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

For full-time, first-time beginning students (freshmen), 72.00% of students received grants or scholarships and 65% 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 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14264 (85%)$2,232141 (46%)$3,044137 (44%)$5,652
2014-15181 (59%)$3,713162 (53%)$3,40081 (26%)$6,156
2015-16127 (49%)$3,792111 (43%)$3,578118 (46%)$5,591
2016-17119 (66%)$3,72695 (52%)$3,03092 (51%)$5,685
2017-18101 (57%)$2,87399 (56%)$2,85498 (56%)$4,667
2018-1989 (59%)$3,06489 (59%)$3,06481 (53%)$4,477
2019-20117 (65%)$3,600117 (65%)$3,600120 (67%)$5,316
2020-21122 (70%)$3,727121 (70%)$3,686124 (71%)$5,499
2021-22114 (73%)$4,396100 (64%)$3,410109 (70%)$5,014
Average137 (64.78%)$3,458115 (56.44%)$3,296107 (53.78%)$5,340
*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, 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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1415 (83%)$4,12513 (72%)$6,455
2014-1519 (83%)$4,3968 (35%)$7,167
2015-1615 (79%)$3,81316 (84%)$6,280
2016-1715 (68%)$3,32716 (73%)$7,162
2017-1854 (67%)$2,94050 (62%)$5,107
2018-1933 (62%)$3,30631 (58%)$5,358
2019-2030 (65%)$3,94229 (63%)$5,754
2020-2156 (80%)$3,62055 (79%)$5,602
2021-2233 (61%)$4,03430 (56%)$4,108
Average30 (72.00%)$3,72328 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1413 (72%)$3,4575 (28%)$901 (6%)$13,9337 (39%)$364
2014-1519 (83%)$4,29716 (70%)$117----
2015-1614 (74%)$3,88710 (53%)$112--10 (53%)$165
2016-1713 (59%)$3,5149 (41%)$100--11 (50%)$302
2017-1854 (67%)$2,940------
2018-1933 (62%)$3,306------
2019-2030 (65%)$3,942------
2020-2155 (79%)$3,5287 (10%)$1,243----
2021-2229 (54%)$3,14513 (24%)$3,223----
Average29 (68.33%)$3,55710 (37.67%)$8141 (6.00%)$13,9339 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1413 (72%)$6,45513 (72%)$6,455--
2014-158 (35%)$7,1678 (35%)$7,167--
2015-1616 (84%)$6,28016 (84%)$6,280--
2016-1716 (73%)$7,16216 (73%)$7,0061 (5%)$2,486
2017-1850 (62%)$5,10750 (62%)$4,9533 (4%)$2,560
2018-1931 (58%)$5,35831 (58%)$5,358--
2019-2029 (63%)$5,75429 (63%)$5,754--
2020-2155 (79%)$5,60255 (79%)$5,602--
2021-2230 (56%)$4,10830 (56%)$4,108--
Average28 (64.67%)$5,88828 (64.67%)$5,8542 (4.50%)$2,523