How Loraines Academy'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 Loraines Academy & Spa since 2013.

For that period, the average number of students who received grants aid/scholarships is 137, which is 64.78 % of all undergraduate students. 107 students which is 53.78% of undergraduate students received federal student loans and the average loan amount is $5,340.

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	264 (85%)	$2,232	141 (46%)	$3,044	137 (44%)	$5,652
2014-15	181 (59%)	$3,713	162 (53%)	$3,400	81 (26%)	$6,156
2015-16	127 (49%)	$3,792	111 (43%)	$3,578	118 (46%)	$5,591
2016-17	119 (66%)	$3,726	95 (52%)	$3,030	92 (51%)	$5,685
2017-18	101 (57%)	$2,873	99 (56%)	$2,854	98 (56%)	$4,667
2018-19	89 (59%)	$3,064	89 (59%)	$3,064	81 (53%)	$4,477
2019-20	117 (65%)	$3,600	117 (65%)	$3,600	120 (67%)	$5,316
2020-21	122 (70%)	$3,727	121 (70%)	$3,686	124 (71%)	$5,499
2021-22	114 (73%)	$4,396	100 (64%)	$3,410	109 (70%)	$5,014
Average	137 (64.78%)	$3,458	115 (56.44%)	$3,296	107 (53.78%)	$5,340

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

Overview

For the last 10 years, on average, 30 (72.00 % of students) received grants or scholarships and its average amount is $3,723. It can cover 42.79% of tuition & fees ($8,700).

In addition, 28 (64.67 % of students) students get helped from the students loans (average amount : $5,888).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	15 (83%)	$4,125	13 (72%)	$6,455
2014-15	19 (83%)	$4,396	8 (35%)	$7,167
2015-16	15 (79%)	$3,813	16 (84%)	$6,280
2016-17	15 (68%)	$3,327	16 (73%)	$7,162
2017-18	54 (67%)	$2,940	50 (62%)	$5,107
2018-19	33 (62%)	$3,306	31 (58%)	$5,358
2019-20	30 (65%)	$3,942	29 (63%)	$5,754
2020-21	56 (80%)	$3,620	55 (79%)	$5,602
2021-22	33 (61%)	$4,034	30 (56%)	$4,108
Average	30 (72.00%)	$3,723	28 (64.67%)	$5,888

^*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, 29 (68.33 % of students) received Pell (federal) grants and its average amount is $3,557.

In addition, 1 students received State/local government grants/scholarships (6.00 % 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	13 (72%)	$3,457	5 (28%)	$90	1 (6%)	$13,933	7 (39%)	$364
2014-15	19 (83%)	$4,297	16 (70%)	$117	-	-	-	-
2015-16	14 (74%)	$3,887	10 (53%)	$112	-	-	10 (53%)	$165
2016-17	13 (59%)	$3,514	9 (41%)	$100	-	-	11 (50%)	$302
2017-18	54 (67%)	$2,940	-	-	-	-	-	-
2018-19	33 (62%)	$3,306	-	-	-	-	-	-
2019-20	30 (65%)	$3,942	-	-	-	-	-	-
2020-21	55 (79%)	$3,528	7 (10%)	$1,243	-	-	-	-
2021-22	29 (54%)	$3,145	13 (24%)	$3,223	-	-	-	-
Average	29 (68.33%)	$3,557	10 (37.67%)	$814	1 (6.00%)	$13,933	9 (47.33%)	$277

^*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, 28 (64.67 % of students) get any students loan help and its average loan amount is $28.

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	13 (72%)	$6,455	13 (72%)	$6,455	-	-
2014-15	8 (35%)	$7,167	8 (35%)	$7,167	-	-
2015-16	16 (84%)	$6,280	16 (84%)	$6,280	-	-
2016-17	16 (73%)	$7,162	16 (73%)	$7,006	1 (5%)	$2,486
2017-18	50 (62%)	$5,107	50 (62%)	$4,953	3 (4%)	$2,560
2018-19	31 (58%)	$5,358	31 (58%)	$5,358	-	-
2019-20	29 (63%)	$5,754	29 (63%)	$5,754	-	-
2020-21	55 (79%)	$5,602	55 (79%)	$5,602	-	-
2021-22	30 (56%)	$4,108	30 (56%)	$4,108	-	-
Average	28 (64.67%)	$5,888	28 (64.67%)	$5,854	2 (4.50%)	$2,523

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Scholarships, Grants, and Loan Trends at Loraines Academy

All Undergraduate Students Financial Aid Over Time

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