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

Over the past 5 years (2018-2022), the average number of students who received grants aid/scholarships is 33, which is 70.75 % of all undergraduate students. 20 students which is 42.00% of undergraduate students received federal student loans and the average loan amount is $7,194.

For full-time, first-time beginning students (freshmen), 81.50% of students received grants or scholarships and 55% 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 Premier Academy of Cosmetology since 2018.

For that period, the average number of students who received grants aid/scholarships is 33, which is 70.75 % of all undergraduate students. 20 students which is 42.00% of undergraduate students received federal student loans and the average loan amount is $7,194.

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	20 (56%)	$2,500	11 (31%)	$3,348	2 (6%)	$7,052
2019-20	40 (89%)	$4,107	34 (76%)	$4,173	22 (49%)	$8,150
2020-21	31 (66%)	$5,156	29 (62%)	$4,292	27 (57%)	$7,871
2021-22	39 (72%)	$4,552	34 (63%)	$4,342	30 (56%)	$5,702
Average	33 (70.75%)	$4,079	27 (58.00%)	$4,039	20 (42.00%)	$7,194

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

Overview

For the last 5 years, on average, 16 (81.50 % of students) received grants or scholarships and its average amount is $4,606. It can cover 31.76% of tuition & fees ($14,500).

In addition, 11 (54.67 % of students) students get helped from the students loans (average amount : $7,481).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2018-19	11 (55%)	$3,348	-	-
2019-20	28 (85%)	$3,925	19 (58%)	$7,718
2020-21	11 (92%)	$6,428	6 (50%)	$8,759
2021-22	15 (94%)	$4,722	9 (56%)	$5,966
Average	16 (81.50%)	$4,606	11 (54.67%)	$7,481

^*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, 15 (75.50 % of students) received Pell (federal) grants and its average amount is $4,347.

In addition, 6 students received State/local government grants/scholarships (18.00 % 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
2018-19	11 (55%)	$3,348	-	-	-	-	-	-
2019-20	22 (67%)	$3,977	-	-	6 (18%)	$3,733	-	-
2020-21	11 (92%)	$5,519	3 (25%)	$3,333	-	-	-	-
2021-22	14 (88%)	$4,542	2 (13%)	$3,625	-	-	-	-
Average	15 (75.50%)	$4,347	3 (19.00%)	$3,479	6 (18.00%)	$3,733	-	-

^*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, 11 (54.67 % of students) get any students loan help and its average loan amount is $11.

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	-	-	-	-	-	-
2019-20	19 (58%)	$7,718	19 (58%)	$7,718	-	-
2020-21	6 (50%)	$8,759	6 (50%)	$8,759	-	-
2021-22	9 (56%)	$5,966	9 (56%)	$5,966	-	-
Average	11 (54.67%)	$7,481	11 (54.67%)	$7,481	-	-

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