How Nova Academy of Cosmetology'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 Nova Academy of Cosmetology since 2013.

For that period, the average number of students who received grants aid/scholarships is 105, which is 63.44 % of all undergraduate students. 124 students which is 72.89% of undergraduate students received federal student loans and the average loan amount is $4,739.

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	84 (64%)	$4,841	84 (64%)	$3,846	101 (77%)	$6,261
2014-15	85 (75%)	$3,410	60 (53%)	$3,336	72 (64%)	$4,646
2015-16	85 (67%)	$3,134	68 (54%)	$2,269	89 (70%)	$4,263
2016-17	109 (81%)	$4,781	78 (58%)	$3,215	114 (84%)	$4,947
2017-18	104 (63%)	$4,558	84 (51%)	$4,125	124 (75%)	$4,458
2018-19	98 (51%)	$4,657	81 (42%)	$3,974	134 (70%)	$4,493
2019-20	108 (61%)	$5,285	88 (49%)	$4,449	131 (74%)	$4,707
2020-21	135 (56%)	$4,474	104 (44%)	$4,159	171 (72%)	$4,424
2021-22	135 (53%)	$4,470	91 (36%)	$4,586	178 (70%)	$4,448
Average	105 (63.44%)	$4,401	82 (50.11%)	$3,773	124 (72.89%)	$4,739

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

Overview

For the last 10 years, on average, 52 (63.22 % of students) received grants or scholarships and its average amount is $4,563. It can cover 21.03% of tuition & fees ($21,700).

In addition, 65 (76.00 % of students) students get helped from the students loans (average amount : $6,053).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	37 (62%)	$4,965	50 (83%)	$6,578
2014-15	30 (58%)	$4,582	32 (62%)	$5,331
2015-16	21 (84%)	$2,572	19 (76%)	$7,766
2016-17	28 (68%)	$4,062	37 (90%)	$5,515
2017-18	45 (69%)	$5,346	54 (83%)	$5,026
2018-19	59 (56%)	$4,666	78 (74%)	$6,099
2019-20	80 (63%)	$5,484	95 (74%)	$6,322
2020-21	91 (56%)	$4,707	119 (73%)	$5,731
2021-22	77 (53%)	$4,679	100 (69%)	$6,107
Average	52 (63.22%)	$4,563	65 (76.00%)	$6,053

^*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, 40 (48.22 % of students) received Pell (federal) grants and its average amount is $4,074.

In addition, 46 students received State/local government grants/scholarships (54.56 % 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	35 (58%)	$4,075	-	-	37 (62%)	$1,110	-	-
2014-15	26 (50%)	$3,556	1 (2%)	$9,491	24 (46%)	$1,479	-	-
2015-16	11 (44%)	$3,391	-	-	14 (56%)	$1,194	-	-
2016-17	23 (56%)	$3,298	-	-	26 (63%)	$1,457	-	-
2017-18	35 (54%)	$4,810	-	-	41 (63%)	$1,761	-	-
2018-19	46 (43%)	$3,973	-	-	51 (48%)	$1,815	-	-
2019-20	64 (50%)	$4,676	-	-	71 (55%)	$1,964	-	-
2020-21	72 (44%)	$4,130	-	-	81 (50%)	$1,617	-	-
2021-22	51 (35%)	$4,755	-	-	70 (48%)	$1,683	-	-
Average	40 (48.22%)	$4,074	1 (2.00%)	$9,491	46 (54.56%)	$1,564	-	-

^*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, 65 (76.00 % of students) get any students loan help and its average loan amount is $65.

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	50 (83%)	$6,578	45 (75%)	$6,893	5 (8%)	$3,740
2014-15	32 (62%)	$5,331	32 (62%)	$5,006	2 (4%)	$5,200
2015-16	19 (76%)	$7,766	16 (64%)	$5,869	9 (36%)	$5,960
2016-17	37 (90%)	$5,515	37 (90%)	$4,645	10 (24%)	$3,219
2017-18	54 (83%)	$5,026	53 (82%)	$4,202	8 (12%)	$6,091
2018-19	78 (74%)	$6,099	78 (74%)	$4,949	16 (15%)	$5,603
2019-20	95 (74%)	$6,322	94 (73%)	$5,096	22 (17%)	$5,528
2020-21	119 (73%)	$5,731	117 (72%)	$4,359	24 (15%)	$7,168
2021-22	100 (69%)	$6,107	100 (69%)	$4,481	23 (16%)	$7,070
Average	65 (76.00%)	$6,053	64 (73.44%)	$5,056	13 (16.33%)	$5,509

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Scholarships, Grants, and Loan Trends at Nova Academy of Cosmetology

All Undergraduate Students Financial Aid Over Time

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