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

Over the past 5 years (2018-2022), the average number of students who received grants aid/scholarships is 50, which is 38.33 % of all undergraduate students. 80 students which is 62.67% of undergraduate students received federal student loans and the average loan amount is $5,497.

For full-time, first-time beginning students (freshmen), 71.33% of students received grants or scholarships and 88% 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-Washington DC since 2018.

For that period, the average number of students who received grants aid/scholarships is 50, which is 38.33 % of all undergraduate students. 80 students which is 62.67% of undergraduate students received federal student loans and the average loan amount is $5,497.

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
2018-19	-	-	-	-	-	-
2019-20	51 (55%)	$5,687	51 (55%)	$5,590	88 (96%)	$6,542
2020-21	85 (52%)	$3,715	85 (52%)	$3,618	98 (60%)	$6,159
2021-22	13 (8%)	$2,918	13 (8%)	$2,791	55 (32%)	$3,791
Average	50 (38.33%)	$4,107	50 (38.33%)	$4,000	80 (62.67%)	$5,497

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

Overview

For the last 5 years, on average, 14 (71.33 % of students) received grants or scholarships and its average amount is $4,933. It can cover 23.95% of tuition & fees ($20,600).

In addition, 17 (87.67 % of students) students get helped from the students loans (average amount : $9,279).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2018-19	-	-	-	-
2019-20	26 (87%)	$4,062	26 (87%)	$9,402
2020-21	6 (75%)	$7,289	8 (100%)	$10,552
2021-22	11 (52%)	$3,448	16 (76%)	$7,883
Average	14 (71.33%)	$4,933	17 (87.67%)	$9,279

^*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 5 years, on average, 14 (71.33 % of students) received Pell (federal) grants and its average amount is $4,833.

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
2018-19	-	-	-	-	-	-	-	-
2019-20	26 (87%)	$4,062	-	-	-	-	-	-
2020-21	6 (75%)	$7,139	6 (75%)	$150	-	-	-	-
2021-22	11 (52%)	$3,298	11 (52%)	$150	-	-	-	-
Average	14 (71.33%)	$4,833	9 (63.50%)	$150	-	-	-	-

^*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 5 years, on average, 17 (87.67 % of students) get any students loan help and its average loan amount is $17.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2018-19	-	-	-	-	-	-
2019-20	26 (87%)	$9,402	26 (87%)	$9,402	-	-
2020-21	8 (100%)	$10,552	8 (100%)	$10,552	-	-
2021-22	16 (76%)	$7,883	16 (76%)	$7,883	-	-
Average	17 (87.67%)	$9,279	17 (87.67%)	$9,279	-	-

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