Scholarships, Grants, and Loan Trends at Setting the Standard Barbering and Natural Hair Academy

Over the past 8 years (2013-2020), the average number of students who received grants aid/scholarships is 20, which is 61.86 % of all undergraduate students. 15 students which is 48.00% of undergraduate students received federal student loans and the average loan amount is $7,732.
For full-time, first-time beginning students (freshmen), 79.86% of students received grants or scholarships and 65% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Setting the Standard Barbering and Natural Hair Academy since 2013.
For that period, the average number of students who received grants aid/scholarships is 20, which is 61.86 % of all undergraduate students. 15 students which is 48.00% of undergraduate students received federal student loans and the average loan amount is $7,732.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1414 (70%)$3,48614 (70%)$3,25011 (55%)$3,928
2014-1513 (57%)$4,43913 (57%)$4,43912 (52%)$7,664
2015-1624 (77%)$4,14024 (77%)$4,14017 (55%)$8,706
2016-1723 (64%)$4,85223 (64%)$4,85215 (42%)$9,033
2017-1822 (65%)$4,69122 (65%)$4,69114 (41%)$8,713
2018-1930 (64%)$5,34030 (64%)$5,34026 (55%)$9,508
2019-2012 (36%)$4,07312 (36%)$4,07312 (36%)$6,575
Average20 (61.86%)$4,43220 (61.86%)$4,39815 (48.00%)$7,732

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

For the last 8 years, on average, 14 (79.86 % of students) received grants or scholarships and its average amount is $4,827. It can cover 31.46% of tuition & fees ($15,345).
In addition, 11 (64.71 % of students) students get helped from the students loans (average amount : $8,296).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1412 (71%)$3,32110 (59%)$4,129
2014-159 (90%)$5,0658 (80%)$8,906
2015-1624 (77%)$4,14017 (55%)$8,706
2016-1713 (87%)$4,7989 (60%)$7,861
2017-1817 (100%)$4,79911 (65%)$9,329
2018-1921 (91%)$5,82421 (91%)$9,643
2019-203 (43%)$5,8453 (43%)$9,500
Average14 (79.86%)$4,82711 (64.71%)$8,296
*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.
The following table shows the trends of grants or scholarships over time. For the last 8 years, on average, 14 (79.86 % of students) received Pell (federal) grants and its average amount is $4,827.
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1412 (71%)$3,321------
2014-159 (90%)$5,065------
2015-1624 (77%)$4,140------
2016-1713 (87%)$4,798------
2017-1817 (100%)$4,799------
2018-1921 (91%)$5,824------
2019-203 (43%)$5,845------
Average14 (79.86%)$4,827------
*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..
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 8 years, on average, 11 (64.71 % of students) get any students loan help and its average loan amount is $11.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1410 (59%)$4,12910 (59%)$4,129--
2014-158 (80%)$8,9068 (80%)$8,906--
2015-1617 (55%)$8,70617 (55%)$8,706--
2016-179 (60%)$7,8619 (60%)$7,861--
2017-1811 (65%)$9,32911 (65%)$9,329--
2018-1921 (91%)$9,64321 (91%)$9,643--
2019-203 (43%)$9,5003 (43%)$9,500--
Average11 (64.71%)$8,29611 (64.71%)$8,296--
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