$5,285

Avg. Federal Grant

$4,644

Avg. Federal Loan

$8,199,878

Total Aid Awarded

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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

9%

Institution Grant Aid

91%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$5,285

State Grant Aid

$3,166

Institution Grant Aid

$6,639

Pell Grant

$4,725

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.

Student Loans for LIM College

Average Loan Amount Average Loan Amount received per year.

$7,233/Year

Students Taking Out Loans

65%

Loan Default Rate

6.2%

Other Colleges In New York

Located in New York, New York, The New School is a private university. Around 90% of the students are 24 and under at The New School. At TNS around 33% are white, 31% are Non-resident alien, and 12% belong to Hispanic ethnicity. And, when it comes to gender distribution at the varsity, around 75%

New York, New York 4 years Private Not-For-Profit

Located in Saratoga Springs, NY, Skidmore College is a private university. Skidmore College occupies a total area of about 850 acres. The foundation of Skidmore College was laid down in the year 1903. The motto of the Skidmore College is Scuto amoris divini (Latin) and its official colors are gre

Saratoga Springs, New York 4 years Private Not-For-Profit

Marist College is a private university located in Poughkeepsie, NY. Marist College occupies a total area of about 240 acres. It was in 1929 when the Marist College was founded. Keeping the pursuit of research, innovation, and excellence at the center, Marist College has been imparting quality educat

Poughkeepsie, New York 4 years Private Not-For-Profit

Other Colleges In New York

#N/A

New York, New York 4 years Private Not-For-Profit

The university is now regarded among the best universities in the world. It has an endowment of $4.35 billion as of 2019. The university has produced many notable alumni including heads of states, famous writers, artists, and more. A total of 37 Nobel laureates are affiliated wit

New York, New York 4 years Private Not-For-Profit

#N/A

New York, New York 4 years Private Not-For-Profit

Other Private for-profit Colleges

Pima is also committed to providing a student with in-demand hands-on education that helps students to prepare for the real medical world. The university offers various online programs in Associate and Bachelors degree in multiple disciplines to cater to the needs of individuals who cant travel c

Albuquerque, New Mexico 2 years Private For-Profit


Online Education at Rasmussen College

  • The college has been offering distance education programs for an Associate degree, Bachelor’s degree, Certificates, and Diplomas.

  • It offers both on-campus and online programs in majors such as 

St. Cloud, Minnesota 4 years Private For-Profit

Aspen University offers various programs for the students and is based solely on the distance education platform. The online programs offered by the university are designed to offer the students a chance to pursue higher education from anywhere and anytime, based on the convenience of the student

Denver, Colorado 4 years Private For-Profit