How PHD Academy'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 The Professional Hair Design Academy since 2013.

For that period, the average number of students who received grants aid/scholarships is 44, which is 53.44 % of all undergraduate students. 39 students which is 47.78% of undergraduate students received federal student loans and the average loan amount is $7,006.

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	77 (59%)	$3,636	76 (58%)	$3,529	67 (51%)	$6,699
2014-15	54 (53%)	$4,011	54 (53%)	$3,816	50 (49%)	$6,494
2015-16	36 (47%)	$3,841	36 (47%)	$3,841	35 (45%)	$7,330
2016-17	37 (49%)	$3,847	37 (49%)	$3,847	41 (55%)	$7,341
2017-18	33 (49%)	$4,822	33 (49%)	$4,822	28 (42%)	$6,534
2018-19	37 (53%)	$3,935	37 (53%)	$3,935	34 (49%)	$6,902
2019-20	25 (44%)	$3,251	23 (40%)	$3,360	19 (33%)	$5,602
2020-21	46 (75%)	$3,872	33 (54%)	$4,662	43 (70%)	$8,619
2021-22	52 (52%)	$5,307	50 (50%)	$5,081	36 (36%)	$7,531
Average	44 (53.44%)	$4,058	42 (50.33%)	$4,099	39 (47.78%)	$7,006

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

Overview

For the last 10 years, on average, 9 (71.22 % of students) received grants or scholarships and its average amount is $4,464. It can cover 37.51% of tuition & fees ($11,900).

In addition, 10 (76.89 % of students) students get helped from the students loans (average amount : $5,751).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	22 (61%)	$4,056	28 (78%)	$4,463
2014-15	4 (57%)	$2,455	6 (86%)	$5,167
2015-16	8 (50%)	$3,753	11 (69%)	$5,141
2016-17	8 (73%)	$4,542	10 (91%)	$4,870
2017-18	10 (83%)	$5,872	10 (83%)	$5,420
2018-19	7 (70%)	$5,566	7 (70%)	$4,343
2019-20	4 (100%)	$2,549	3 (75%)	$4,866
2020-21	7 (64%)	$5,838	9 (82%)	$8,556
2021-22	10 (83%)	$5,541	7 (58%)	$8,935
Average	9 (71.22%)	$4,464	10 (76.89%)	$5,751

^*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, 8 (64.44 % of students) received Pell (federal) grants and its average amount is $4,491.

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
2013-14	21 (58%)	$3,649	2 (6%)	$3,803	1 (3%)	$2,012	1 (3%)	$2,975
2014-15	4 (57%)	$2,455	-	-	-	-	-	-
2015-16	8 (50%)	$3,753	-	-	-	-	-	-
2016-17	8 (73%)	$4,542	-	-	-	-	-	-
2017-18	10 (83%)	$5,872	-	-	-	-	-	-
2018-19	7 (70%)	$5,566	-	-	-	-	-	-
2019-20	2 (50%)	$3,098	-	-	-	-	2 (50%)	$2,000
2020-21	7 (64%)	$5,552	-	-	-	-	2 (18%)	$1,000
2021-22	9 (75%)	$5,934	-	-	-	-	2 (17%)	$1,000
Average	8 (64.44%)	$4,491	2 (6.00%)	$3,803	1 (3.00%)	$2,012	2 (22.00%)	$1,744

^*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, 10 (76.89 % of students) get any students loan help and its average loan amount is $10.

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	28 (78%)	$4,463	28 (78%)	$4,463	-	-
2014-15	6 (86%)	$5,167	6 (86%)	$5,167	-	-
2015-16	11 (69%)	$5,141	11 (69%)	$5,141	-	-
2016-17	10 (91%)	$4,870	10 (91%)	$4,870	-	-
2017-18	10 (83%)	$5,420	10 (83%)	$5,420	-	-
2018-19	7 (70%)	$4,343	7 (70%)	$4,343	-	-
2019-20	3 (75%)	$4,866	3 (75%)	$4,866	-	-
2020-21	9 (82%)	$8,556	9 (82%)	$8,556	-	-
2021-22	7 (58%)	$8,935	7 (58%)	$8,935	-	-
Average	10 (76.89%)	$5,751	10 (76.89%)	$5,751	-	-

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Scholarships, Grants, and Loan Trends at PHD Academy

All Undergraduate Students Financial Aid Over Time

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