by our College Data Analytics TeamA lot of students will not be asked to pay 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 cost of going to Le Moyne College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can LeMoyne deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to find out what amount of financial assistance will be accessible 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 Le Moyne College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Le Moyne College, 100% of the incoming full-time class was awarded financial aid around 603 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $29,669 |
| Institutional grants & scholarships | 100% | $25,619 |
| Federal Pell grants | 40% | $5,688 |
| State/local grants | 41% | $3,679 |
| Federal student loans | 76% | $5,140 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, some 89% of undergrads got grants or scholarships worth on average $27,470 (across roughly 2288 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $27,470 |
| Federal Pell grants | 31% | $5,592 |
| Federal student loans | 64% | $6,332 |
On-campus students receiving title-IV aid were awarded grants averaging $30,906.
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 | $15,048 |
| $30,001 – $75,000 | $18,481 |
| Over $75,000 | $25,431 |
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 | $22,277 |
| Off-campus title-IV students | $21,547 |
For a personalized estimate based on your family’s financial situation, use LeMoyne’s net price tool: www.lemoyne.edu/admission-financial-aid/cost-financial-aid/cost-calculator/.
A typical borrower at LeMoyne leaves with $18,435 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,435 |
| Median federal debt (graduates only) | $23,000 |
| Typical 10-year monthly payment (graduates) | $243.84/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. The percentiles below describe the cumulative federal debt distribution for borrowers at LeMoyne.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,981 |
| 25th percentile | $9,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
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 | $16,250 |
| Middle income | $18,200 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,999 |
| Continuing-generation students | $19,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $18,000 |
The figure below distills the debt data into a single burden category for LeMoyne.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at LeMoyne:
| Metric | Value |
|---|---|
| Stafford loan recipients | 13083 |
| Total Stafford loan amount | $276,280,351 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 48 |
| Total GI Bill amount | $1,023,111 |
| Average GI Bill amount per recipient | $21,315 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $16,500 |
| Average DoD amount per recipient | $3,300 |
References
More about our data sources and methodologies.