by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Curious about the financial aid opportunities at LIBI and what you may be eligible for? Explore the answers here.
$2,713.00 is the typical Long Island Business Institute’s first year financial aid package. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Long Island Business Institute.
In addition to scholarships, 74% of first-year students (234 total) got federal grant aid, averaging $2,119.00 per person.
The numbers and the chart below reference predominantly federal grants, as well as some local and state grants.
74% of first-year students at Long Island Business Institute (234 total) got a federal grant, averaging $2,119.00.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 53.02% | $2,700.00 |
| Income 30k-48k | 28.57% | $1,400.00 |
| Income 48k-75k | 12.38% | $1,325.00 |
| Income 75k-110k | 1.27% | $1,925.00 |
| Income 110k + | 0.32% | $3,800.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
315 LIBI undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $2,713.00.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.