by our College Data Analytics TeamThe majority 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 price of attendance at Longy School of Music of Bard College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Longy offer you, and what will you qualify for? Read on for more information. Read on to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Longy School of Music of Bard College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Longy School of Music of Bard College, 100% of entering full-time freshmen got some type of financial assistance roughly 12 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $22,635 |
| Institutional grants & scholarships | 100% | $22,019 |
| Federal Pell grants | 8% | $7,395 |
| State/local grants | 0% | — |
| Federal student loans | 25% | $6,000 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Longy, approximately 100% of undergraduate students received gift aid averaging $26,530 (covering around 34 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $26,530 |
| Federal Pell grants | 6% | $6,420 |
| Federal student loans | 12% | $6,330 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $33,920.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $43,291 |
| $30,001 – $75,000 | $43,291 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $38,530 |
| Off-campus title-IV students | $43,291 |
To get a personalized net price estimate, try Longy’s NPC: longy.edu/wp-content/uploads/2019/04/Net-Price-Calculator.htm.
Graduating students at Longy carry a median federal student debt of $19,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $24,254 |
| Typical 10-year monthly payment (graduates) | $257.13/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Longy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $28,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $18,000 |
| Middle income | $18,750 |
| High income | $19,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,865 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $15,160 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Longy.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Longy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8050 |
| Total Stafford loan amount | $162,391,664 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $10,230 |
| Average GI Bill amount per recipient | $10,230 |
References
More about our data sources and methodologies.