by our College Data Analytics TeamA large number of students are not billed 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 Louisiana State University Health Sciences Center-New Orleans can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can LSU Health - New Orleans deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to discover how much school funding could be available 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 Louisiana State University Health Sciences Center-New Orleans.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at LSU Health - New Orleans, some 77% of the undergraduate population received grant aid that averaged $7,481 (across approximately 646 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $7,481 |
| Federal Pell grants | 35% | $4,877 |
| Federal student loans | 55% | $6,882 |
The median student at LSU Health - New Orleans graduates with $18,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,500 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at LSU Health - New Orleans.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,500 |
| 75th percentile | $23,000 |
| 90th percentile (highest-debt students) | $29,662 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $20,713 |
| Middle income | $19,500 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,573 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $23,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. LSU Health - New Orleans.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at LSU Health - New Orleans:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9910 |
| Total Stafford loan amount | $628,570,421 |
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 | 22 |
| Total GI Bill amount | $248,005 |
| Average GI Bill amount per recipient | $11,273 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.