by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Discover the financial aid possibilities at LBI and learn what assistance you might qualify for by continuing to read.
Laurel Business Institute average financial aid offer for freshmen students is $6,795.00. A significant 96% of freshmen benefit from financial aid, with the main type being loans.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Laurel Business Institute you could end up dealing with.
As well as scholarships, 75% of first-year students (60 total) got a federal grant, for about $5,546.00 per person.
The following scholarships and grants are made up of mainly federally provided grants, plus some state and local grants.
75% of first years at Laurel Business Institute (60 total) obtained a federal grant, averaging $5,546.00.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 47.50% | $7,967.00 |
| Income 30k-48k | 11.25% | $7,122.00 |
| Income 48k-75k | 8.75% | $3,657.00 |
| Income 75k-110k | 5.00% | $1,440.00 |
| Income 110k + | 2.50% | $1,143.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
64 LBI undergrads obtain grant aid (this is about 96% of the entire undergraduate student population). The average amount these students receive is $6,795.00.The bulk of which are Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.