Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 352, which is 84.22 % of all undergraduate students. 321 students which is 76.11% of undergraduate students received federal student loans and the average loan amount is $5,480.

For full-time, first-time beginning students (freshmen), 82.22% of students received grants or scholarships and 73% 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-Troy since 2013.

For that period, the average number of students who received grants aid/scholarships is 352, which is 84.22 % of all undergraduate students. 321 students which is 76.11% of undergraduate students received federal student loans and the average loan amount is $5,480.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14221 (71%)$4,506203 (65%)$4,279229 (74%)$6,422
2014-15364 (100%)$5,225263 (72%)$4,812288 (79%)$7,536
2015-16374 (100%)$2,751228 (61%)$3,382258 (69%)$5,168
2016-17416 (100%)$7,134298 (72%)$3,940329 (79%)$5,452
2017-18419 (100%)$8,767310 (74%)$4,449346 (83%)$6,631
2018-19295 (67%)$4,526295 (67%)$3,326290 (66%)$5,616
2019-20375 (77%)$3,947375 (77%)$3,947421 (86%)$5,230
2020-21398 (77%)$8,061345 (67%)$4,330381 (74%)$4,500
2021-22305 (66%)$5,084305 (66%)$1,939347 (75%)$2,764
Average352 (84.22%)$5,556291 (69.00%)$3,823321 (76.11%)$5,480
*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, 206 (82.22 % of students) received grants or scholarships and its average amount is $4,187. It can cover 19.47% of tuition & fees ($21,500).

In addition, 186 (72.89 % of students) students get helped from the students loans (average amount : $6,410).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14193 (73%)$4,563183 (69%)$8,037
2014-15218 (100%)$3,265174 (80%)$7,229
2015-16195 (100%)$2,69993 (48%)$6,395
2016-17276 (100%)$3,535216 (78%)$5,303
2017-18275 (100%)$5,312225 (82%)$7,127
2018-19137 (59%)$5,099136 (58%)$6,161
2019-20213 (73%)$4,537247 (85%)$5,923
2020-21191 (69%)$4,953217 (79%)$6,301
2021-22159 (66%)$3,720184 (77%)$5,213
Average206 (82.22%)$4,187186 (72.89%)$6,410
*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, 168 (65.78 % of students) received Pell (federal) grants and its average amount is $4,405.

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
2013-14181 (69%)$4,332----193 (73%)$500
2014-15121 (56%)$4,982----218 (100%)$500
2015-16101 (52%)$4,246----195 (100%)$500
2016-17199 (72%)$4,210----276 (100%)$500
2017-18208 (76%)$4,869----275 (100%)$1,629
2018-19137 (59%)$3,796----137 (59%)$1,303
2019-20213 (73%)$4,537------
2020-21191 (69%)$4,953------
2021-22159 (66%)$3,720------
Average168 (65.78%)$4,405----216 (88.67%)$822
*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, 186 (72.89 % of students) get any students loan help and its average loan amount is $186.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14183 (69%)$8,037183 (69%)$8,037--
2014-15174 (80%)$7,229174 (80%)$7,229--
2015-1693 (48%)$6,39593 (48%)$6,395--
2016-17216 (78%)$5,303216 (78%)$5,303--
2017-18225 (82%)$7,127225 (82%)$7,127--
2018-19136 (58%)$6,161136 (58%)$6,161--
2019-20247 (85%)$5,923247 (85%)$5,923--
2020-21217 (79%)$6,301217 (79%)$6,301--
2021-22184 (77%)$5,213184 (77%)$5,213--
Average186 (72.89%)$6,410186 (72.89%)$6,410--

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