Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 99.67% of students received grants or scholarships and 9% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14446 (100%)$3,488402 (90%)$1,91257 (13%)$3,023
2014-15436 (100%)$3,570280 (64%)$2,5584 (1%)$3,076
2015-16583 (100%)$3,010503 (86%)$2,22360 (10%)$2,914
2016-17563 (100%)$3,010467 (83%)$2,22456 (10%)$2,914
2017-18646 (100%)$3,961611 (95%)$2,29051 (8%)$2,800
2018-19610 (100%)$3,951550 (90%)$2,29045 (7%)$2,500
2019-20900 (100%)$3,650710 (79%)$2,19053 (6%)$2,100
2020-211,090 (92%)$10,1821,015 (86%)$6,29340 (3%)$4,847
2021-22883 (90%)$10,144865 (88%)$6,07230 (3%)$5,268
Average684 (98.00%)$4,996600 (84.56%)$3,11744 (6.78%)$3,271
*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.

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1482 (100%)$4,9553 (4%)$4,200
2014-15104 (100%)$4,4811 (1%)$2,928
2015-1698 (100%)$5,1375 (5%)$2,700
2016-17165 (100%)$5,2329 (5%)$3,200
2017-18220 (100%)$4,63249 (22%)$2,800
2018-19180 (100%)$4,04729 (16%)$2,500
2019-20315 (100%)$2,71339 (12%)$2,400
2020-21323 (98%)$9,542--
2021-22283 (99%)$8,444--
Average197 (99.67%)$5,46519 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1482 (100%)$2,922--45 (55%)$2,65866 (80%)$713
2014-1555 (53%)$2,500--104 (100%)$2,382101 (97%)$800
2015-1696 (98%)$2,562--96 (98%)$2,27947 (48%)$823
2016-17162 (98%)$2,800--162 (98%)$2,30045 (27%)$823
2017-18193 (88%)$2,30075 (34%)$500195 (89%)$2,150148 (67%)$800
2018-19176 (98%)$2,29024 (13%)$500141 (78%)$1,85071 (39%)$741
2019-20220 (70%)$2,19028 (9%)$500175 (56%)$1,75075 (24%)$700
2020-21310 (94%)$5,941310 (94%)$1,023262 (79%)$2,949119 (36%)$1,265
2021-22281 (98%)$5,063281 (98%)$890234 (82%)$2,74961 (21%)$1,201
Average175 (88.56%)$3,174144 (49.60%)$683157 (81.67%)$2,34181 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-143 (4%)$4,2003 (4%)$4,200--
2014-151 (1%)$2,9281 (1%)$2,928--
2015-165 (5%)$2,7005 (5%)$2,700--
2016-179 (5%)$3,2009 (5%)$3,200--
2017-1849 (22%)$2,80049 (22%)$2,800--
2018-1929 (16%)$2,50029 (16%)$2,500--
2019-2039 (12%)$2,40039 (12%)$2,400--
2020-21------
2021-22------
Average19 (9.29%)$2,96119 (9.29%)$2,961--

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