How Salon & Spa Institute'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 Salon & Spa Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 89, which is 71.44 % of all undergraduate students. 86 students which is 69.33% of undergraduate students received federal student loans and the average loan amount is $5,425.

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	89 (58%)	$4,870	89 (58%)	$4,870	87 (57%)	$9,186
2014-15	77 (67%)	$3,955	77 (67%)	$3,955	76 (66%)	$6,442
2015-16	30 (33%)	$3,786	30 (33%)	$3,786	40 (44%)	$4,281
2016-17	103 (74%)	$2,538	103 (74%)	$2,538	108 (78%)	$4,355
2017-18	98 (77%)	$4,541	98 (77%)	$4,541	97 (76%)	$5,254
2018-19	95 (86%)	$4,248	95 (86%)	$4,248	90 (81%)	$5,396
2019-20	103 (78%)	$3,532	89 (67%)	$4,087	90 (68%)	$5,268
2020-21	105 (88%)	$2,810	80 (67%)	$3,688	87 (73%)	$4,395
2021-22	104 (82%)	$3,749	104 (82%)	$3,749	103 (81%)	$4,246
Average	89 (71.44%)	$3,781	85 (67.89%)	$3,940	86 (69.33%)	$5,425

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

Overview

For the last 10 years, on average, 38 (76.67 % of students) received grants or scholarships and its average amount is $4,341. It can cover 31.00% of tuition & fees ($14,000).

In addition, 38 (75.56 % of students) students get helped from the students loans (average amount : $6,203).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	74 (80%)	$4,879	72 (77%)	$9,867
2014-15	51 (85%)	$4,222	48 (80%)	$7,484
2015-16	17 (28%)	$3,413	22 (37%)	$4,098
2016-17	39 (100%)	$4,710	36 (92%)	$7,798
2017-18	30 (91%)	$3,636	28 (85%)	$4,861
2018-19	40 (80%)	$5,089	40 (80%)	$6,168
2019-20	50 (79%)	$4,220	49 (78%)	$5,312
2020-21	39 (72%)	$3,964	41 (76%)	$4,791
2021-22	3 (75%)	$4,932	3 (75%)	$5,451
Average	38 (76.67%)	$4,341	38 (75.56%)	$6,203

^*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, 38 (76.67 % of students) received Pell (federal) grants and its average amount is $4,332.

In addition, 2 students received State/local government grants/scholarships (2.00 % 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	74 (80%)	$4,834	-	-	2 (2%)	$1,666	-	-
2014-15	51 (85%)	$4,190	-	-	1 (2%)	$1,667	-	-
2015-16	17 (28%)	$3,413	-	-	-	-	-	-
2016-17	39 (100%)	$4,710	-	-	-	-	-	-
2017-18	30 (91%)	$3,636	-	-	-	-	-	-
2018-19	40 (80%)	$5,089	-	-	-	-	-	-
2019-20	50 (79%)	$4,220	-	-	-	-	-	-
2020-21	39 (72%)	$3,964	-	-	-	-	-	-
2021-22	3 (75%)	$4,932	-	-	-	-	-	-
Average	38 (76.67%)	$4,332	-	-	2 (2.00%)	$1,667	-	-

^*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, 38 (75.56 % of students) get any students loan help and its average loan amount is $38.

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	72 (77%)	$9,867	72 (77%)	$9,867	-	-
2014-15	48 (80%)	$7,484	48 (80%)	$7,484	-	-
2015-16	22 (37%)	$4,098	22 (37%)	$4,098	-	-
2016-17	36 (92%)	$7,798	36 (92%)	$7,798	-	-
2017-18	28 (85%)	$4,861	28 (85%)	$4,861	-	-
2018-19	40 (80%)	$6,168	40 (80%)	$6,168	-	-
2019-20	49 (78%)	$5,312	49 (78%)	$5,312	-	-
2020-21	41 (76%)	$4,791	41 (76%)	$4,791	-	-
2021-22	3 (75%)	$5,451	3 (75%)	$5,451	-	-
Average	38 (75.56%)	$6,203	38 (75.56%)	$6,203	-	-

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Scholarships, Grants, and Loan Trends at Salon & Spa Institute

All Undergraduate Students Financial Aid Over Time

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