How Modern Beauty Academy'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 Modern Beauty Academy since 2013.

For that period, the average number of students who received grants aid/scholarships is 40, which is 54.56 % of all undergraduate students. 29 students which is 38.56% of undergraduate students received federal student loans and the average loan amount is $5,020.

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	59 (89%)	$4,207	58 (88%)	$4,100	36 (55%)	$3,107
2014-15	44 (72%)	$4,845	42 (69%)	$4,709	22 (36%)	$4,524
2015-16	42 (67%)	$4,489	39 (62%)	$4,611	27 (43%)	$5,579
2016-17	37 (51%)	$4,671	36 (50%)	$4,620	27 (38%)	$4,827
2017-18	39 (51%)	$4,369	34 (45%)	$4,557	32 (42%)	$5,554
2018-19	30 (37%)	$4,857	29 (35%)	$4,773	26 (32%)	$5,344
2019-20	26 (35%)	$4,453	26 (35%)	$4,099	21 (28%)	$7,206
2020-21	30 (40%)	$4,991	29 (39%)	$4,900	25 (33%)	$5,073
2021-22	53 (49%)	$5,114	53 (49%)	$4,970	43 (40%)	$3,969
Average	40 (54.56%)	$4,666	38 (52.44%)	$4,593	29 (38.56%)	$5,020

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

Overview

For the last 10 years, on average, 12 (64.78 % of students) received grants or scholarships and its average amount is $5,550. It can cover 39.09% of tuition & fees ($14,200).

In addition, 9 (50.11 % of students) students get helped from the students loans (average amount : $5,393).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	10 (77%)	$5,494	8 (62%)	$3,969
2014-15	23 (96%)	$5,194	13 (54%)	$5,346
2015-16	16 (70%)	$5,782	11 (48%)	$5,795
2016-17	15 (68%)	$5,945	13 (59%)	$5,384
2017-18	11 (69%)	$4,645	9 (56%)	$6,075
2018-19	8 (47%)	$6,202	7 (41%)	$4,151
2019-20	10 (67%)	$4,746	9 (60%)	$8,111
2020-21	10 (42%)	$6,155	9 (38%)	$5,312
2021-22	7 (47%)	$5,788	5 (33%)	$4,390
Average	12 (64.78%)	$5,550	9 (50.11%)	$5,393

^*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, 12 (62.44 % of students) received Pell (federal) grants and its average amount is $5,376.

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	10 (77%)	$5,130	8 (62%)	$454	-	-	-	-
2014-15	21 (88%)	$5,221	12 (50%)	$277	-	-	9 (38%)	$722
2015-16	16 (70%)	$5,425	12 (52%)	$475	-	-	-	-
2016-17	15 (68%)	$5,652	11 (50%)	$400	-	-	-	-
2017-18	9 (56%)	$5,044	2 (13%)	$400	-	-	2 (13%)	$2,450
2018-19	8 (47%)	$5,852	7 (41%)	$400	-	-	-	-
2019-20	10 (67%)	$4,626	3 (20%)	$400	-	-	-	-
2020-21	10 (42%)	$5,875	7 (29%)	$400	-	-	-	-
2021-22	7 (47%)	$5,560	4 (27%)	$400	-	-	-	-
Average	12 (62.44%)	$5,376	7 (38.22%)	$401	-	-	6 (25.50%)	$1,586

^*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, 9 (50.11 % of students) get any students loan help and its average loan amount is $9.

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	8 (62%)	$3,969	8 (62%)	$3,969	-	-
2014-15	13 (54%)	$5,346	13 (54%)	$5,346	-	-
2015-16	11 (48%)	$5,795	11 (48%)	$5,795	-	-
2016-17	13 (59%)	$5,384	13 (59%)	$5,384	-	-
2017-18	9 (56%)	$6,075	9 (56%)	$6,075	-	-
2018-19	7 (41%)	$4,151	7 (41%)	$4,151	-	-
2019-20	9 (60%)	$8,111	9 (60%)	$8,111	-	-
2020-21	9 (38%)	$5,312	9 (38%)	$5,312	-	-
2021-22	5 (33%)	$4,390	5 (33%)	$4,390	-	-
Average	9 (50.11%)	$5,393	9 (50.11%)	$5,393	-	-

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Scholarships, Grants, and Loan Trends at Modern Beauty Academy

All Undergraduate Students Financial Aid Over Time

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