by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at LIM College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will LIM offer you, and what will you qualify for? Read on for more information. Keep scrolling to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from LIM College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. 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 LIM College, 100% of new full-time first-years were awarded at least some aid approximately 255 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $12,935 |
| Institutional grants & scholarships | 100% | $9,701 |
| Federal Pell grants | 44% | $6,014 |
| State/local grants | 10% | $3,728 |
| Federal student loans | 69% | $5,563 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At LIM, approximately 95% of undergraduates were awarded grant or scholarship aid averaging $9,757 (across approximately 1089 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $9,757 |
| Federal Pell grants | 38% | $5,663 |
| Federal student loans | 62% | $7,102 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $14,397.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $34,890 |
| $30,001 – $75,000 | $35,684 |
| Over $75,000 | $39,907 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $38,667 |
| Off-campus title-IV students | $37,514 |
To get a personalized net price estimate, try LIM’s NPC: [tcc.ruffalonl.com/LIM College/Freshman-Students](https://tcc.ruffalonl.com/LIM College/Freshman-Students).
The middle student in the debt distribution at LIM owes $17,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,500 |
| Median federal debt (graduates only) | $24,000 |
| Typical 10-year monthly payment (graduates) | $254.44/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at LIM.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,750 |
| Middle income | $15,000 |
| High income | $17,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,500 |
| Continuing-generation students | $17,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,834 |
| Independent students | $21,817 |
The figure below distills the debt data into a single burden category for LIM.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at LIM:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6641 |
| Total Stafford loan amount | $127,896,271 |
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 activity
| Metric | Value |
|---|---|
| GI Bill recipients | 16 |
| Total GI Bill amount | $274,352 |
| Average GI Bill amount per recipient | $17,147 |
References
More about our data sources and methodologies.