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How many students are received any financial aid at Laurel Business Institute?

For the academic year 2022-2023, total 104 full-time, first-time students (94% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.

For all undergraduate students, total 249 students (88% of all students) received grants or scholarships and the average grant amount is $6,223. In addition, 199 students received student loans and the average loan amount is $8,647.

Below tables show the number and amount by source of financial aid at Laurel Business Institute.
All Undergraduate Student Financial Aid at Laurel Business Institute
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid24988%$6,223
Pell Grants15053%$5,522
Federal Student Loans19970%$8,647
Beginning Students (Freshmen) Financial Aid at Laurel Business Institute
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid10494%-
Grants or Scholarship from All Sources9888%$6,844
Federal Grants9888%$4,788
Pell Grants6760%$6,047
Other Federal Grants8375%$772
State/Local Grants2422%$7,936
Institutional Grants11%$11,042
Student Loans8375%$9,825
Federal Student Loans8173%$9,301
Other Student Loans87%$7,757

What is the Financial aid?

Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.

Know more about LBI

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