How The Salon Professional Academy-Melbourne'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 Salon Professional Academy-Melbourne since 2013.

For that period, the average number of students who received grants aid/scholarships is 141, which is 78.44 % of all undergraduate students. 130 students which is 73.33% of undergraduate students received federal student loans and the average loan amount is $5,866.

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	88 (88%)	$7,969	76 (76%)	$4,128	88 (88%)	$6,909
2014-15	74 (82%)	$4,913	74 (82%)	$4,913	81 (90%)	$8,666
2015-16	124 (79%)	$3,960	112 (71%)	$3,848	110 (70%)	$6,461
2016-17	159 (87%)	$3,641	134 (74%)	$3,518	137 (75%)	$6,154
2017-18	124 (83%)	$3,210	96 (64%)	$3,162	96 (64%)	$4,919
2018-19	126 (67%)	$3,364	105 (56%)	$3,686	121 (65%)	$4,974
2019-20	175 (70%)	$3,801	138 (55%)	$3,465	161 (65%)	$4,613
2020-21	210 (79%)	$3,889	165 (62%)	$4,111	194 (73%)	$5,155
2021-22	185 (71%)	$3,346	137 (52%)	$3,877	184 (70%)	$4,946
Average	141 (78.44%)	$4,233	115 (65.78%)	$3,856	130 (73.33%)	$5,866

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

Overview

For the last 10 years, on average, 56 (74.78 % of students) received grants or scholarships and its average amount is $4,265. It can cover 29.37% of tuition & fees ($14,520).

In addition, 54 (72.44 % of students) students get helped from the students loans (average amount : $5,927).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	61 (62%)	$5,241	68 (69%)	$5,234
2014-15	74 (85%)	$4,784	80 (92%)	$8,774
2015-16	43 (73%)	$4,151	39 (66%)	$6,187
2016-17	50 (79%)	$3,920	46 (73%)	$6,148
2017-18	50 (83%)	$4,567	44 (73%)	$6,471
2018-19	35 (64%)	$3,571	35 (64%)	$5,196
2019-20	48 (72%)	$4,610	46 (69%)	$5,269
2020-21	72 (81%)	$4,009	62 (70%)	$4,903
2021-22	67 (74%)	$3,531	68 (76%)	$5,158
Average	56 (74.78%)	$4,265	54 (72.44%)	$5,927

^*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, 48 (64.56 % of students) received Pell (federal) grants and its average amount is $4,224.

In addition, 2 students received State/local government grants/scholarships (2.00 % 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	61 (62%)	$5,143	-	-	2 (2%)	$2,488	1 (1%)	$1,000
2014-15	74 (85%)	$4,771	-	-	-	-	1 (1%)	$1,000
2015-16	38 (64%)	$4,028	-	-	-	-	15 (25%)	$1,693
2016-17	40 (63%)	$3,719	-	-	-	-	26 (41%)	$1,817
2017-18	43 (72%)	$4,011	-	-	-	-	37 (62%)	$1,510
2018-19	32 (58%)	$3,701	-	-	-	-	7 (13%)	$940
2019-20	41 (61%)	$4,103	23 (34%)	$1,838	-	-	12 (18%)	$898
2020-21	57 (64%)	$4,145	54 (61%)	$557	2 (2%)	$1,708	15 (17%)	$1,257
2021-22	47 (52%)	$4,396	37 (41%)	$446	-	-	9 (10%)	$1,500
Average	48 (64.56%)	$4,224	38 (45.33%)	$947	2 (2.00%)	$2,098	14 (20.89%)	$1,291

^*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, 54 (72.44 % of students) get any students loan help and its average loan amount is $54.

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	68 (69%)	$5,234	68 (69%)	$5,234	-	-
2014-15	80 (92%)	$8,774	80 (92%)	$8,774	-	-
2015-16	39 (66%)	$6,187	39 (66%)	$6,187	-	-
2016-17	46 (73%)	$6,148	46 (73%)	$6,148	-	-
2017-18	44 (73%)	$6,471	44 (73%)	$6,471	-	-
2018-19	35 (64%)	$5,196	35 (64%)	$5,196	-	-
2019-20	46 (69%)	$5,269	46 (69%)	$5,269	-	-
2020-21	62 (70%)	$4,903	62 (70%)	$4,903	-	-
2021-22	68 (76%)	$5,158	68 (76%)	$5,158	-	-
Average	54 (72.44%)	$5,927	54 (72.44%)	$5,927	-	-

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

All Undergraduate Students Financial Aid Over Time

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