How LIBI's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Long Island Business Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 684, which is 98.00 % of all undergraduate students. 44 students which is 6.78% of undergraduate students received federal student loans and the average loan amount is $3,271.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	446 (100%)	$3,488	402 (90%)	$1,912	57 (13%)	$3,023
2014-15	436 (100%)	$3,570	280 (64%)	$2,558	4 (1%)	$3,076
2015-16	583 (100%)	$3,010	503 (86%)	$2,223	60 (10%)	$2,914
2016-17	563 (100%)	$3,010	467 (83%)	$2,224	56 (10%)	$2,914
2017-18	646 (100%)	$3,961	611 (95%)	$2,290	51 (8%)	$2,800
2018-19	610 (100%)	$3,951	550 (90%)	$2,290	45 (7%)	$2,500
2019-20	900 (100%)	$3,650	710 (79%)	$2,190	53 (6%)	$2,100
2020-21	1,090 (92%)	$10,182	1,015 (86%)	$6,293	40 (3%)	$4,847
2021-22	883 (90%)	$10,144	865 (88%)	$6,072	30 (3%)	$5,268
Average	684 (98.00%)	$4,996	600 (84.56%)	$3,117	44 (6.78%)	$3,271

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 197 (99.67 % of students) received grants or scholarships and its average amount is $5,465. It can cover 45.54% of tuition & fees ($12,000).

In addition, 19 (9.29 % of students) students get helped from the students loans (average amount : $2,961).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	82 (100%)	$4,955	3 (4%)	$4,200
2014-15	104 (100%)	$4,481	1 (1%)	$2,928
2015-16	98 (100%)	$5,137	5 (5%)	$2,700
2016-17	165 (100%)	$5,232	9 (5%)	$3,200
2017-18	220 (100%)	$4,632	49 (22%)	$2,800
2018-19	180 (100%)	$4,047	29 (16%)	$2,500
2019-20	315 (100%)	$2,713	39 (12%)	$2,400
2020-21	323 (98%)	$9,542	-	-
2021-22	283 (99%)	$8,444	-	-
Average	197 (99.67%)	$5,465	19 (9.29%)	$2,961

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 175 (88.56 % of students) received Pell (federal) grants and its average amount is $3,174.

In addition, 157 students received State/local government grants/scholarships (81.67 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	82 (100%)	$2,922	-	-	45 (55%)	$2,658	66 (80%)	$713
2014-15	55 (53%)	$2,500	-	-	104 (100%)	$2,382	101 (97%)	$800
2015-16	96 (98%)	$2,562	-	-	96 (98%)	$2,279	47 (48%)	$823
2016-17	162 (98%)	$2,800	-	-	162 (98%)	$2,300	45 (27%)	$823
2017-18	193 (88%)	$2,300	75 (34%)	$500	195 (89%)	$2,150	148 (67%)	$800
2018-19	176 (98%)	$2,290	24 (13%)	$500	141 (78%)	$1,850	71 (39%)	$741
2019-20	220 (70%)	$2,190	28 (9%)	$500	175 (56%)	$1,750	75 (24%)	$700
2020-21	310 (94%)	$5,941	310 (94%)	$1,023	262 (79%)	$2,949	119 (36%)	$1,265
2021-22	281 (98%)	$5,063	281 (98%)	$890	234 (82%)	$2,749	61 (21%)	$1,201
Average	175 (88.56%)	$3,174	144 (49.60%)	$683	157 (81.67%)	$2,341	81 (48.78%)	$874

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 19 (9.29 % of students) get any students loan help and its average loan amount is $19.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	3 (4%)	$4,200	3 (4%)	$4,200	-	-
2014-15	1 (1%)	$2,928	1 (1%)	$2,928	-	-
2015-16	5 (5%)	$2,700	5 (5%)	$2,700	-	-
2016-17	9 (5%)	$3,200	9 (5%)	$3,200	-	-
2017-18	49 (22%)	$2,800	49 (22%)	$2,800	-	-
2018-19	29 (16%)	$2,500	29 (16%)	$2,500	-	-
2019-20	39 (12%)	$2,400	39 (12%)	$2,400	-	-
2020-21	-	-	-	-	-	-
2021-22	-	-	-	-	-	-
Average	19 (9.29%)	$2,961	19 (9.29%)	$2,961	-	-

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Scholarships, Grants, and Loan Trends at LIBI

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time