Scholarships, Grants, and Loan Trends at The Professional Cosmetology Academy

Over the past 4 years (2019-2022), the average number of students who received grants aid/scholarships is 63, which is 56.67 % of all undergraduate students. 50 students which is 36.50% of undergraduate students received federal student loans and the average loan amount is $3,899.

For full-time, first-time beginning students (freshmen), 53.00% of students received grants or scholarships and 60% 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 The Professional Cosmetology Academy since 2019.

For that period, the average number of students who received grants aid/scholarships is 63, which is 56.67 % of all undergraduate students. 50 students which is 36.50% of undergraduate students received federal student loans and the average loan amount is $3,899.

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	39 (48%)	$4,295	-	-	-	-
2020-21	54 (53%)	$4,576	47 (46%)	$4,482	5 (5%)	$2,275
2021-22	96 (69%)	$4,456	96 (69%)	$4,456	95 (68%)	$5,523
Average	63 (56.67%)	$4,442	72 (57.50%)	$4,469	50 (36.50%)	$3,899

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

Overview

For the last 4 years, on average, 16 (53.00 % of students) received grants or scholarships and its average amount is $4,648. It can cover 52.52% of tuition & fees ($8,850).

In addition, 18 (60.00 % of students) students get helped from the students loans (average amount : $5,992).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2019-20	15 (50%)	$4,197	-	-
2020-21	11 (39%)	$4,578	-	-
2021-22	21 (70%)	$5,168	18 (60%)	$5,992
Average	16 (53.00%)	$4,648	18 (60.00%)	$5,992

^*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, 16 (53.00 % of students) received Pell (federal) grants and its average amount is $4,959.

In addition, 1 students received State/local government grants/scholarships (3.00 % 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
2019-20	-	-	-	-	1 (3%)	$2,065	14 (47%)	$4,350
2020-21	10 (36%)	$4,749	-	-	-	-	1 (4%)	$2,865
2021-22	21 (70%)	$5,168	-	-	-	-	-	-
Average	16 (53.00%)	$4,959	-	-	1 (3.00%)	$2,065	8 (25.50%)	$3,608

^*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, 18 (60.00 % of students) get any students loan help and its average loan amount is $18.

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	-	-	-	-	-	-
2020-21	-	-	-	-	-	-
2021-22	18 (60%)	$5,992	18 (60%)	$5,992	-	-
Average	18 (60.00%)	$5,992	18 (60.00%)	$5,992	-	-

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