$3,200

Avg. Federal Grant

$6,600

Avg. Federal Loan

$238,400

Total Aid Awarded

Los Angeles College of Music (LACM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

23%

Total Aid Amount Average Total Aid Awarded per year.

$238.400K

Financial Aid Official Website

www.lacm.edu/admissions/financial-aid/

Notably, 68% of the students at Los Angeles College of Music get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,057,266. Notably, a total of 29% of the applicants to Los Angeles College of Music receive the Federal Grant every year. On the other hand, 60% of the candidates get the Student Grant, 43% receive the Institution Grant, and 28% get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,082. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 43% of the applicants to Los Angeles College of Music opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

N/A

Institution Grant Aid

24%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$3,200

State Grant Aid

N/A

Institution Grant Aid

$5,200

Pell Grant

$3,200

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,913

$30,001 - $48,000

$2,645

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Los Angeles College of Music (LACM)

Average Loan Amount Average Loan Amount received per year.

$6,600/Year

Students Taking Out Loans

16%

Loan Default Rate

10.3%

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