Scholarships, Grants, and Loan Trends at The Salon Professional Academy-Georgetown

Over the past 6 years (2017-2022), the average number of students who received grants aid/scholarships is 30, which is 42.80 % of all undergraduate students. 40 students which is 55.80% of undergraduate students received federal student loans and the average loan amount is $7,542.

For full-time, first-time beginning students (freshmen), 62.25% of students received grants or scholarships and 76% 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 Salon Professional Academy-Georgetown since 2017.

For that period, the average number of students who received grants aid/scholarships is 30, which is 42.80 % of all undergraduate students. 40 students which is 55.80% of undergraduate students received federal student loans and the average loan amount is $7,542.

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
2017-18	4 (8%)	$3,563	4 (8%)	$3,563	2 (4%)	$9,500
2018-19	28 (41%)	$5,927	28 (41%)	$5,927	38 (56%)	$9,298
2019-20	54 (78%)	$4,420	37 (54%)	$4,531	55 (80%)	$4,572
2020-21	36 (49%)	$6,017	36 (49%)	$5,361	50 (68%)	$6,515
2021-22	30 (38%)	$7,489	28 (36%)	$6,316	55 (71%)	$7,826
Average	30 (42.80%)	$5,483	27 (37.60%)	$5,140	40 (55.80%)	$7,542

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

Overview

For the last 6 years, on average, 22 (62.25 % of students) received grants or scholarships and its average amount is $5,799. It can cover 38.34% of tuition & fees ($15,125).

In addition, 27 (76.00 % of students) students get helped from the students loans (average amount : $5,880).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2017-18	-	-	-	-
2018-19	15 (60%)	$5,245	22 (88%)	$5,614
2019-20	28 (88%)	$4,750	30 (94%)	$4,572
2020-21	23 (56%)	$6,457	23 (56%)	$4,881
2021-22	21 (45%)	$6,744	31 (66%)	$8,452
Average	22 (62.25%)	$5,799	27 (76.00%)	$5,880

^*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 6 years, on average, 20 (55.00 % of students) received Pell (federal) grants and its average amount is $5,439.

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
2017-18	-	-	-	-	-	-	-	-
2018-19	15 (60%)	$5,245	-	-	-	-	-	-
2019-20	19 (59%)	$5,724	-	-	-	-	18 (56%)	$1,347
2020-21	23 (56%)	$5,457	-	-	-	-	23 (56%)	$1,000
2021-22	21 (45%)	$5,328	14 (30%)	$911	-	-	17 (36%)	$1,000
Average	20 (55.00%)	$5,439	14 (30.00%)	$911	-	-	19 (49.33%)	$1,116

^*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 6 years, on average, 27 (76.00 % of students) get any students loan help and its average loan amount is $27.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2017-18	-	-	-	-	-	-
2018-19	22 (88%)	$5,614	22 (88%)	$5,614	-	-
2019-20	30 (94%)	$4,572	30 (94%)	$4,572	-	-
2020-21	23 (56%)	$4,881	23 (56%)	$4,881	-	-
2021-22	31 (66%)	$8,452	31 (66%)	$8,452	-	-
Average	27 (76.00%)	$5,880	27 (76.00%)	$5,880	-	-

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