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

For that period, the average number of students who received grants aid/scholarships is 352, which is 84.22 % of all undergraduate students. 321 students which is 76.11% of undergraduate students received federal student loans and the average loan amount is $5,480.

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	221 (71%)	$4,506	203 (65%)	$4,279	229 (74%)	$6,422
2014-15	364 (100%)	$5,225	263 (72%)	$4,812	288 (79%)	$7,536
2015-16	374 (100%)	$2,751	228 (61%)	$3,382	258 (69%)	$5,168
2016-17	416 (100%)	$7,134	298 (72%)	$3,940	329 (79%)	$5,452
2017-18	419 (100%)	$8,767	310 (74%)	$4,449	346 (83%)	$6,631
2018-19	295 (67%)	$4,526	295 (67%)	$3,326	290 (66%)	$5,616
2019-20	375 (77%)	$3,947	375 (77%)	$3,947	421 (86%)	$5,230
2020-21	398 (77%)	$8,061	345 (67%)	$4,330	381 (74%)	$4,500
2021-22	305 (66%)	$5,084	305 (66%)	$1,939	347 (75%)	$2,764
Average	352 (84.22%)	$5,556	291 (69.00%)	$3,823	321 (76.11%)	$5,480

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

Overview

For the last 10 years, on average, 206 (82.22 % of students) received grants or scholarships and its average amount is $4,187. It can cover 19.47% of tuition & fees ($21,500).

In addition, 186 (72.89 % of students) students get helped from the students loans (average amount : $6,410).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	193 (73%)	$4,563	183 (69%)	$8,037
2014-15	218 (100%)	$3,265	174 (80%)	$7,229
2015-16	195 (100%)	$2,699	93 (48%)	$6,395
2016-17	276 (100%)	$3,535	216 (78%)	$5,303
2017-18	275 (100%)	$5,312	225 (82%)	$7,127
2018-19	137 (59%)	$5,099	136 (58%)	$6,161
2019-20	213 (73%)	$4,537	247 (85%)	$5,923
2020-21	191 (69%)	$4,953	217 (79%)	$6,301
2021-22	159 (66%)	$3,720	184 (77%)	$5,213
Average	206 (82.22%)	$4,187	186 (72.89%)	$6,410

^*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, 168 (65.78 % of students) received Pell (federal) grants and its average amount is $4,405.

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	181 (69%)	$4,332	-	-	-	-	193 (73%)	$500
2014-15	121 (56%)	$4,982	-	-	-	-	218 (100%)	$500
2015-16	101 (52%)	$4,246	-	-	-	-	195 (100%)	$500
2016-17	199 (72%)	$4,210	-	-	-	-	276 (100%)	$500
2017-18	208 (76%)	$4,869	-	-	-	-	275 (100%)	$1,629
2018-19	137 (59%)	$3,796	-	-	-	-	137 (59%)	$1,303
2019-20	213 (73%)	$4,537	-	-	-	-	-	-
2020-21	191 (69%)	$4,953	-	-	-	-	-	-
2021-22	159 (66%)	$3,720	-	-	-	-	-	-
Average	168 (65.78%)	$4,405	-	-	-	-	216 (88.67%)	$822

^*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, 186 (72.89 % of students) get any students loan help and its average loan amount is $186.

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	183 (69%)	$8,037	183 (69%)	$8,037	-	-
2014-15	174 (80%)	$7,229	174 (80%)	$7,229	-	-
2015-16	93 (48%)	$6,395	93 (48%)	$6,395	-	-
2016-17	216 (78%)	$5,303	216 (78%)	$5,303	-	-
2017-18	225 (82%)	$7,127	225 (82%)	$7,127	-	-
2018-19	136 (58%)	$6,161	136 (58%)	$6,161	-	-
2019-20	247 (85%)	$5,923	247 (85%)	$5,923	-	-
2020-21	217 (79%)	$6,301	217 (79%)	$6,301	-	-
2021-22	184 (77%)	$5,213	184 (77%)	$5,213	-	-
Average	186 (72.89%)	$6,410	186 (72.89%)	$6,410	-	-

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

All Undergraduate Students Financial Aid Over Time

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