,459------
2018-1927 (79%)$5,687------
2019-2019 (76%)$4,217------
Average32 (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..
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.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1453 (67%)$6,10453 (67%)$6,104--
2014-1537 (90%)$7,09537 (90%)$7,095--
2015-1637 (95%)$6,37837 (95%)$6,378--
2016-1738 (97%)$5,98538 (97%)$5,985--
2017-1818 (82%)$5,39318 (82%)$5,393--
2018-1924 (71%)$5,93924 (71%)$5,939--
2019-2023 (92%)$6,13223 (92%)$6,132--
Average33 (84.86%)$6,14733 (84.86%)$6,147--
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