Can You Afford To Attend Lyme Academy College Of Fine Arts
Once you have a Net Price estimate, youll want to figure out whether your family can afford to pay Lyme Academy College of Fine Arts tuition and costs. Once again, the Net Price is the total cost of attending, minus the aid you can expect to get . It’s the amount you’d have to cover yourself.
The US government has come up with a standardized way to calculate how much a typical family can afford to pay without help. They call this the Expected Family Contribution, or EFC.
As an example, a family that brings home $80,000 in income before taxes, with no assets and no other children in college, has an EFC of around $7,000. This is the amount the government thinks that family can reasonably pay, and the school will have to step in and cover the rest.
Colleges use this number as a guideline to decide how much aid to give you, but it’s just a guideline. Some schools will be stingier with aid, and you’ll have to pay more than the government’s suggested EFC.
So we’re going to calculate your EFC and compare it to Lyme Academy College of Fine Arts’s Net Price. If the Net Price is higher than the EFC, the school will cost more than you can typically afford. It’s a simple equation:
Net Price – Expected Family Contribution = Deficit
We’ve constructed a simple tool to figure out whether Lyme Academy College of Fine Arts is affordable for you:
Estimated 4 Year Cost At Published Tuition
At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor’s degree at Lyme Academy College of Fine Arts is $171,676 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you’re in school. It also assumes you receive no grant or scholarship aid and pay the full list price.
A potentially more accurate but less conservative estimate of a degree cost can be made by using the school’s annual $22,997 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $91,988**
If you end up on the “five year plan” and need an additional year to graduate, your five year cost could be as high as $214,595 or $114,985 using an average net price.
**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education’s 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school’s net price calculator for further understanding of your potential net price.
How Much Debt Is Typical For Students At Lyme Academy College Of Fine Arts
Aside from grants, the other major way to pay for college is with student loans. Student loans arent free sums of money – you borrow a certain amount to attend Lyme Academy College of Fine Arts, and then pay it back with smaller monthly payments after you graduate.
The more student loan money you borrow, the more debt youll end up with after graduation. Ideally, you want to minimize your student debt as much as possible. Less debt means less of a financial burden once you leave school.
Its generally a bad sign if a school has many students taking out a lot of loans. This indicates that graduates have to worry about paying back big sums of money once they leave school.
To address the amount and type of debt that students take on, this section will cover:
Lets see what students at Lyme Academy College of Fine Arts have to deal with:
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Data Sources: Irs Forms 990
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. .
Impact & Results
Not Currently Scored
Lyme Academy of Fine Arts Inc. cannot currently be evaluated by our Impact & Results methodology because either it is eligible, but we have not yet received data we have not yet developed an algorithm to estimate its programmatic impact its programs are not direct services or it is not heavily reliant on contributions from individual donors.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
Spent in most recent FY
Percent of program expenses
LYME ACADEMY COLLEGE OF FINE ARTS IS A FOUR-YEAR, NATIONALLY-ACCREDITED COLLEGE OFFERING BACHELOR OF FINE ARTS DEGREES IN DRAWING, ILLUSTRATION, PAINTING, AND SCULPTURE. ITS MISSION IS TO PROVIDE THE … LYME ACADEMY COLLEGE OF FINE ARTS IS A FOUR-YEAR, NATIONALLY-ACCREDITED COLLEGE OFFERING BACHELOR OF FINE ARTS DEGREES IN DRAWING, ILLUSTRATION, PAINTING, AND SCULPTURE. ITS MISSION IS TO PROVIDE THE BEST EDUCATION IN DRAWING, ILLUSTRATION, PAINTING, AND SCULPTURE THROUGH STUDY OF THE HISTORY, TRADITIONS, AND PRINCIPLES OF THE FINE ARTS AND THE LIBERAL ARTS, THEREBY ESTABLISHING A COMPREHENSIVE FOUNDATION FOR THE DEVELOPMENT OF THE ARTIST.
Culture & Community
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About International Student
Our vision is to be the company that best recognizes and serves the needs of international students around the world. We strive to provide students world-class resources to help them investigate and pursue an international education, through relevant content, custom online tools and engaging websites that offer only best in class products and services.
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Student Loans And Debt
The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 69% of Lyme Academy College of Fine Arts students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $10,398.
Finally: Is This Price Really Worth It
Chances are, college won’t be cheap. Even if you have a few top choice schools in mind like Lyme Academy College of Fine Arts, it’s still useful to explore broadly.
A few questions to ponder:
- How much better off will you be if you attend Lyme Academy College of Fine Arts as opposed to a similar, but cheaper, school?
