by our College Data Analytics TeamA large number of 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 total cost of going to Le Moyne-Owen College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Le Moyne - Owen College offer you, and what will you qualify for? Keep reading for more information. Scroll down to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Le Moyne-Owen College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Le Moyne-Owen College, 97% of new full-time first-years were awarded at least some aid some 125 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $12,222 |
| Institutional grants & scholarships | 28% | $6,518 |
| Federal Pell grants | 90% | $6,947 |
| State/local grants | 44% | $5,868 |
| Federal student loans | 60% | $8,740 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, some 82% of undergraduate students received gift aid averaging $13,259 (for some 530 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $13,259 |
| Federal Pell grants | 67% | $6,723 |
| Federal student loans | 54% | $9,134 |
On-campus students receiving title-IV aid were awarded grants averaging $11,902.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,879 |
| $30,001 – $75,000 | $9,159 |
| Over $75,000 | $9,342 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,099 |
| Off-campus title-IV students | $8,992 |
To project your own net price, use Le Moyne - Owen College’s net price calculator: www.loc.edu/net-price-calculator/.
The median student at Le Moyne - Owen College graduates with $17,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,000 |
| Median federal debt (graduates only) | $28,070 |
| Typical 10-year monthly payment (graduates) | $297.59/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Le Moyne - Owen College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $26,807 |
| 90th percentile (highest-debt students) | $37,500 |
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 | $17,000 |
| Middle income | $16,105 |
| High income | $18,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,449 |
| Continuing-generation students | $13,625 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $20,750 |
A handful of calculated indicators summarize the debt outlook at Le Moyne - Owen College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Le Moyne - Owen College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7686 |
| Total Stafford loan amount | $148,422,603 |
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 | 15 |
| Total GI Bill amount | $104,839 |
| Average GI Bill amount per recipient | $6,989 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.