Number Received Financial Aid (All Undergraduate)
114
Percent Received Financial Aid(All Undergraduate)
73%
Average Aid Amount
$4,396
Number Received Financial Aid (Freshmen)
36
Percent Received Financial Aid (Freshmen)
67%
Financial Aid Information at Loraines Academy
For the academic year 2021-2022, a total of 114 students (73% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $4,396. For freshmen (Full-time, first-time degree-seeking undergraduate students), 36 students (67% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Loraines Academy & Spa is $8,700, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 114 students (73% of all students) have received grants or scholarships and the average received aid amount is $4,396. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Loraines Academy & Spa for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 114 | 73% | $4,396 |
| Pell Grants | 100 | 64% | $3,410 |
| Federal Student Loans | 109 | 70% | $5,014 |
Beginning Students Financial Aid
a total of 36 beginning students (67% of all freshmen) have received any financial aid and 36 students (67% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Loraines Academy & Spa.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 36 | 67% | - |
| Grants or Scholarship from All Sources | 33 | 61% | $4,034 |
| Federal Grants | 33 | 61% | $4,034 |
| Pell Grants | 29 | 54% | $3,145 |
| Other Federal Grants | 13 | 24% | $3,223 |
| State/Local Grants | 0 | 0% | $0 |
| Institutional Grants | 0 | 0% | $0 |
| Student Loans | 30 | 56% | $4,108 |
| Federal Student Loans | 30 | 56% | $4,108 |
| Other Student Loans | 0 | 0% | $0 |
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