by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Louisburg College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Louisburg College offer, and what will you qualify for? Keep reading for more information. Read on to find out what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Louisburg 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.
For freshmen starting at Louisburg College, 100% of first-time, full-time freshmen received some form of financial aid (about 256 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $13,259 |
| Institutional grants & scholarships | 88% | $6,761 |
| Federal Pell grants | 64% | $6,085 |
| State/local grants | 48% | $6,427 |
| Federal student loans | 78% | $5,766 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, approximately 100% of undergraduate students received gift aid averaging $14,686 (for some 405 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $14,686 |
| Federal Pell grants | 70% | $5,581 |
| Federal student loans | 81% | $5,478 |
For students living on campus and receiving title-IV aid, grants averaged $16,139.
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 | $19,658 |
| $30,001 – $75,000 | $25,303 |
| Over $75,000 | $31,042 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $22,694 |
| Off-campus title-IV students | $26,403 |
For an estimate tailored to your family circumstances, see Louisburg College’s net price tool: www.louisburg.edu/admissions/financial-aid/cost.php.
Graduating students at Louisburg College carry a median federal student debt of $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Louisburg College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $14,250 |
| 90th percentile (highest-debt students) | $19,250 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $8,664 |
| High income | $8,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,889 |
| Independent students | $9,500 |
The figure below distills the debt data into a single burden category for Louisburg College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Louisburg College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7093 |
| Total Stafford loan amount | $84,481,639 |
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 | 2 |
| Total GI Bill amount | $45,948 |
| Average GI Bill amount per recipient | $22,974 |
References
More about our data sources and methodologies.