Scholarships, Grants, and Loan Trends at Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School

Over the past 4 years (2019-2022), the average number of students who received grants aid/scholarships is 37, which is 84.00 % of all undergraduate students. 25 students which is 49.00% of undergraduate students received federal student loans and the average loan amount is $9,771.

For full-time, first-time beginning students (freshmen), 76.00% of students received grants or scholarships and 79% 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 Taylor Andrews Academy of Hair Design-Hair Lab Detroit Barber School since 2019.

For that period, the average number of students who received grants aid/scholarships is 37, which is 84.00 % of all undergraduate students. 25 students which is 49.00% of undergraduate students received federal student loans and the average loan amount is $9,771.

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
2019-20	19 (100%)	$6,272	5 (26%)	$5,730	6 (32%)	$10,239
2020-21	37 (73%)	$4,076	26 (51%)	$4,909	30 (59%)	$9,191
2021-22	54 (79%)	$11,235	40 (59%)	$5,214	38 (56%)	$9,883
Average	37 (84.00%)	$7,194	24 (45.33%)	$5,284	25 (49.00%)	$9,771

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

Overview

For the last 4 years, on average, 7 (76.00 % of students) received grants or scholarships and its average amount is $6,396. It can cover 33.84% of tuition & fees ($18,900).

In addition, 7 (78.67 % of students) students get helped from the students loans (average amount : $9,980).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2019-20	6 (100%)	$6,916	6 (100%)	$10,030
2020-21	4 (57%)	$5,459	4 (57%)	$11,092
2021-22	10 (71%)	$6,813	11 (79%)	$8,818
Average	7 (76.00%)	$6,396	7 (78.67%)	$9,980

^*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, 5 (43.67 % of students) received Pell (federal) grants and its average amount is $5,503.

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
2019-20	1 (17%)	$6,195	6 (100%)	$551	-	-	4 (67%)	$8,000
2020-21	3 (43%)	$4,245	2 (29%)	$551	-	-	1 (14%)	$8,000
2021-22	10 (71%)	$6,070	2 (14%)	$457	-	-	1 (7%)	$6,518
Average	5 (43.67%)	$5,503	3 (47.67%)	$520	-	-	2 (29.33%)	$7,506

^*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, 7 (78.67 % of students) get any students loan help and its average loan amount is $7.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2019-20	6 (100%)	$10,030	2 (33%)	$9,500	4 (67%)	$10,295
2020-21	4 (57%)	$11,092	3 (43%)	$8,667	1 (14%)	$18,369
2021-22	11 (79%)	$8,818	11 (79%)	$8,818	-	-
Average	7 (78.67%)	$9,980	5 (51.67%)	$8,995	3 (40.50%)	$14,332

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