Scholarships, Grants, and Loan Trends at Michael's Barber & Hair Stylist Academy

Over the past 5 years (2018-2022), the average number of students who received grants aid/scholarships is 39, which is 60.67 % of all undergraduate students. 25 students which is 32.50% of undergraduate students received federal student loans and the average loan amount is $5,529.

For full-time, first-time beginning students (freshmen), 69.00% of students received grants or scholarships and 51% of students received student loans.

School Home 2023 Financial Aid

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Michael's Barber & Hair Stylist Academy since 2018.

For that period, the average number of students who received grants aid/scholarships is 39, which is 60.67 % of all undergraduate students. 25 students which is 32.50% of undergraduate students received federal student loans and the average loan amount is $5,529.

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
2018-19	-	-	-	-	-	-
2019-20	19 (42%)	$6,146	19 (42%)	$4,583	-	-
2020-21	63 (94%)	$3,678	63 (94%)	$3,206	12 (18%)	$5,453
2021-22	36 (46%)	$3,162	36 (46%)	$3,162	37 (47%)	$5,605
Average	39 (60.67%)	$4,329	39 (60.67%)	$3,650	25 (32.50%)	$5,529

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

Overview

For the last 5 years, on average, 23 (69.00 % of students) received grants or scholarships and its average amount is $4,840. It can cover 31.87% of tuition & fees ($15,185).

In addition, 17 (50.50 % of students) students get helped from the students loans (average amount : $6,013).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2018-19	-	-	-	-
2019-20	19 (53%)	$6,146	-	-
2020-21	32 (100%)	$4,140	12 (38%)	$5,453
2021-22	19 (54%)	$4,234	22 (63%)	$6,573
Average	23 (69.00%)	$4,840	17 (50.50%)	$6,013

^*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 5 years, on average, 23 (69.00 % of students) received Pell (federal) grants and its average amount is $4,010.

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
2018-19	-	-	-	-	-	-	-	-
2019-20	19 (53%)	$4,583	18 (50%)	$1,650	-	-	-	-
2020-21	32 (100%)	$3,212	18 (56%)	$1,650	-	-	-	-
2021-22	19 (54%)	$4,234	-	-	-	-	-	-
Average	23 (69.00%)	$4,010	18 (53.00%)	$1,650	-	-	-	-

^*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 5 years, on average, 17 (50.50 % of students) get any students loan help and its average loan amount is $17.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2018-19	-	-	-	-	-	-
2019-20	-	-	-	-	-	-
2020-21	12 (38%)	$5,453	12 (38%)	$5,453	-	-
2021-22	22 (63%)	$6,573	22 (63%)	$6,573	-	-
Average	17 (50.50%)	$6,013	17 (50.50%)	$6,013	-	-

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