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 sum total of attendance at Laurel Technical Institute can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financing options does LTI Sharon offer, and what will you qualify for? Keep scrolling for more information. Keep reading to discover how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Laurel Technical Institute.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Laurel Technical Institute, 93% of new full-time first-years were awarded at least some aid approximately 84 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $7,804 |
| Institutional grants & scholarships | 2% | $4,002 |
| Federal Pell grants | 59% | $6,898 |
| State/local grants | 49% | $6,225 |
| Federal student loans | 89% | $10,051 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 80% of undergraduates were awarded an average grant or scholarship of $8,389 (across roughly 128 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $8,389 |
| Federal Pell grants | 61% | $6,250 |
| Federal student loans | 82% | $10,097 |
On-campus students receiving title-IV aid were awarded grants averaging $7,492.
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 | $6,516 |
| $30,001 – $75,000 | $7,054 |
| Over $75,000 | $14,027 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,778 |
| Off-campus title-IV students | $9,139 |
To project your own net price, use LTI Sharon’s NPC: www.laurel.edu/financial-aid/net-price-calculator-lti-hermitage.
A typical borrower at LTI Sharon leaves with $9,080 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,080 |
| Median federal debt (graduates only) | $10,706 |
| Typical 10-year monthly payment (graduates) | $113.5/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at LTI Sharon.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $14,750 |
| 90th percentile (highest-debt students) | $20,418 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,079 |
| Middle income | $9,480 |
| High income | $9,468 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,072 |
| Continuing-generation students | $10,171 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $10,585 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. LTI Sharon.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at LTI Sharon:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2585 |
| Total Stafford loan amount | $28,463,077 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $103,562 |
| Average GI Bill amount per recipient | $17,260 |
References
More about our data sources and methodologies.