Scholarships, Grants, and Loan Trends at Pro Beauty Academy

Over the past 5 years (2018-2022), the average number of students who received grants aid/scholarships is 49, which is 27.50 % of all undergraduate students. 42 students which is 26.25% of undergraduate students received federal student loans and the average loan amount is $5,116.

For full-time, first-time beginning students (freshmen), 20.50% of students received grants or scholarships and 32% 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 Pro Beauty Academy since 2018.

For that period, the average number of students who received grants aid/scholarships is 49, which is 27.50 % of all undergraduate students. 42 students which is 26.25% of undergraduate students received federal student loans and the average loan amount is $5,116.

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	11 (13%)	$2,933	11 (13%)	$2,933	10 (12%)	$5,031
2019-20	33 (33%)	$3,148	33 (33%)	$3,148	42 (42%)	$2,889
2020-21	61 (32%)	$4,560	54 (28%)	$4,200	55 (29%)	$7,105
2021-22	90 (32%)	$4,190	78 (28%)	$4,163	61 (22%)	$5,437
Average	49 (27.50%)	$3,708	44 (25.50%)	$3,611	42 (26.25%)	$5,116

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

Overview

For the last 5 years, on average, 5 (20.50 % of students) received grants or scholarships and its average amount is $5,585. It can cover 56.13% of tuition & fees ($9,950).

In addition, 8 (31.75 % of students) students get helped from the students loans (average amount : $7,426).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2018-19	2 (11%)	$6,095	2 (11%)	$10,250
2019-20	1 (6%)	$6,095	3 (19%)	$7,167
2020-21	10 (29%)	$4,561	16 (47%)	$6,135
2021-22	8 (36%)	$5,589	11 (50%)	$6,150
Average	5 (20.50%)	$5,585	8 (31.75%)	$7,426

^*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, 5 (20.50 % of students) received Pell (federal) grants and its average amount is $5,585.

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
2018-19	2 (11%)	$6,095	-	-	-	-	-	-
2019-20	1 (6%)	$6,095	-	-	-	-	-	-
2020-21	10 (29%)	$4,561	-	-	-	-	-	-
2021-22	8 (36%)	$5,589	-	-	-	-	-	-
Average	5 (20.50%)	$5,585	-	-	-	-	-	-

^*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, 8 (31.75 % of students) get any students loan help and its average loan amount is $8.

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	2 (11%)	$10,250	2 (11%)	$10,250	-	-
2019-20	3 (19%)	$7,167	3 (19%)	$7,167	-	-
2020-21	16 (47%)	$6,135	16 (47%)	$6,135	-	-
2021-22	11 (50%)	$6,150	11 (50%)	$6,150	-	-
Average	8 (31.75%)	$7,426	8 (31.75%)	$7,426	-	-

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