OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

LIM College Financial Aid and Scholarships 2022

Located in New York, NY, LIM College is a private university. It was in 1939 when the LIM College was founded. The university believes in imparting quality education and giving back to society. In the same light, LIM College has a motto of Where Business Meets Fashion. The total enrolment stands at Approximately 1800 (on-campus and online) students at LIM College. Around 1,461 and 288 students take admission in various undergraduate and postgraduate courses of the university. At LIM College, aro

LIM College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

74%

Total Aid Amount Average Total Aid Awarded per year.

$8.200M

Financial Aid Official Website

www.limcollege.edu/financial-aid

It is interesting to note that, every year, around 90% of students at LC receive some kind of financial aid, while the total amount of assistance/loans provided is $6,840,158. For additional information about financial assistance schemes, one can head over to LC’s financial aid page at http://www.limcollege.edu/financial-aid. The total percentage of candidates applying to LIM College who receive the Federal Grant is 40%. In comparison, 90% of the students are awarded the Student Grant, 90% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,118, the State Grant receivers and Institution Grant beneficiaries get $3,459 and $7,468, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,523. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $13,217 on average in a year. The average aid amount stands at $11,532 for an annual family income between $30,001 and $48,000. This amount comes to $9,202 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $5,116 for those with an annual family income between $75,001 and $110,000, and at $5,001 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At LC, an estimated number of 69% of the applicants choose to go for student loans.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,871

$30,001 - $48,000

$12,087

$48,001 - $75,000

$8,964

$75,001 - $110,000

$6,976

Over $110,000

$5,987

It is basically to help the students get the degree irrespective of their financial background. For those whose family income is under $30,000 they can expect the highest amount of aid i.e $13,871, family income between $30,001 to $48,000 can expect the aid of $12,087, family income between $48,001 to $75,000 can expect $8,964 and for $75,001 to $1,10,000 gets the aid of $6,976 and family income over $1,10,000 can expect the amount of $5,987 that is the lowest amount of aid provided.

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