by our College Data Analytics TeamThe majority of students will not be asked to pay 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 sum total of attendance at Louisiana Culinary Institute can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can Louisiana Culinary Institute offer you, and what will you qualify for? Keep reading for more information. Keep going 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. The figures below will help you estimate the aid you might receive from Louisiana Culinary Institute.
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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Louisiana Culinary Institute, 81% of the incoming full-time class was awarded financial aid roughly 17 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $2,082 |
| Institutional grants & scholarships | 19% | $625 |
| Federal Pell grants | 38% | $2,748 |
| State/local grants | 38% | $843 |
| Federal student loans | 81% | $2,897 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 54% of undergraduates were awarded an average grant or scholarship of $2,598 (across roughly 49 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 54% | $2,598 |
| Federal Pell grants | 39% | $3,086 |
| Federal student loans | 69% | $3,484 |
On-campus students receiving title-IV aid were awarded grants averaging $1,293.
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 | $28,504 |
| $30,001 – $75,000 | $29,112 |
| Over $75,000 | $32,463 |
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 | $28,869 |
| Off-campus title-IV students | $29,765 |
To get a personalized net price estimate, try Louisiana Culinary Institute’s net price tool: www.lci.edu/net-price-calculator/npcalc.htm.
The middle student in the debt distribution at Louisiana Culinary Institute owes $15,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,250 |
| Median federal debt (graduates only) | $16,200 |
| Typical 10-year monthly payment (graduates) | $171.75/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Louisiana Culinary Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,150 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $20,000 |
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 | $20,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,000 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $20,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Louisiana Culinary Institute.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Louisiana Culinary Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 907 |
| Total Stafford loan amount | $13,482,409 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.