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How many students are received any financial aid at Loraines Academy & Spa?

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For the academic year 2022-2023, total 36 full-time, first-time students (67% 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 114 students (73% of all students) received grants or scholarships and the average grant amount is $4,396. In addition, 109 students received student loans and the average loan amount is $5,014.

Below tables show the number and amount by source of financial aid at Loraines Academy & Spa.
All Undergraduate Student Financial Aid at Loraines Academy & Spa
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid11473%$4,396
Pell Grants10064%$3,410
Federal Student Loans10970%$5,014
Beginning Students (Freshmen) Financial Aid at Loraines Academy & Spa
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid3667%-
Grants or Scholarship from All Sources3361%$4,034
Federal Grants3361%$4,034
Pell Grants2954%$3,145
Other Federal Grants1324%$3,223
State/Local Grants00%$0
Institutional Grants00%$0
Student Loans3056%$4,108
Federal Student Loans3056%$4,108
Other Student Loans00%$0
see more grants, scholarship, student loans, and other financial aid stats

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.

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