Understanding Lourdes University Tuition and Costs
Choosing a university is a significant decision, and understanding the financial implications is a crucial part of the process. This article provides a comprehensive overview of Lourdes University tuition, costs, and financial aid options to help prospective students and their families make informed decisions.
Tuition Costs
The median undergraduate tuition at Lourdes University is $26,010. This figure is $1,435 more than the national average for Masters Colleges and Universities, which stands at $24,575. In essence, the cost of tuition at Lourdes University is $1,435 more than the overall (public and private) national average for Masters Colleges and Universities.
Average Net Price
The average net price, which is the price paid after factoring in grants and loans, at Lourdes University is $22,614. The average net price of Lourdes University grew by 0.0884% between 2022 and 2023. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. For the most accurate estimate, it is recommended to use the college’s Net Price calculator.
Other Student Expenses
Beyond tuition, students should also consider other expenses such as room and board, books, and supplies. In 2023, the average yearly cost of room and board at Lourdes University was $12,000. This cost increased by 16% between 2022 and 2023. During the same period, the average yearly cost of books and supplies was $1,247, a decrease of 16.3%. Personal expenses are estimated at $6,918 per year.
Financial Aid
Financial aid can include grants, loans, scholarships, and work-study jobs. Financial aid packages vary depending on your financial need, which most colleges determine based on your FAFSA. 74% of undergraduate students at Lourdes University received financial aid through grants or loans in 2023. This represents a decline of 12.9% with respect to 2022, when 85% of undergraduate students received financial aid.
Read also: Tuition and Aid at Our Lady of Lourdes
Grants and Scholarships
Scholarships and grants don’t need to be paid back. Some students receive enough in scholarship money to cover their tuition and living expenses. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation.
Loans
Loans must be paid back. At Lourdes University, the median federal loan debt among borrowers who completed their undergraduate degree is $27,000. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $286.
Financial Aid Statistics
In 2023, 74% of undergraduate students attending Lourdes University received financial aid through grants. Comparatively, 60% of undergraduate students received financial aid through loans.
Student Loan Default Rate
In 2022, the default rate for borrowers at Lourdes University was 0%, corresponding to 0 out of the 300 total borrowers. Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
Admissions and Enrollment
Lourdes University received 1,004 undergraduate applications in 2023, a 7.21% annual growth. The university accepted 744 students for enrollment, representing a 74.1% acceptance rate. There were 1,014 students enrolled at Lourdes University in 2023. The university has an overall enrollment yield of 17.3%, which represents the number of admitted students who ended up enrolling.
Read also: Student Portal: Kids' Club and More
Full-Time vs. Part-Time Enrollment
The full-time enrollment at Lourdes University is 762 students, and the part-time enrollment is 252. This means that 75.1% of students enrolled at Lourdes University are enrolled full-time.
Enrollment by Race & Ethnicity
The enrolled student population at Lourdes University, both undergraduate and graduate, is 77.1% White, 10.8% Black or African American, 4.34% Two or More Races, 1.87% Hispanic or Latino, 1.58% Asian, 0.197% Native Hawaiian or Other Pacific Islanders, and 0.197% American Indian or Alaska Native.
Graduates and Outcomes
In 2023, 247 degrees were awarded across all undergraduate and graduate programs at Lourdes University. 60.7% of these degrees were awarded to women, and 39.3% awarded men. The most common race/ethnicity group of degree recipients was white (169 degrees), 8.89 times more than the next closest race/ethnicity group, black or african american (19 degrees).
Time to Complete
In 2023, 53% of students graduating from Lourdes University completed their program within 100% "normal time" (i.e., 4 years for a 4-year degree). Comparatively, 53% completed their degrees within 150% of the normal time, and 60% within 200%.
Graduation Rate
The student demographic with the highest graduation rate in 2023 at Lourdes University is Male and Hispanic or Latino (50% graduation rate).
Read also: University of Georgia Sorority Guide
Additional Considerations
Retention Rate
The retention rate for full-time undergraduates at Lourdes University was 64%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Lourdes University had a retention rate lower than its peers.
Endowment and Expenditures
Lourdes University has an endowment valued at nearly $8.94M, as of the end of the 2023 fiscal year. In 2023, Lourdes University had a total salary expenditure of 31.1M.
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