How Velvatex College of Beauty Culture'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 Velvatex College of Beauty Culture since 2013.

For that period, the average number of students who received grants aid/scholarships is 16, which is 76.33 % of all undergraduate students. 10 students which is 54.14% of undergraduate students received federal student loans and the average loan amount is $8,586.

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	20 (77%)	$4,595	20 (77%)	$4,595	-	-
2014-15	18 (64%)	$5,730	18 (64%)	$5,730	-	-
2015-16	22 (92%)	$6,548	22 (92%)	$5,775	6 (25%)	$8,040
2016-17	21 (91%)	$6,183	21 (91%)	$5,754	21 (91%)	$5,309
2017-18	13 (87%)	$7,458	11 (73%)	$5,920	9 (60%)	$9,511
2018-19	10 (56%)	$6,095	10 (56%)	$6,095	7 (39%)	$9,403
2019-20	10 (63%)	$10,395	10 (63%)	$5,995	8 (50%)	$7,601
2020-21	10 (71%)	$8,626	8 (57%)	$6,345	8 (57%)	$10,835
2021-22	18 (86%)	$7,495	18 (86%)	$6,495	12 (57%)	$9,400
Average	16 (76.33%)	$7,014	15 (73.22%)	$5,856	10 (54.14%)	$8,586

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

Overview

For the last 10 years, on average, 15 (93.78 % of students) received grants or scholarships and its average amount is $6,902. It can cover 42.53% of tuition & fees ($16,230).

In addition, 10 (68.57 % of students) students get helped from the students loans (average amount : $8,244).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	20 (100%)	$4,595	-	-
2014-15	18 (90%)	$5,730	-	-
2015-16	22 (100%)	$6,548	6 (27%)	$8,040
2016-17	21 (100%)	$6,183	21 (100%)	$5,309
2017-18	13 (100%)	$7,458	9 (69%)	$9,400
2018-19	10 (83%)	$6,095	7 (58%)	$9,403
2019-20	10 (91%)	$6,595	8 (73%)	$7,601
2020-21	8 (80%)	$10,783	8 (80%)	$10,835
2021-22	11 (100%)	$8,131	8 (73%)	$7,119
Average	15 (93.78%)	$6,902	10 (68.57%)	$8,244

^*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, 14 (89.33 % of students) received Pell (federal) grants and its average amount is $5,952.

In addition, 2 students received State/local government grants/scholarships (11.33 % 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	15 (75%)	$5,460	-	-	2 (10%)	$3,000	3 (15%)	$1,333
2014-15	18 (90%)	$5,730	-	-	-	-	-	-
2015-16	22 (100%)	$5,775	-	-	2 (9%)	$500	3 (14%)	$5,333
2016-17	21 (100%)	$5,754	-	-	-	-	2 (10%)	$4,500
2017-18	11 (85%)	$5,920	-	-	2 (15%)	$7,500	2 (15%)	$8,420
2018-19	10 (83%)	$6,095	-	-	-	-	-	-
2019-20	10 (91%)	$5,995	-	-	-	-	1 (9%)	$6,000
2020-21	8 (80%)	$6,345	-	-	-	-	3 (30%)	$11,833
2021-22	11 (100%)	$6,495	-	-	-	-	2 (18%)	$9,000
Average	14 (89.33%)	$5,952	-	-	2 (11.33%)	$3,667	2 (15.86%)	$6,631

^*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 (68.57 % 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	-	-	-	-	-	-
2014-15	-	-	-	-	-	-
2015-16	6 (27%)	$8,040	6 (27%)	$8,040	-	-
2016-17	21 (100%)	$5,309	21 (100%)	$5,309	-	-
2017-18	9 (69%)	$9,400	9 (69%)	$9,400	-	-
2018-19	7 (58%)	$9,403	7 (58%)	$9,403	-	-
2019-20	8 (73%)	$7,601	8 (73%)	$7,601	-	-
2020-21	8 (80%)	$10,835	8 (80%)	$7,051	3 (30%)	$10,090
2021-22	8 (73%)	$7,119	8 (73%)	$7,119	-	-
Average	10 (68.57%)	$8,244	10 (68.57%)	$7,703	3 (30.00%)	$10,090

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Scholarships, Grants, and Loan Trends at Velvatex College of Beauty Culture

All Undergraduate Students Financial Aid Over Time

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