How MAK Beauty Institute'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 MAK Beauty Institute since 2017.

For that period, the average number of students who received grants aid/scholarships is 14, which is 38.60 % of all undergraduate students. 10 students which is 27.60% of undergraduate students received federal student loans and the average loan amount is $5,125.

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	13 (30%)	$4,137	13 (30%)	$4,137	12 (28%)	$6,334
2018-19	8 (27%)	$3,627	8 (27%)	$3,502	4 (13%)	$7,052
2019-20	15 (48%)	$5,046	15 (48%)	$5,046	9 (29%)	$4,912
2020-21	15 (44%)	$3,176	15 (44%)	$3,176	13 (38%)	$3,664
2021-22	19 (44%)	$6,601	16 (37%)	$5,473	13 (30%)	$3,664
Average	14 (38.60%)	$4,517	13 (37.20%)	$4,267	10 (27.60%)	$5,125

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

Overview

For the last 6 years, on average, 6 (49.60 % of students) received grants or scholarships and its average amount is $5,446. It can cover 36.31% of tuition & fees ($15,000).

In addition, 6 (46.60 % of students) students get helped from the students loans (average amount : $6,841).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2017-18	2 (100%)	$5,920	2 (100%)	$11,567
2018-19	4 (31%)	$6,255	4 (31%)	$7,052
2019-20	6 (30%)	$5,526	6 (30%)	$7,368
2020-21	10 (50%)	$4,764	10 (50%)	$4,764
2021-22	10 (37%)	$4,764	6 (22%)	$3,454
Average	6 (49.60%)	$5,446	6 (46.60%)	$6,841

^*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, 6 (48.20 % of students) received Pell (federal) grants and its average amount is $5,275.

In addition, 5 students received State/local government grants/scholarships (19.00 % 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
2017-18	2 (100%)	$5,920	-	-	-	-	-	-
2018-19	4 (31%)	$6,005	-	-	1 (8%)	$1,000	-	-
2019-20	6 (30%)	$5,526	-	-	-	-	-	-
2020-21	10 (50%)	$4,764	-	-	-	-	-	-
2021-22	8 (30%)	$4,160	-	-	8 (30%)	$1,794	-	-
Average	6 (48.20%)	$5,275	-	-	5 (19.00%)	$1,397	-	-

^*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, 6 (46.60 % of students) get any students loan help and its average loan amount is $6.

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	2 (100%)	$11,567	2 (100%)	$11,567	-	-
2018-19	4 (31%)	$7,052	4 (31%)	$7,052	-	-
2019-20	6 (30%)	$7,368	6 (30%)	$7,368	-	-
2020-21	10 (50%)	$4,764	10 (50%)	$4,764	-	-
2021-22	6 (22%)	$3,454	6 (22%)	$3,454	-	-
Average	6 (46.60%)	$6,841	6 (46.60%)	$6,841	-	-

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Scholarships, Grants, and Loan Trends at MAK Beauty Institute

All Undergraduate Students Financial Aid Over Time

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