How NFCI'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 North Florida Cosmetology Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 161, which is 67.11 % of all undergraduate students. 145 students which is 60.22% of undergraduate students received federal student loans and the average loan amount is $6,650.

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	198 (70%)	$3,694	198 (70%)	$3,694	191 (68%)	$6,731
2014-15	161 (69%)	$3,491	161 (69%)	$3,491	133 (57%)	$6,403
2015-16	161 (67%)	$4,047	161 (67%)	$4,047	149 (62%)	$7,639
2016-17	176 (71%)	$3,909	176 (71%)	$3,909	158 (63%)	$6,761
2017-18	156 (67%)	$3,755	156 (67%)	$3,755	142 (61%)	$6,402
2018-19	164 (70%)	$4,051	164 (70%)	$4,051	154 (66%)	$6,555
2019-20	153 (71%)	$5,084	153 (71%)	$4,350	129 (60%)	$6,631
2020-21	139 (60%)	$4,764	139 (60%)	$4,173	128 (55%)	$6,560
2021-22	140 (59%)	$4,396	140 (59%)	$4,396	119 (50%)	$6,167
Average	161 (67.11%)	$4,132	161 (67.11%)	$3,985	145 (60.22%)	$6,650

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

Overview

For the last 10 years, on average, 92 (73.44 % of students) received grants or scholarships and its average amount is $4,806. It can cover 66.75% of tuition & fees ($7,200).

In addition, 90 (72.67 % of students) students get helped from the students loans (average amount : $7,212).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	140 (74%)	$3,831	139 (73%)	$6,830
2014-15	105 (67%)	$3,668	92 (59%)	$6,456
2015-16	102 (69%)	$4,293	96 (65%)	$7,906
2016-17	118 (71%)	$4,160	112 (67%)	$6,934
2017-18	70 (76%)	$4,461	74 (80%)	$7,839
2018-19	76 (79%)	$4,977	79 (82%)	$7,766
2019-20	69 (81%)	$6,560	70 (82%)	$7,516
2020-21	72 (74%)	$5,889	75 (77%)	$6,870
2021-22	72 (70%)	$5,418	71 (69%)	$6,787
Average	92 (73.44%)	$4,806	90 (72.67%)	$7,212

^*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, 92 (73.44 % of students) received Pell (federal) grants and its average amount is $4,585.

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	140 (74%)	$3,831	-	-	-	-	-	-
2014-15	105 (67%)	$3,668	-	-	-	-	-	-
2015-16	102 (69%)	$4,293	-	-	-	-	-	-
2016-17	118 (71%)	$4,160	-	-	-	-	-	-
2017-18	70 (76%)	$4,461	-	-	-	-	-	-
2018-19	76 (79%)	$4,977	-	-	-	-	-	-
2019-20	69 (81%)	$5,714	54 (64%)	$1,080	-	-	-	-
2020-21	72 (74%)	$4,747	72 (74%)	$1,142	-	-	-	-
2021-22	72 (70%)	$5,418	-	-	-	-	-	-
Average	92 (73.44%)	$4,585	63 (69.00%)	$1,111	-	-	-	-

^*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, 90 (72.67 % of students) get any students loan help and its average loan amount is $90.

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	139 (73%)	$6,830	139 (73%)	$6,830	-	-
2014-15	92 (59%)	$6,456	92 (59%)	$6,456	-	-
2015-16	96 (65%)	$7,906	96 (65%)	$7,906	-	-
2016-17	112 (67%)	$6,934	112 (67%)	$6,934	-	-
2017-18	74 (80%)	$7,839	74 (80%)	$7,839	-	-
2018-19	79 (82%)	$7,766	79 (82%)	$7,766	-	-
2019-20	70 (82%)	$7,516	70 (82%)	$7,516	-	-
2020-21	75 (77%)	$6,870	75 (77%)	$6,870	-	-
2021-22	71 (69%)	$6,787	71 (69%)	$6,787	-	-
Average	90 (72.67%)	$7,212	90 (72.67%)	$7,212	-	-

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Scholarships, Grants, and Loan Trends at NFCI

All Undergraduate Students Financial Aid Over Time

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