Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,693, which is 47.56 % of all undergraduate students. 2,045 students which is 56.89% of undergraduate students received federal student loans and the average loan amount is $7,770.

For full-time, first-time beginning students (freshmen), 55.44% of students received grants or scholarships and 81% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Aveda Arts & Sciences Institute-Covington since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,693, which is 47.56 % of all undergraduate students. 2,045 students which is 56.89% of undergraduate students received federal student loans and the average loan amount is $7,770.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,408 (82%)$3,5961,385 (80%)$3,6231,561 (91%)$9,660
2014-151,216 (28%)$4,7011,021 (24%)$4,3851,895 (44%)$7,265
2015-161,750 (45%)$4,8511,613 (41%)$4,4022,065 (53%)$8,037
2016-171,612 (41%)$5,0561,436 (37%)$4,4461,969 (50%)$7,906
2017-181,585 (41%)$5,2111,449 (38%)$4,8332,015 (53%)$7,382
2018-191,642 (41%)$5,0601,532 (38%)$4,6732,133 (53%)$7,396
2019-201,785 (43%)$4,8611,695 (40%)$4,6382,179 (52%)$7,526
2020-212,057 (56%)$5,0151,995 (54%)$4,7962,282 (62%)$7,425
2021-222,179 (51%)$5,0812,110 (49%)$4,8742,303 (54%)$7,330
Average1,693 (47.56%)$4,8261,582 (44.56%)$4,5192,045 (56.89%)$7,770
*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.

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

For the last 10 years, on average, 363 (55.44 % of students) received grants or scholarships and its average amount is $4,754. It can cover 23.19% of tuition & fees ($20,500).

In addition, 531 (81.33 % of students) students get helped from the students loans (average amount : $10,239).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14545 (74%)$3,857601 (82%)$8,453
2014-15178 (41%)$3,889246 (57%)$13,137
2015-16353 (59%)$4,770548 (91%)$10,784
2016-17379 (55%)$4,873615 (89%)$10,050
2017-18325 (51%)$5,144515 (81%)$10,306
2018-19318 (55%)$5,319532 (93%)$10,158
2019-20405 (63%)$4,962580 (90%)$9,515
2020-21419 (64%)$4,918600 (92%)$9,529
2021-22349 (37%)$5,055545 (57%)$10,219
Average363 (55.44%)$4,754531 (81.33%)$10,239
*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.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 334 (50.67 % of students) received Pell (federal) grants and its average amount is $4,807.

In addition, 9 students received State/local government grants/scholarships (2.00 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14505 (69%)$4,025--30 (4%)$49410 (1%)$5,455
2014-15124 (29%)$4,675--7 (2%)$2,02947 (11%)$2,094
2015-16329 (55%)$4,650--2 (0%)$8,39955 (9%)$2,493
2016-17333 (48%)$4,819--4 (1%)$7,38072 (10%)$2,953
2017-18293 (46%)$5,171--3 (0%)$3,54948 (8%)$3,045
2018-19297 (52%)$5,308--2 (0%)$3,69033 (6%)$3,265
2019-20381 (59%)$4,995--11 (2%)$1,75528 (4%)$3,118
2020-21404 (62%)$4,770--14 (2%)$1,86716 (2%)$6,730
2021-22340 (36%)$4,846--5 (1%)$4,74412 (1%)$7,745
Average334 (50.67%)$4,807--9 (2.00%)$3,76736 (5.78%)$4,100
*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.

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, 531 (81.33 % of students) get any students loan help and its average loan amount is $531.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14601 (82%)$8,453588 (80%)$8,00152 (7%)$7,224
2014-15246 (57%)$13,137241 (56%)$8,056215 (50%)$6,001
2015-16548 (91%)$10,784425 (71%)$8,524289 (48%)$7,914
2016-17615 (89%)$10,050497 (72%)$8,272310 (45%)$6,675
2017-18515 (81%)$10,306431 (68%)$8,222268 (42%)$6,582
2018-19532 (93%)$10,158407 (71%)$8,007278 (49%)$7,717
2019-20580 (90%)$9,515459 (71%)$7,358322 (50%)$6,650
2020-21600 (92%)$9,529474 (72%)$7,210389 (59%)$5,913
2021-22545 (57%)$10,219404 (42%)$7,150378 (40%)$7,092
Average531 (81.33%)$10,239436 (67.00%)$7,867278 (43.33%)$6,863

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