Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 267, which is 57.67 % of all undergraduate students. 260 students which is 55.89% of undergraduate students received federal student loans and the average loan amount is $5,250.

For full-time, first-time beginning students (freshmen), 76.89% of students received grants or scholarships and 75% 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 Lu Ross Academy since 2013.

For that period, the average number of students who received grants aid/scholarships is 267, which is 57.67 % of all undergraduate students. 260 students which is 55.89% of undergraduate students received federal student loans and the average loan amount is $5,250.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14279 (66%)$3,853268 (63%)$3,836258 (61%)$5,936
2014-15238 (46%)$4,416222 (43%)$4,326227 (44%)$4,792
2015-16249 (57%)$4,078227 (52%)$4,146235 (54%)$5,114
2016-17310 (58%)$4,267301 (56%)$4,090339 (63%)$5,260
2017-18279 (53%)$4,330275 (52%)$4,170283 (54%)$4,931
2018-19288 (57%)$4,427285 (56%)$4,275292 (58%)$4,999
2019-20258 (59%)$4,651236 (54%)$4,202250 (57%)$5,447
2020-21203 (53%)$4,739172 (45%)$4,312194 (51%)$5,542
2021-22302 (70%)$4,702252 (58%)$4,509263 (61%)$5,231
Average267 (57.67%)$4,385249 (53.22%)$4,207260 (55.89%)$5,250
*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, 70 (76.89 % of students) received grants or scholarships and its average amount is $4,838. It can cover 25.24% of tuition & fees ($19,170).

In addition, 69 (74.67 % of students) students get helped from the students loans (average amount : $5,454).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1470 (78%)$4,07874 (82%)$7,123
2014-1574 (76%)$5,06875 (77%)$5,057
2015-1659 (79%)$4,01154 (72%)$5,444
2016-17101 (72%)$4,704104 (74%)$5,308
2017-1864 (71%)$5,07367 (74%)$5,097
2018-1977 (71%)$4,65884 (78%)$5,131
2019-2071 (82%)$5,15867 (77%)$5,380
2020-2151 (75%)$5,95441 (60%)$5,271
2021-2267 (88%)$4,83659 (78%)$5,273
Average70 (76.89%)$4,83869 (74.67%)$5,454
*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, 65 (69.67 % of students) received Pell (federal) grants and its average amount is $4,665.

In addition, 2 students received State/local government grants/scholarships (2.00 % 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
2013-1464 (71%)$4,15516 (18%)$219--16 (18%)$1,000
2014-1569 (70%)$4,87534 (35%)$168--17 (17%)$1,938
2015-1649 (65%)$4,59322 (29%)$186--15 (20%)$500
2016-17100 (71%)$4,46532 (23%)$895----
2017-1864 (71%)$4,79932 (36%)$1552 (2%)$6,296--
2018-1976 (70%)$4,58737 (34%)$245--1 (1%)$1,000
2019-2065 (75%)$4,62348 (55%)$1,1121 (1%)$8,04517 (20%)$250
2020-2145 (66%)$5,05145 (66%)$1,5312 (3%)$3,732--
2021-2252 (68%)$4,83659 (78%)$1,195--1 (1%)$2,000
Average65 (69.67%)$4,66536 (41.56%)$6342 (2.00%)$6,02411 (12.83%)$1,115
*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, 69 (74.67 % of students) get any students loan help and its average loan amount is $69.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1474 (82%)$7,12374 (82%)$7,123--
2014-1575 (77%)$5,05775 (77%)$5,057--
2015-1654 (72%)$5,44454 (72%)$5,444--
2016-17104 (74%)$5,308104 (74%)$5,308--
2017-1867 (74%)$5,09767 (74%)$5,097--
2018-1984 (78%)$5,13184 (78%)$5,131--
2019-2067 (77%)$5,38067 (77%)$5,380--
2020-2141 (60%)$5,27141 (60%)$5,271--
2021-2259 (78%)$5,27359 (78%)$5,273--
Average69 (74.67%)$5,45469 (74.67%)$5,454--

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