by our College Data Analytics TeamMost students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Lexington Healing Arts Academy can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Lexington Healing Arts Academy offer you, and what will you qualify for? Keep reading for more information. Scroll down to learn what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Lexington Healing Arts Academy.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, about 45% of undergraduates were awarded grant or scholarship aid averaging $3,135 (for some 66 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $3,135 |
| Federal Pell grants | 44% | $2,669 |
| Federal student loans | 55% | $3,735 |
The middle student in the debt distribution at Lexington Healing Arts Academy owes $7,439 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,439 |
| Median federal debt (graduates only) | $7,600 |
| Typical 10-year monthly payment (graduates) | $80.57/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Lexington Healing Arts Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,800 |
| 25th percentile | $4,400 |
| 75th percentile | $7,600 |
| 90th percentile (highest-debt students) | $8,867 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,600 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,125 |
| Continuing-generation students | $7,600 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,400 |
| Independent students | $7,600 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Lexington Healing Arts Academy.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Lexington Healing Arts Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 718 |
| Total Stafford loan amount | $4,456,792 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $32,120 |
| Average GI Bill amount per recipient | $10,707 |
References
More about our data sources and methodologies.