How Michigan College of Beauty-Monroe'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 Michigan College of Beauty-Monroe since 2013.

For that period, the average number of students who received grants aid/scholarships is 94, which is 58.00 % of all undergraduate students. 86 students which is 54.11% of undergraduate students received federal student loans and the average loan amount is $5,143.

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	112 (54%)	$2,488	97 (47%)	$2,734	75 (36%)	$3,382
2014-15	155 (66%)	$4,952	120 (51%)	$2,666	150 (64%)	$3,428
2015-16	109 (55%)	$3,807	109 (55%)	$3,807	89 (45%)	$5,249
2016-17	95 (60%)	$3,484	95 (60%)	$3,484	96 (61%)	$5,249
2017-18	80 (54%)	$3,442	75 (51%)	$3,671	71 (48%)	$6,044
2018-19	76 (58%)	$3,703	76 (58%)	$3,663	77 (58%)	$5,928
2019-20	85 (70%)	$3,897	65 (54%)	$4,179	97 (80%)	$4,609
2020-21	49 (51%)	$5,964	49 (51%)	$5,964	52 (54%)	$6,241
2021-22	86 (54%)	$6,252	52 (33%)	$5,282	65 (41%)	$6,155
Average	94 (58.00%)	$4,221	82 (51.11%)	$3,939	86 (54.11%)	$5,143

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

Overview

For the last 10 years, on average, 82 (84.67 % of students) received grants or scholarships and its average amount is $2,398. It can cover 15.20% of tuition & fees ($15,775).

In addition, 61 (65.11 % of students) students get helped from the students loans (average amount : $3,376).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	112 (84%)	$2,488	75 (56%)	$3,382
2014-15	130 (84%)	$2,629	142 (92%)	$3,521
2015-16	109 (83%)	$2,324	35 (27%)	$2,833
2016-17	87 (83%)	$1,869	63 (60%)	$2,955
2017-18	70 (93%)	$2,239	38 (51%)	$3,307
2018-19	49 (71%)	$2,568	49 (71%)	$3,384
2019-20	65 (100%)	$2,486	47 (72%)	$3,417
2020-21	40 (77%)	$2,675	48 (92%)	$3,809
2021-22	75 (87%)	$2,300	56 (65%)	$3,775
Average	82 (84.67%)	$2,398	61 (65.11%)	$3,376

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 74 (76.11 % of students) received Pell (federal) grants and its average amount is $2,517.

In addition, 6 students received State/local government grants/scholarships (4.00 % 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	97 (72%)	$2,734	-	-	10 (7%)	$200	5 (4%)	$2,295
2014-15	120 (77%)	$2,666	-	-	1 (1%)	$200	9 (6%)	$2,411
2015-16	109 (83%)	$2,324	-	-	-	-	-	-
2016-17	87 (83%)	$1,869	-	-	-	-	-	-
2017-18	70 (93%)	$2,239	-	-	-	-	-	-
2018-19	49 (71%)	$2,568	-	-	-	-	-	-
2019-20	45 (69%)	$2,702	-	-	-	-	20 (31%)	$2,000
2020-21	40 (77%)	$2,675	-	-	-	-	-	-
2021-22	52 (60%)	$2,875	-	-	-	-	23 (27%)	$1,000
Average	74 (76.11%)	$2,517	-	-	6 (4.00%)	$200	14 (17.00%)	$1,927

^*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, 61 (65.11 % of students) get any students loan help and its average loan amount is $61.

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	75 (56%)	$3,382	75 (56%)	$3,382	-	-
2014-15	142 (92%)	$3,521	142 (92%)	$3,521	-	-
2015-16	35 (27%)	$2,833	35 (27%)	$2,833	-	-
2016-17	63 (60%)	$2,955	63 (60%)	$2,955	-	-
2017-18	38 (51%)	$3,307	38 (51%)	$3,307	-	-
2018-19	49 (71%)	$3,384	49 (71%)	$3,384	-	-
2019-20	47 (72%)	$3,417	47 (72%)	$3,417	-	-
2020-21	48 (92%)	$3,809	48 (92%)	$3,809	-	-
2021-22	56 (65%)	$3,775	56 (65%)	$3,775	-	-
Average	61 (65.11%)	$3,376	61 (65.11%)	$3,376	-	-

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Scholarships, Grants, and Loan Trends at Michigan College of Beauty-Monroe

All Undergraduate Students Financial Aid Over Time

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