by our College Data Analytics TeamMany students will not be asked to pay 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 sum total of attendance at Lyon College can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Lyon deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to learn what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Lyon 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 Lyon College, 100% of new full-time first-years were awarded at least some aid roughly 237 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $25,132 |
| Institutional grants & scholarships | 100% | $21,702 |
| Federal Pell grants | 43% | $5,896 |
| State/local grants | 34% | $1,784 |
| Federal student loans | 73% | $7,641 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Lyon, around 98% of undergraduates were awarded an average grant or scholarship of $25,294 (among about 576 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $25,294 |
| Federal Pell grants | 41% | $5,909 |
| Federal student loans | 64% | $5,919 |
Title-IV recipients living on campus saw average grant aid of $25,362.
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 | $18,357 |
| $30,001 – $75,000 | $19,874 |
| Over $75,000 | $26,307 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $19,616 |
| Off-campus title-IV students | $22,670 |
To get a personalized net price estimate, try Lyon’s NPC: lyon.virtueanalytics.com/#!/home/npc.
The middle student in the debt distribution at Lyon owes $10,699 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,699 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Lyon.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $24,720 |
| 90th percentile (highest-debt students) | $27,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $11,000 |
| High income | $11,185 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $7,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Lyon.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Lyon:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2821 |
| Total Stafford loan amount | $40,869,687 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 12 |
| Total GI Bill amount | $229,104 |
| Average GI Bill amount per recipient | $19,092 |
References
More about our data sources and methodologies.