Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 105, which is 63.44 % of all undergraduate students. 124 students which is 72.89% of undergraduate students received federal student loans and the average loan amount is $4,739.

For full-time, first-time beginning students (freshmen), 63.22% of students received grants or scholarships and 76% 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 Nova Academy of Cosmetology since 2013.

For that period, the average number of students who received grants aid/scholarships is 105, which is 63.44 % of all undergraduate students. 124 students which is 72.89% of undergraduate students received federal student loans and the average loan amount is $4,739.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1484 (64%)$4,84184 (64%)$3,846101 (77%)$6,261
2014-1585 (75%)$3,41060 (53%)$3,33672 (64%)$4,646
2015-1685 (67%)$3,13468 (54%)$2,26989 (70%)$4,263
2016-17109 (81%)$4,78178 (58%)$3,215114 (84%)$4,947
2017-18104 (63%)$4,55884 (51%)$4,125124 (75%)$4,458
2018-1998 (51%)$4,65781 (42%)$3,974134 (70%)$4,493
2019-20108 (61%)$5,28588 (49%)$4,449131 (74%)$4,707
2020-21135 (56%)$4,474104 (44%)$4,159171 (72%)$4,424
2021-22135 (53%)$4,47091 (36%)$4,586178 (70%)$4,448
Average105 (63.44%)$4,40182 (50.11%)$3,773124 (72.89%)$4,739
*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, 52 (63.22 % of students) received grants or scholarships and its average amount is $4,563. It can cover 21.03% of tuition & fees ($21,700).

In addition, 65 (76.00 % of students) students get helped from the students loans (average amount : $6,053).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1437 (62%)$4,96550 (83%)$6,578
2014-1530 (58%)$4,58232 (62%)$5,331
2015-1621 (84%)$2,57219 (76%)$7,766
2016-1728 (68%)$4,06237 (90%)$5,515
2017-1845 (69%)$5,34654 (83%)$5,026
2018-1959 (56%)$4,66678 (74%)$6,099
2019-2080 (63%)$5,48495 (74%)$6,322
2020-2191 (56%)$4,707119 (73%)$5,731
2021-2277 (53%)$4,679100 (69%)$6,107
Average52 (63.22%)$4,56365 (76.00%)$6,053
*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, 40 (48.22 % of students) received Pell (federal) grants and its average amount is $4,074.

In addition, 46 students received State/local government grants/scholarships (54.56 % 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
2013-1435 (58%)$4,075--37 (62%)$1,110--
2014-1526 (50%)$3,5561 (2%)$9,49124 (46%)$1,479--
2015-1611 (44%)$3,391--14 (56%)$1,194--
2016-1723 (56%)$3,298--26 (63%)$1,457--
2017-1835 (54%)$4,810--41 (63%)$1,761--
2018-1946 (43%)$3,973--51 (48%)$1,815--
2019-2064 (50%)$4,676--71 (55%)$1,964--
2020-2172 (44%)$4,130--81 (50%)$1,617--
2021-2251 (35%)$4,755--70 (48%)$1,683--
Average40 (48.22%)$4,0741 (2.00%)$9,49146 (54.56%)$1,564--
*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, 65 (76.00 % of students) get any students loan help and its average loan amount is $65.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1450 (83%)$6,57845 (75%)$6,8935 (8%)$3,740
2014-1532 (62%)$5,33132 (62%)$5,0062 (4%)$5,200
2015-1619 (76%)$7,76616 (64%)$5,8699 (36%)$5,960
2016-1737 (90%)$5,51537 (90%)$4,64510 (24%)$3,219
2017-1854 (83%)$5,02653 (82%)$4,2028 (12%)$6,091
2018-1978 (74%)$6,09978 (74%)$4,94916 (15%)$5,603
2019-2095 (74%)$6,32294 (73%)$5,09622 (17%)$5,528
2020-21119 (73%)$5,731117 (72%)$4,35924 (15%)$7,168
2021-22100 (69%)$6,107100 (69%)$4,48123 (16%)$7,070
Average65 (76.00%)$6,05364 (73.44%)$5,05613 (16.33%)$5,509

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