Scholarships, Grants, and Loan Trends at Salon Professional Academy-Elevate Salon Institute

Over the past 4 years (2020-2023), the average number of students who received grants aid/scholarships is 31, which is 55.00 % of all undergraduate students. 36 students which is 59.67% of undergraduate students received federal student loans and the average loan amount is $4,716.

For full-time, first-time beginning students (freshmen), 53.33% of students received grants or scholarships and 57% 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 Salon Professional Academy-Elevate Salon Institute since 2020.

For that period, the average number of students who received grants aid/scholarships is 31, which is 55.00 % of all undergraduate students. 36 students which is 59.67% of undergraduate students received federal student loans and the average loan amount is $4,716.

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
2020-21	37 (77%)	$4,095	20 (42%)	$4,959	25 (52%)	$6,118
2021-22	28 (50%)	$3,167	24 (43%)	$3,111	33 (59%)	$4,497
2022-23	28 (38%)	$3,481	28 (38%)	$3,481	50 (68%)	$3,532
Average	31 (55.00%)	$3,581	24 (41.00%)	$3,850	36 (59.67%)	$4,716

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

Overview

For the last 4 years, on average, 14 (53.33 % of students) received grants or scholarships and its average amount is $4,315. It can cover 99.19% of tuition & fees ($4,350).

In addition, 16 (57.00 % of students) students get helped from the students loans (average amount : $4,953).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2020-21	14 (64%)	$5,730	12 (55%)	$6,571
2021-22	13 (46%)	$3,364	16 (57%)	$4,366
2022-23	16 (50%)	$3,850	19 (59%)	$3,922
Average	14 (53.33%)	$4,315	16 (57.00%)	$4,953

^*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 4 years, on average, 12 (44.67 % of students) received Pell (federal) grants and its average amount is $4,394.

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
2020-21	9 (41%)	$6,156	13 (59%)	$582	-	-	11 (50%)	$1,568
2021-22	12 (43%)	$3,176	7 (25%)	$446	-	-	2 (7%)	$1,250
2022-23	16 (50%)	$3,850	-	-	-	-	-	-
Average	12 (44.67%)	$4,394	10 (42.00%)	$514	-	-	7 (28.50%)	$1,409

^*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 4 years, on average, 16 (57.00 % of students) get any students loan help and its average loan amount is $16.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2020-21	12 (55%)	$6,571	12 (55%)	$6,571	-	-
2021-22	16 (57%)	$4,366	16 (57%)	$4,366	-	-
2022-23	19 (59%)	$3,922	19 (59%)	$3,922	-	-
Average	16 (57.00%)	$4,953	16 (57.00%)	$4,953	-	-

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