by our College Data Analytics TeamMany students will never be charged 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 total cost of going to L’esprit Academy can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will L’esprit Academy offer you, and what will you qualify for? Read on for more information. Scroll down to see how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from L’esprit Academy.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
At L’esprit Academy, 57% of first-year full-time students received aid of some kind (about 45 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $3,871 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 57% | $3,871 |
| State/local grants | 0% | — |
| Federal student loans | 56% | $3,978 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At L’esprit Academy, roughly 52% of undergraduates were awarded grant or scholarship aid averaging $3,821 (across approximately 233 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $3,821 |
| Federal Pell grants | 52% | $3,821 |
| Federal student loans | 59% | $6,066 |
For on-campus title-IV students, average grant aid came to $3,871.
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 | $27,464 |
| $30,001 – $75,000 | $28,336 |
| Over $75,000 | $29,303 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $22,279 |
| Off-campus title-IV students | $25,354 |
For an estimate tailored to your family circumstances, see L’esprit Academy’s official net price calculator: www.lespritacademy.com/cos-net-price-calculator/.
A typical borrower at L’esprit Academy leaves with $6,333 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at L’esprit Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,298 |
| 75th percentile | $9,833 |
| 90th percentile (highest-debt students) | $12,512 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $6,333 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
The figure below distills the debt data into a single burden category for L’esprit Academy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at L’esprit Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1219 |
| Total Stafford loan amount | $9,688,043 |
References
More about our data sources and methodologies.