How Palomar Institute 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 Palomar Institute of Cosmetology since 2013.

For that period, the average number of students who received grants aid/scholarships is 118, which is 52.22 % of all undergraduate students. 107 students which is 47.67% of undergraduate students received federal student loans and the average loan amount is $5,543.

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	92 (40%)	$3,853	85 (37%)	$3,949	104 (45%)	$6,194
2014-15	127 (66%)	$3,195	115 (60%)	$3,439	121 (63%)	$5,180
2015-16	142 (65%)	$3,330	134 (61%)	$3,371	132 (60%)	$5,273
2016-17	95 (47%)	$3,834	92 (45%)	$3,849	110 (54%)	$5,999
2017-18	113 (50%)	$3,414	110 (49%)	$3,414	110 (49%)	$5,148
2018-19	120 (48%)	$3,731	116 (47%)	$3,678	108 (44%)	$5,349
2019-20	141 (65%)	$3,375	99 (45%)	$3,589	96 (44%)	$5,626
2020-21	75 (36%)	$2,987	71 (34%)	$2,943	65 (31%)	$5,541
2021-22	159 (53%)	$3,594	115 (38%)	$3,759	118 (39%)	$5,576
Average	118 (52.22%)	$3,479	104 (46.22%)	$3,555	107 (47.67%)	$5,543

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

Overview

For the last 10 years, on average, 29 (60.11 % of students) received grants or scholarships and its average amount is $4,079. It can cover 24.28% of tuition & fees ($16,800).

In addition, 30 (64.44 % of students) students get helped from the students loans (average amount : $5,615).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	32 (68%)	$4,137	36 (77%)	$6,122
2014-15	29 (66%)	$4,221	34 (77%)	$5,388
2015-16	34 (63%)	$3,692	39 (72%)	$5,408
2016-17	17 (59%)	$4,071	22 (76%)	$6,420
2017-18	25 (53%)	$3,663	26 (55%)	$5,221
2018-19	33 (59%)	$4,606	31 (55%)	$5,675
2019-20	40 (87%)	$3,759	32 (70%)	$5,304
2020-21	14 (40%)	$3,851	17 (49%)	$5,474
2021-22	33 (46%)	$4,709	35 (49%)	$5,519
Average	29 (60.11%)	$4,079	30 (64.44%)	$5,615

^*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, 27 (55.78 % of students) received Pell (federal) grants and its average amount is $4,075.

In addition, 2 students received State/local government grants/scholarships (3.60 % 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	32 (68%)	$3,990	24 (51%)	$197	-	-	-	-
2014-15	28 (64%)	$4,197	23 (52%)	$159	-	-	23 (52%)	$53
2015-16	31 (57%)	$3,755	23 (43%)	$145	2 (4%)	$2,342	23 (43%)	$48
2016-17	17 (59%)	$4,071	-	-	-	-	-	-
2017-18	24 (51%)	$3,703	-	-	1 (2%)	$2,692	-	-
2018-19	33 (59%)	$4,429	-	-	1 (2%)	$5,865	-	-
2019-20	28 (61%)	$3,844	37 (80%)	$939	3 (7%)	$2,648	-	-
2020-21	13 (37%)	$3,977	-	-	1 (3%)	$2,212	-	-
2021-22	33 (46%)	$4,709	-	-	-	-	-	-
Average	27 (55.78%)	$4,075	27 (56.50%)	$360	2 (3.60%)	$3,152	23 (47.50%)	$51

^*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, 30 (64.44 % of students) get any students loan help and its average loan amount is $30.

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	36 (77%)	$6,122	36 (77%)	$6,122	-	-
2014-15	34 (77%)	$5,388	34 (77%)	$5,388	-	-
2015-16	39 (72%)	$5,408	39 (72%)	$5,408	-	-
2016-17	22 (76%)	$6,420	22 (76%)	$6,420	-	-
2017-18	26 (55%)	$5,221	26 (55%)	$5,221	-	-
2018-19	31 (55%)	$5,675	31 (55%)	$5,675	-	-
2019-20	32 (70%)	$5,304	32 (70%)	$5,304	-	-
2020-21	17 (49%)	$5,474	17 (49%)	$5,474	-	-
2021-22	35 (49%)	$5,519	35 (49%)	$5,519	-	-
Average	30 (64.44%)	$5,615	30 (64.44%)	$5,615	-	-

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Scholarships, Grants, and Loan Trends at Palomar Institute of Cosmetology

All Undergraduate Students Financial Aid Over Time

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