How Medspa Academies'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 Medspa Academies since 2013.

For that period, the average number of students who received grants aid/scholarships is 105, which is 35.78 % of all undergraduate students. 146 students which is 48.67% of undergraduate students received federal student loans and the average loan amount is $6,561.

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	97 (42%)	$3,692	97 (42%)	$3,667	104 (45%)	$7,683
2014-15	94 (38%)	$3,989	94 (38%)	$3,840	89 (36%)	$7,677
2015-16	109 (41%)	$3,193	108 (40%)	$3,147	137 (51%)	$6,400
2016-17	94 (36%)	$3,389	94 (36%)	$3,389	149 (58%)	$6,513
2017-18	124 (42%)	$3,740	124 (42%)	$3,740	175 (59%)	$6,672
2018-19	124 (36%)	$3,803	124 (36%)	$3,803	181 (53%)	$6,309
2019-20	99 (30%)	$3,878	99 (30%)	$3,878	158 (47%)	$6,148
2020-21	102 (30%)	$3,867	102 (30%)	$3,867	161 (47%)	$5,440
2021-22	100 (27%)	$4,177	100 (27%)	$4,177	157 (42%)	$6,209
Average	105 (35.78%)	$3,748	105 (35.67%)	$3,723	146 (48.67%)	$6,561

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

Overview

For the last 10 years, on average, 45 (40.78 % of students) received grants or scholarships and its average amount is $4,307. It can cover 25.33% of tuition & fees ($17,000).

In addition, 67 (57.44 % of students) students get helped from the students loans (average amount : $7,218).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	36 (52%)	$4,228	49 (71%)	$7,311
2014-15	27 (55%)	$4,690	27 (55%)	$7,147
2015-16	36 (46%)	$4,032	47 (59%)	$6,703
2016-17	36 (43%)	$3,849	59 (70%)	$7,473
2017-18	51 (43%)	$4,630	80 (67%)	$7,578
2018-19	56 (42%)	$3,856	73 (54%)	$7,319
2019-20	47 (28%)	$4,250	79 (48%)	$7,381
2020-21	57 (30%)	$4,492	86 (46%)	$6,812
2021-22	63 (28%)	$4,732	106 (47%)	$7,239
Average	45 (40.78%)	$4,307	67 (57.44%)	$7,218

^*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, 45 (40.78 % of students) received Pell (federal) grants and its average amount is $4,299.

In addition, 1 students received State/local government grants/scholarships (1.00 % 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	36 (52%)	$4,162	-	-	1 (1%)	$2,376	-	-
2014-15	27 (55%)	$4,690	-	-	-	-	-	-
2015-16	36 (46%)	$4,032	-	-	-	-	-	-
2016-17	36 (43%)	$3,849	-	-	-	-	-	-
2017-18	51 (43%)	$4,630	-	-	-	-	-	-
2018-19	56 (42%)	$3,856	-	-	-	-	-	-
2019-20	47 (28%)	$4,250	-	-	-	-	-	-
2020-21	57 (30%)	$4,492	-	-	-	-	-	-
2021-22	63 (28%)	$4,732	-	-	-	-	-	-
Average	45 (40.78%)	$4,299	-	-	1 (1.00%)	$2,376	-	-

^*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, 67 (57.44 % of students) get any students loan help and its average loan amount is $67.

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	49 (71%)	$7,311	49 (71%)	$7,311	-	-
2014-15	27 (55%)	$7,147	27 (55%)	$7,147	-	-
2015-16	47 (59%)	$6,703	47 (59%)	$6,703	-	-
2016-17	59 (70%)	$7,473	59 (70%)	$7,473	-	-
2017-18	80 (67%)	$7,578	80 (67%)	$7,578	-	-
2018-19	73 (54%)	$7,319	73 (54%)	$7,319	-	-
2019-20	79 (48%)	$7,381	79 (48%)	$7,381	-	-
2020-21	86 (46%)	$6,812	86 (46%)	$6,812	-	-
2021-22	106 (47%)	$7,239	106 (47%)	$7,239	-	-
Average	67 (57.44%)	$7,218	67 (57.44%)	$7,218	-	-

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Scholarships, Grants, and Loan Trends at Medspa Academies

All Undergraduate Students Financial Aid Over Time

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