How Paul Mitchell the School-Michigan'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 Paul Mitchell the School-Michigan since 2013.

For that period, the average number of students who received grants aid/scholarships is 183, which is 61.44 % of all undergraduate students. 182 students which is 60.00% of undergraduate students received federal student loans and the average loan amount is $8,046.

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	172 (50%)	$3,909	172 (50%)	$3,909	210 (62%)	$9,126
2014-15	191 (56%)	$4,424	191 (56%)	$4,424	212 (62%)	$9,128
2015-16	171 (54%)	$4,027	171 (54%)	$4,027	192 (60%)	$8,048
2016-17	181 (53%)	$4,136	181 (53%)	$4,022	217 (64%)	$7,832
2017-18	165 (57%)	$4,016	165 (57%)	$4,016	166 (57%)	$7,377
2018-19	139 (51%)	$5,077	132 (48%)	$4,740	174 (63%)	$7,371
2019-20	210 (74%)	$3,718	150 (53%)	$4,619	164 (58%)	$7,523
2020-21	249 (92%)	$3,321	127 (47%)	$4,857	143 (53%)	$7,746
2021-22	171 (66%)	$5,981	143 (55%)	$5,244	159 (61%)	$8,260
Average	183 (61.44%)	$4,290	159 (52.56%)	$4,429	182 (60.00%)	$8,046

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

Overview

For the last 10 years, on average, 25 (61.56 % of students) received grants or scholarships and its average amount is $4,529. It can cover 21.32% of tuition & fees ($21,240).

In addition, 34 (78.22 % of students) students get helped from the students loans (average amount : $9,484).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	37 (53%)	$4,110	54 (77%)	$10,346
2014-15	34 (69%)	$4,999	45 (92%)	$10,774
2015-16	24 (44%)	$4,315	46 (84%)	$8,932
2016-17	30 (54%)	$4,643	46 (82%)	$9,566
2017-18	24 (59%)	$4,210	31 (76%)	$9,443
2018-19	15 (47%)	$5,393	27 (84%)	$8,903
2019-20	26 (87%)	$3,373	19 (63%)	$8,728
2020-21	14 (74%)	$3,244	13 (68%)	$10,175
2021-22	24 (67%)	$6,475	28 (78%)	$8,488
Average	25 (61.56%)	$4,529	34 (78.22%)	$9,484

^*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, 23 (52.67 % of students) received Pell (federal) grants and its average amount is $4,874.

In addition, 1 students received State/local government grants/scholarships (3.00 % 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	37 (53%)	$4,110	-	-	-	-	-	-
2014-15	34 (69%)	$4,999	-	-	-	-	-	-
2015-16	24 (44%)	$4,315	-	-	-	-	-	-
2016-17	30 (54%)	$4,643	-	-	-	-	-	-
2017-18	24 (59%)	$4,210	-	-	-	-	-	-
2018-19	15 (47%)	$5,393	-	-	-	-	-	-
2019-20	14 (47%)	$5,256	23 (77%)	$483	-	-	3 (10%)	$1,000
2020-21	7 (37%)	$5,109	11 (58%)	$877	-	-	-	-
2021-22	23 (64%)	$5,828	6 (17%)	$2,034	1 (3%)	$8,152	1 (3%)	$1,000
Average	23 (52.67%)	$4,874	13 (50.67%)	$1,131	1 (3.00%)	$8,152	2 (6.50%)	$1,000

^*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, 34 (78.22 % of students) get any students loan help and its average loan amount is $34.

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	54 (77%)	$10,346	54 (77%)	$10,346	-	-
2014-15	45 (92%)	$10,774	45 (92%)	$10,774	-	-
2015-16	46 (84%)	$8,932	46 (84%)	$8,932	-	-
2016-17	46 (82%)	$9,566	46 (82%)	$9,566	-	-
2017-18	31 (76%)	$9,443	31 (76%)	$9,443	-	-
2018-19	27 (84%)	$8,903	27 (84%)	$8,903	-	-
2019-20	19 (63%)	$8,728	19 (63%)	$8,728	-	-
2020-21	13 (68%)	$10,175	13 (68%)	$10,175	-	-
2021-22	28 (78%)	$8,488	28 (78%)	$8,488	-	-
Average	34 (78.22%)	$9,484	34 (78.22%)	$9,484	-	-

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Scholarships, Grants, and Loan Trends at Paul Mitchell the School-Michigan

All Undergraduate Students Financial Aid Over Time

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