Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 657, which is 78.56 % of all undergraduate students. 695 students which is 82.33% of undergraduate students received federal student loans and the average loan amount is $6,378.

For full-time, first-time beginning students (freshmen), 70.56% of students received grants or scholarships and 83% 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 Studio Academy of Beauty since 2013.

For that period, the average number of students who received grants aid/scholarships is 657, which is 78.56 % of all undergraduate students. 695 students which is 82.33% of undergraduate students received federal student loans and the average loan amount is $6,378.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14337 (72%)$6,288274 (59%)$3,913291 (62%)$10,513
2014-15568 (97%)$6,041381 (65%)$3,097562 (96%)$3,970
2015-16495 (80%)$5,127494 (80%)$4,896561 (91%)$8,330
2016-17555 (81%)$3,909546 (80%)$3,958609 (89%)$6,354
2017-18520 (72%)$3,570507 (70%)$3,609549 (76%)$4,927
2018-19835 (84%)$4,554821 (82%)$4,525897 (90%)$6,380
2019-20891 (77%)$4,439875 (76%)$4,411959 (83%)$6,385
2020-21906 (82%)$5,111883 (79%)$4,711987 (89%)$5,937
2021-22802 (62%)$4,032779 (60%)$3,711843 (65%)$4,605
Average657 (78.56%)$4,786618 (72.33%)$4,092695 (82.33%)$6,378
*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, 351 (70.56 % of students) received grants or scholarships and its average amount is $4,337. It can cover 23.45% of tuition & fees ($18,495).

In addition, 423 (83.44 % of students) students get helped from the students loans (average amount : $7,080).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14191 (54%)$5,292179 (50%)$10,918
2014-15133 (65%)$3,138194 (95%)$4,068
2015-16228 (78%)$5,196257 (87%)$11,218
2016-17282 (80%)$4,077310 (88%)$6,629
2017-18315 (71%)$3,709328 (74%)$5,138
2018-19530 (86%)$4,623557 (90%)$6,706
2019-20574 (80%)$4,568620 (87%)$6,573
2020-21599 (83%)$4,969709 (98%)$7,206
2021-22303 (38%)$3,459652 (82%)$5,266
Average351 (70.56%)$4,337423 (83.44%)$7,080
*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, 342 (68.78 % of students) received Pell (federal) grants and its average amount is $4,355.

In addition, 5 students received State/local government grants/scholarships (1.00 % 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
2013-14179 (50%)$5,590----12 (3%)$846
2014-15131 (64%)$3,110----10 (5%)$1,000
2015-16228 (78%)$5,074----27 (9%)$1,033
2016-17275 (78%)$4,155----7 (2%)$1,000
2017-18307 (69%)$3,750----17 (4%)$1,002
2018-19522 (84%)$4,678----8 (1%)$1,000
2019-20564 (79%)$4,529--3 (0%)$4,03256 (8%)$1,000
2020-21583 (80%)$4,978--6 (1%)$5,61041 (6%)$1,000
2021-22293 (37%)$3,3278 (1%)$6,127--11 (1%)$2,216
Average342 (68.78%)$4,3558 (1.00%)$6,1275 (1.00%)$4,82121 (4.33%)$1,122
*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, 423 (83.44 % of students) get any students loan help and its average loan amount is $423.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14179 (50%)$10,918179 (50%)$10,66433 (9%)$1,379
2014-15194 (95%)$4,068194 (95%)$4,0481 (0%)$3,759
2015-16257 (87%)$11,218257 (87%)$8,517101 (34%)$6,871
2016-17310 (88%)$6,629310 (88%)$6,629--
2017-18328 (74%)$5,138328 (74%)$5,138--
2018-19557 (90%)$6,706557 (90%)$6,706--
2019-20620 (87%)$6,573620 (87%)$6,573--
2020-21709 (98%)$7,206666 (92%)$5,965321 (44%)$3,540
2021-22652 (82%)$5,266545 (68%)$4,588291 (36%)$3,205
Average423 (83.44%)$7,080406 (81.22%)$6,536149 (30.75%)$3,751

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