Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 118, which is 52.22 % of all undergraduate students. 107 students which is 47.67% of undergraduate students received federal student loans and the average loan amount is $5,543.

For full-time, first-time beginning students (freshmen), 60.11% of students received grants or scholarships and 64% 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 Palomar Institute of Cosmetology since 2013.

For that period, the average number of students who received grants aid/scholarships is 118, which is 52.22 % of all undergraduate students. 107 students which is 47.67% of undergraduate students received federal student loans and the average loan amount is $5,543.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1492 (40%)$3,85385 (37%)$3,949104 (45%)$6,194
2014-15127 (66%)$3,195115 (60%)$3,439121 (63%)$5,180
2015-16142 (65%)$3,330134 (61%)$3,371132 (60%)$5,273
2016-1795 (47%)$3,83492 (45%)$3,849110 (54%)$5,999
2017-18113 (50%)$3,414110 (49%)$3,414110 (49%)$5,148
2018-19120 (48%)$3,731116 (47%)$3,678108 (44%)$5,349
2019-20141 (65%)$3,37599 (45%)$3,58996 (44%)$5,626
2020-2175 (36%)$2,98771 (34%)$2,94365 (31%)$5,541
2021-22159 (53%)$3,594115 (38%)$3,759118 (39%)$5,576
Average118 (52.22%)$3,479104 (46.22%)$3,555107 (47.67%)$5,543
*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, 29 (60.11 % of students) received grants or scholarships and its average amount is $4,079. It can cover 24.28% of tuition & fees ($16,800).

In addition, 30 (64.44 % of students) students get helped from the students loans (average amount : $5,615).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1432 (68%)$4,13736 (77%)$6,122
2014-1529 (66%)$4,22134 (77%)$5,388
2015-1634 (63%)$3,69239 (72%)$5,408
2016-1717 (59%)$4,07122 (76%)$6,420
2017-1825 (53%)$3,66326 (55%)$5,221
2018-1933 (59%)$4,60631 (55%)$5,675
2019-2040 (87%)$3,75932 (70%)$5,304
2020-2114 (40%)$3,85117 (49%)$5,474
2021-2233 (46%)$4,70935 (49%)$5,519
Average29 (60.11%)$4,07930 (64.44%)$5,615
*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, 27 (55.78 % of students) received Pell (federal) grants and its average amount is $4,075.

In addition, 2 students received State/local government grants/scholarships (3.60 % 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
2013-1432 (68%)$3,99024 (51%)$197----
2014-1528 (64%)$4,19723 (52%)$159--23 (52%)$53
2015-1631 (57%)$3,75523 (43%)$1452 (4%)$2,34223 (43%)$48
2016-1717 (59%)$4,071------
2017-1824 (51%)$3,703--1 (2%)$2,692--
2018-1933 (59%)$4,429--1 (2%)$5,865--
2019-2028 (61%)$3,84437 (80%)$9393 (7%)$2,648--
2020-2113 (37%)$3,977--1 (3%)$2,212--
2021-2233 (46%)$4,709------
Average27 (55.78%)$4,07527 (56.50%)$3602 (3.60%)$3,15223 (47.50%)$51
*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, 30 (64.44 % of students) get any students loan help and its average loan amount is $30.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1436 (77%)$6,12236 (77%)$6,122--
2014-1534 (77%)$5,38834 (77%)$5,388--
2015-1639 (72%)$5,40839 (72%)$5,408--
2016-1722 (76%)$6,42022 (76%)$6,420--
2017-1826 (55%)$5,22126 (55%)$5,221--
2018-1931 (55%)$5,67531 (55%)$5,675--
2019-2032 (70%)$5,30432 (70%)$5,304--
2020-2117 (49%)$5,47417 (49%)$5,474--
2021-2235 (49%)$5,51935 (49%)$5,519--
Average30 (64.44%)$5,61530 (64.44%)$5,615--

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