by our College Data Analytics TeamA large number of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to L Makeup Institute can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financing solutions does L Makeup Institute provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to learn what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from L Makeup Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at L Makeup Institute, 72% of first-year full-time students received aid of some kind roughly 100 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $4,654 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 53% | $4,654 |
| State/local grants | 0% | — |
| Federal student loans | 61% | $6,095 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At L Makeup Institute, approximately 51% of the undergraduate population received grant aid that averaged $4,495 (among about 78 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $4,495 |
| Federal Pell grants | 51% | $4,495 |
| Federal student loans | 61% | $5,715 |
Title-IV recipients living on campus saw average grant aid of $3,331.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $27,202 |
| $30,001 – $75,000 | $27,895 |
| Over $75,000 | $30,996 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $30,655 |
| Off-campus title-IV students | $28,320 |
To get a personalized net price estimate, try L Makeup Institute’s online cost calculator: lmi.edu/net-price-calculator/.
The middle student in the debt distribution at L Makeup Institute owes $6,702 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,702 |
| Median federal debt (graduates only) | $6,746 |
| Typical 10-year monthly payment (graduates) | $71.52/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,702 |
| Middle income | $6,702 |
| High income | $6,746 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,621 |
| Independent students | $9,713 |
These indicators are derived from the underlying debt data and summarize the overall picture at L Makeup Institute.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at L Makeup Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 224 |
| Total Stafford loan amount | $1,410,489 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $129,127 |
| Average GI Bill amount per recipient | $21,521 |
References
More about our data sources and methodologies.