Scholarships, Grants, and Loan Trends at Montana Barber Institute

Over the past 5 years (2018-2022), the average number of students who received grants aid/scholarships is 19, which is 42.25 % of all undergraduate students. 16 students which is 34.25% of undergraduate students received federal student loans and the average loan amount is $4,040.

For full-time, first-time beginning students (freshmen), 58.75% of students received grants or scholarships and 48% 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 Montana Barber Institute since 2018.

For that period, the average number of students who received grants aid/scholarships is 19, which is 42.25 % of all undergraduate students. 16 students which is 34.25% of undergraduate students received federal student loans and the average loan amount is $4,040.

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	10 (29%)	$11,167	3 (9%)	$970	3 (9%)	$1,554
2019-20	18 (40%)	$6,952	18 (40%)	$3,603	16 (36%)	$4,289
2020-21	33 (59%)	$5,705	33 (59%)	$3,505	30 (54%)	$5,243
2021-22	14 (41%)	$4,061	14 (41%)	$3,847	13 (38%)	$5,074
Average	19 (42.25%)	$6,971	17 (37.25%)	$2,981	16 (34.25%)	$4,040

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

Overview

For the last 5 years, on average, 15 (58.75 % of students) received grants or scholarships and its average amount is $7,517. It can cover 40.30% of tuition & fees ($18,653).

In addition, 12 (47.75 % of students) students get helped from the students loans (average amount : $4,014).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2018-19	10 (36%)	$11,167	3 (11%)	$1,554
2019-20	14 (61%)	$7,765	13 (57%)	$4,252
2020-21	21 (68%)	$7,074	18 (58%)	$5,176
2021-22	14 (70%)	$4,061	13 (65%)	$5,074
Average	15 (58.75%)	$7,517	12 (47.75%)	$4,014

^*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, 13 (52.50 % of students) received Pell (federal) grants and its average amount is $2,984.

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	3 (11%)	$970	-	-	-	-	7 (25%)	$15,537
2019-20	14 (61%)	$3,501	1 (4%)	$2,927	-	-	12 (52%)	$4,731
2020-21	21 (68%)	$3,616	2 (6%)	$2,099	-	-	19 (61%)	$3,601
2021-22	14 (70%)	$3,847	2 (10%)	$1,500	-	-	-	-
Average	13 (52.50%)	$2,984	2 (6.67%)	$2,175	-	-	13 (46.00%)	$7,956

^*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, 12 (47.75 % of students) get any students loan help and its average loan amount is $12.

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	3 (11%)	$1,554	3 (11%)	$1,554	-	-
2019-20	13 (57%)	$4,252	13 (57%)	$4,252	-	-
2020-21	18 (58%)	$5,176	18 (58%)	$5,176	-	-
2021-22	13 (65%)	$5,074	13 (65%)	$5,074	-	-
Average	12 (47.75%)	$4,014	12 (47.75%)	$4,014	-	-

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