Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 94, which is 58.00 % of all undergraduate students. 86 students which is 54.11% of undergraduate students received federal student loans and the average loan amount is $5,143.

For full-time, first-time beginning students (freshmen), 84.67% of students received grants or scholarships and 65% 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 Michigan College of Beauty-Monroe since 2013.

For that period, the average number of students who received grants aid/scholarships is 94, which is 58.00 % of all undergraduate students. 86 students which is 54.11% of undergraduate students received federal student loans and the average loan amount is $5,143.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14112 (54%)$2,48897 (47%)$2,73475 (36%)$3,382
2014-15155 (66%)$4,952120 (51%)$2,666150 (64%)$3,428
2015-16109 (55%)$3,807109 (55%)$3,80789 (45%)$5,249
2016-1795 (60%)$3,48495 (60%)$3,48496 (61%)$5,249
2017-1880 (54%)$3,44275 (51%)$3,67171 (48%)$6,044
2018-1976 (58%)$3,70376 (58%)$3,66377 (58%)$5,928
2019-2085 (70%)$3,89765 (54%)$4,17997 (80%)$4,609
2020-2149 (51%)$5,96449 (51%)$5,96452 (54%)$6,241
2021-2286 (54%)$6,25252 (33%)$5,28265 (41%)$6,155
Average94 (58.00%)$4,22182 (51.11%)$3,93986 (54.11%)$5,143
*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, 82 (84.67 % of students) received grants or scholarships and its average amount is $2,398. It can cover 15.20% of tuition & fees ($15,775).

In addition, 61 (65.11 % of students) students get helped from the students loans (average amount : $3,376).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14112 (84%)$2,48875 (56%)$3,382
2014-15130 (84%)$2,629142 (92%)$3,521
2015-16109 (83%)$2,32435 (27%)$2,833
2016-1787 (83%)$1,86963 (60%)$2,955
2017-1870 (93%)$2,23938 (51%)$3,307
2018-1949 (71%)$2,56849 (71%)$3,384
2019-2065 (100%)$2,48647 (72%)$3,417
2020-2140 (77%)$2,67548 (92%)$3,809
2021-2275 (87%)$2,30056 (65%)$3,775
Average82 (84.67%)$2,39861 (65.11%)$3,376
*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, 74 (76.11 % of students) received Pell (federal) grants and its average amount is $2,517.

In addition, 6 students received State/local government grants/scholarships (4.00 % 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
2013-1497 (72%)$2,734--10 (7%)$2005 (4%)$2,295
2014-15120 (77%)$2,666--1 (1%)$2009 (6%)$2,411
2015-16109 (83%)$2,324------
2016-1787 (83%)$1,869------
2017-1870 (93%)$2,239------
2018-1949 (71%)$2,568------
2019-2045 (69%)$2,702----20 (31%)$2,000
2020-2140 (77%)$2,675------
2021-2252 (60%)$2,875----23 (27%)$1,000
Average74 (76.11%)$2,517--6 (4.00%)$20014 (17.00%)$1,927
*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.

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, 61 (65.11 % of students) get any students loan help and its average loan amount is $61.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1475 (56%)$3,38275 (56%)$3,382--
2014-15142 (92%)$3,521142 (92%)$3,521--
2015-1635 (27%)$2,83335 (27%)$2,833--
2016-1763 (60%)$2,95563 (60%)$2,955--
2017-1838 (51%)$3,30738 (51%)$3,307--
2018-1949 (71%)$3,38449 (71%)$3,384--
2019-2047 (72%)$3,41747 (72%)$3,417--
2020-2148 (92%)$3,80948 (92%)$3,809--
2021-2256 (65%)$3,77556 (65%)$3,775--
Average61 (65.11%)$3,37661 (65.11%)$3,376--

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