by our College Data Analytics TeamA large number of students are not billed 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 sum total of attendance at Lex La-Ray Technical Center can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can LLRTC offer you, and what will you qualify for? Keep reading for more information. Scroll down to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Lex La-Ray Technical Center.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Lex La-Ray Technical Center, 100% of the incoming full-time class was awarded financial aid approximately 6 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $14,623 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 83% | $7,395 |
| State/local grants | 83% | $10,152 |
| Federal student loans | 50% | $7,000 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, roughly 55% of undergrads got grants or scholarships worth on average $14,638 (across roughly 12 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $14,638 |
| Federal Pell grants | 45% | $7,395 |
| Federal student loans | 41% | $9,083 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $11,775.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $2,607 |
| $30,001 – $75,000 | $2,607 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,219 |
| Off-campus title-IV students | $2,607 |
For a customized cost estimate, visit LLRTC’s online cost calculator: www.lexlaray.com/net-price-calculator.html.
The median federal debt load at LLRTC comes to $13,889 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,889 |
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at LLRTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $8,736 |
| 75th percentile | $14,727 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. LLRTC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at LLRTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 382 |
| Total Stafford loan amount | $3,719,792 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.