by our College Data Analytics TeamThe majority of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Laurel Business Institute can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financing options does LBI offer, and what will you qualify for? Keep scrolling for more information. Keep reading to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Laurel Business Institute.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Laurel Business Institute, 92% of first-year full-time students received aid of some kind roughly 151 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $8,453 |
| Institutional grants & scholarships | 1% | $6,808 |
| Federal Pell grants | 59% | $7,541 |
| State/local grants | 21% | $5,073 |
| Federal student loans | 83% | $10,795 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At LBI, roughly 60% of undergraduates were awarded an average grant or scholarship of $8,214 (across approximately 237 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $8,214 |
| Federal Pell grants | 52% | $7,220 |
| Federal student loans | 72% | $10,592 |
Title-IV recipients living on campus saw average grant aid of $7,658.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,005 |
| $30,001 – $75,000 | $9,987 |
| Over $75,000 | $13,865 |
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 | $7,825 |
| Off-campus title-IV students | $10,086 |
For a customized cost estimate, visit LBI’s net price tool: www.laurel.edu/financial-aid/net-price-calculator.
A typical borrower at LBI leaves with $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at LBI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,927 |
| 25th percentile | $5,500 |
| 75th percentile | $13,673 |
| 90th percentile (highest-debt students) | $19,604 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,750 |
| Middle income | $11,891 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,421 |
| Continuing-generation students | $11,282 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,679 |
| Independent students | $9,492 |
These indicators are derived from the underlying debt data and summarize the overall picture at LBI.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at LBI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2529 |
| Total Stafford loan amount | $25,871,389 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 9 |
| Total GI Bill amount | $95,859 |
| Average GI Bill amount per recipient | $10,651 |
References
More about our data sources and methodologies.