How Michael's School of Hair Design & Esthetics'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 Michael's School of Hair Design & Esthetics since 2013.

For that period, the average number of students who received grants aid/scholarships is 127, which is 68.13 % of all undergraduate students. 137 students which is 72.63% of undergraduate students received federal student loans and the average loan amount is $5,896.

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	204 (88%)	$2,523	122 (53%)	$3,674	205 (88%)	$5,191
2014-15	104 (48%)	$3,642	94 (43%)	$3,797	143 (66%)	$6,335
2015-16	136 (63%)	$3,114	102 (47%)	$3,682	153 (71%)	$5,877
2016-17	125 (63%)	$3,286	78 (39%)	$4,340	142 (71%)	$6,748
2017-18	116 (60%)	$3,782	103 (53%)	$3,627	129 (67%)	$6,733
2018-19	95 (57%)	$3,495	67 (40%)	$4,364	105 (63%)	$5,608
2019-20	109 (74%)	$3,128	82 (55%)	$3,422	102 (69%)	$5,032
2020-21	128 (92%)	$3,793	81 (58%)	$3,909	120 (86%)	$5,644
Average	127 (68.13%)	$3,345	91 (48.50%)	$3,852	137 (72.63%)	$5,896

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

Overview

For the last 9 years, on average, 46 (70.63 % of students) received grants or scholarships and its average amount is $3,653. It can cover 21.50% of tuition & fees ($16,995).

In addition, 49 (74.25 % of students) students get helped from the students loans (average amount : $6,663).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	77 (83%)	$2,977	76 (82%)	$7,398
2014-15	47 (60%)	$3,703	61 (78%)	$7,334
2015-16	51 (69%)	$4,295	59 (80%)	$6,089
2016-17	39 (57%)	$3,712	50 (72%)	$9,757
2017-18	56 (66%)	$3,713	55 (65%)	$6,337
2018-19	26 (65%)	$2,937	26 (65%)	$4,887
2019-20	32 (68%)	$3,022	29 (62%)	$5,193
2020-21	38 (97%)	$4,867	35 (90%)	$6,305
Average	46 (70.63%)	$3,653	49 (74.25%)	$6,663

^*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 9 years, on average, 35 (53.25 % of students) received Pell (federal) grants and its average amount is $3,967.

In addition, 2 students received State/local government grants/scholarships (3.57 % 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	49 (53%)	$4,008	18 (19%)	$73	5 (5%)	$2,315	37 (40%)	$539
2014-15	47 (60%)	$3,378	42 (54%)	$73	1 (1%)	$100	18 (23%)	$672
2015-16	39 (53%)	$4,405	39 (53%)	$116	3 (4%)	$1,750	25 (34%)	$1,500
2016-17	36 (52%)	$3,746	35 (51%)	$106	1 (1%)	$2,500	4 (6%)	$925
2017-18	48 (56%)	$3,793	54 (64%)	$129	3 (4%)	$1,933	23 (27%)	$570
2018-19	16 (40%)	$4,242	10 (25%)	$146	-	-	13 (33%)	$539
2019-20	21 (45%)	$3,589	16 (34%)	$109	1 (2%)	$2,000	20 (43%)	$878
2020-21	26 (67%)	$4,574	26 (67%)	$125	3 (8%)	$4,000	32 (82%)	$1,587
Average	35 (53.25%)	$3,967	30 (45.88%)	$110	2 (3.57%)	$2,085	22 (36.00%)	$901

^*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 9 years, on average, 49 (74.25 % of students) get any students loan help and its average loan amount is $49.

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	76 (82%)	$7,398	76 (82%)	$7,398	-	-
2014-15	61 (78%)	$7,334	61 (78%)	$7,334	-	-
2015-16	59 (80%)	$6,089	59 (80%)	$6,089	-	-
2016-17	50 (72%)	$9,757	50 (72%)	$9,757	-	-
2017-18	55 (65%)	$6,337	55 (65%)	$6,337	-	-
2018-19	26 (65%)	$4,887	26 (65%)	$4,887	-	-
2019-20	29 (62%)	$5,193	29 (62%)	$5,193	-	-
2020-21	35 (90%)	$6,305	35 (90%)	$6,305	-	-
Average	49 (74.25%)	$6,663	49 (74.25%)	$6,663	-	-

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Scholarships, Grants, and Loan Trends at Michael's School of Hair Design & Esthetics

All Undergraduate Students Financial Aid Over Time

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