Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 183, which is 77.56 % of all undergraduate students. 176 students which is 75.00% of undergraduate students received federal student loans and the average loan amount is $6,995.

For full-time, first-time beginning students (freshmen), 80.78% of students received grants or scholarships and 80% 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 Laurel Business Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 183, which is 77.56 % of all undergraduate students. 176 students which is 75.00% of undergraduate students received federal student loans and the average loan amount is $6,995.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14171 (81%)$6,352158 (75%)$3,988178 (84%)$6,435
2014-15179 (77%)$6,550163 (70%)$4,312179 (77%)$6,068
2015-16162 (72%)$6,916147 (66%)$4,357182 (81%)$6,929
2016-17160 (74%)$7,337143 (66%)$4,578164 (76%)$6,464
2017-18183 (77%)$7,965176 (74%)$5,669189 (79%)$5,805
2018-19168 (72%)$8,702142 (61%)$5,376158 (68%)$7,508
2019-20186 (78%)$7,835159 (66%)$5,022173 (72%)$8,094
2020-21187 (79%)$6,318129 (54%)$5,470161 (68%)$7,008
2021-22249 (88%)$6,223150 (53%)$5,522199 (70%)$8,647
Average183 (77.56%)$7,133152 (65.00%)$4,922176 (75.00%)$6,995
*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, 73 (80.78 % of students) received grants or scholarships and its average amount is $7,104. It can cover 61.94% of tuition & fees ($11,470).

In addition, 72 (80.33 % of students) students get helped from the students loans (average amount : $7,772).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1475 (79%)$6,26981 (85%)$7,453
2014-1564 (82%)$6,61662 (79%)$5,916
2015-1658 (76%)$7,16362 (82%)$7,371
2016-1773 (78%)$7,30772 (77%)$7,351
2017-1888 (84%)$7,55287 (83%)$6,044
2018-1964 (84%)$8,87363 (83%)$7,682
2019-2064 (80%)$6,94371 (89%)$9,253
2020-2174 (76%)$6,37068 (70%)$9,056
2021-2298 (88%)$6,84483 (75%)$9,825
Average73 (80.78%)$7,10472 (80.33%)$7,772
*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, 63 (70.00 % of students) received Pell (federal) grants and its average amount is $5,156.

In addition, 34 students received State/local government grants/scholarships (38.44 % 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
2013-1472 (76%)$3,76124 (25%)$58749 (52%)$3,782--
2014-1560 (77%)$4,2359 (12%)$61139 (50%)$4,0362 (3%)$3,227
2015-1654 (71%)$4,47812 (16%)$79741 (54%)$3,7913 (4%)$2,882
2016-1766 (71%)$4,65614 (15%)$60839 (42%)$5,22911 (12%)$1,238
2017-1884 (80%)$5,71225 (24%)$61638 (36%)$4,2294 (4%)$2,161
2018-1956 (74%)$5,80628 (37%)$36831 (41%)$7,2465 (7%)$1,566
2019-2055 (69%)$5,69830 (38%)$64525 (31%)$4,3442 (3%)$1,500
2020-2150 (52%)$6,00960 (62%)$1,01117 (18%)$6,0102 (2%)$4,065
2021-2267 (60%)$6,04783 (75%)$77224 (22%)$7,9361 (1%)$11,042
Average63 (70.00%)$5,15632 (33.78%)$66834 (38.44%)$5,1784 (4.50%)$3,460
*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, 72 (80.33 % of students) get any students loan help and its average loan amount is $72.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1481 (85%)$7,45381 (85%)$7,2372 (2%)$8,754
2014-1562 (79%)$5,91662 (79%)$5,916--
2015-1662 (82%)$7,37162 (82%)$7,1461 (1%)$14,000
2016-1772 (77%)$7,35172 (77%)$7,0893 (3%)$6,300
2017-1887 (83%)$6,04486 (82%)$5,8602 (2%)$10,901
2018-1963 (83%)$7,68262 (82%)$7,4491 (1%)$22,150
2019-2071 (89%)$9,25371 (89%)$8,5048 (10%)$6,651
2020-2168 (70%)$9,05666 (68%)$7,8339 (9%)$10,979
2021-2283 (75%)$9,82581 (73%)$9,3018 (7%)$7,757
Average72 (80.33%)$7,77271 (79.67%)$7,3714 (4.38%)$10,937