- Have you considered a range of private and public schools? Big and small?
- What if you didn’t attend college at all? (This is extreme, but just worth considering even for a second.
Here’s our take: college will be a really important stage in your development. Going to a better, more reputable college will usually pay off in the long run. By going to a better college, you’ll be surrounded by a more interesting community, find it easier to land a job, and open up opportunities.
To determine the value of Lyme Academy College of Fine Arts, we’re going to rely on reputable ranking lists. These consider factors like reputation, student selectivity, income after graduating, and more to determine the value of a school.
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Things To Do In Richmond Hill
Richmond Hill is best known as the home of Canadas largest telescope, housed in the citys famed David Dunlap Observatory, opened in 1935. Aside from an evening under the stars, you can take in regular programs, lectures and events. Learn all about astrology and the mysteries of space with your entire family, the observatory features family-friendly programming several times throughout the year.
Before observing the celestial, you can step back in time and visit the Richmond Hill Heritage Centre. The museum features a fully restored Regency-style home from the 1840s. Aside from its superb example of regional architecture, the centre also offers a comprehensive display of the areas history. Learn about industries such as lumber, iron, agriculture and distilleries. Enjoy the centres historic home and surrounding park with a cultural afternoon tea.
Richmond Hill also features an abundance of outdoor opportunities. Youll find popular green spaces like Lake Wilcox home to three recreational parks in the northern part of the city. You can fish, paddle, swim, windsurf or have a leisurely picnic on the shore. Other attractive green spaces include Crosby Park, Oak Ridges Corridor Conservation Reserve and Heron Pond.
Pell Grants And Other Grant Aid
100% of Lyme Academy College of Fine Arts students received grant aid in 2019/2020. The average total aid amount was $12,308. 38 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $4,250. To apply for a Pell Grant to attend Lyme Academy College of Fine Arts, the first step is to fill out the Free Application for Federal Student Aid .
|Financial Aid Summary
|45.5% less expensive
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% Of Students Get Any Aid
This is 8% HIGHER than the average for Private not-for-profit schools, which is 92%.
This is good news – more students getting financial aid means students at Lyme Academy College of Fine Arts are likely getting a pretty good deal on their education. It could also mean the school skews toward lower income students.
Next, we’ll look at actual aid amounts and student debt to dig deeper.
% Get Any School Grants
This is 18% HIGHER than the average for Private not-for-profit schools, which is 82%.
Because more Lyme Academy College of Fine Arts students get institutional aid, it likely offers relatively competitive financial aid. This means fewer students will need to take out loans to pay for college.
The amount of money that students actually get is just as important than the percent of students who get grants. If you receive a grant, youll want it to be big enough to do you some good.
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Average Grant Award: $12308
This is $4180 LOWER than the average for Private not-for-profit schools, which is $16488.
Altogether, this is mixed news – at Lyme Academy College of Fine Arts, MORE students get aid, but the ones who do get LESS than average. This may mean that it’s easier for you to qualify for Lyme Academy College of Fine Arts financial aid, but the help you get will be lower than at other schools.
How Generous Is Lyme Academy College Of Fine Artss Financial Aid
The grant dollar amounts weve seen so far have included aid from all sources – both federal and institutional. Schools dont have much control over how much federal aid students can qualify for , but they do their own financial aid dollars and how theyre used.
To figure out how strong Lyme Academy College of Fine Artss own financial aid program is, well look at how they award their own financial aid dollars. The more students receive aid directly from the school , and the bigger the award amounts, the better the financial aid program.
Lets see how generous Lyme Academy College of Fine Arts is with its students:
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Lyme Academy Of Fine Arts Inc
Old Lyme CT | IRS ruling year: 1991 | EIN: 06-0942210
THE MISSION OF LYME ACADEMY COLLEGE OF FINE ARTS IS TO EDUCATE ASPIRING ARTISTS THROUGH A RIGOROUS STUDIO CURRICULUM ROOTED IN FIGURATIVE AND REPRESENTATIONAL ART. S … THE MISSION OF LYME ACADEMY COLLEGE OF FINE ARTS IS TO EDUCATE ASPIRING ARTISTS THROUGH A RIGOROUS STUDIO CURRICULUM ROOTED IN FIGURATIVE AND REPRESENTATIONAL ART. SEE SCHED O.
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What Would It Cost You To Attend Lyme Academy College Of Fine Arts
Finally, we get to the bottom line: what will Lyme Academy College of Fine Arts actually cost YOU? Every family has a different situation, and depending on your income level, you’ll have to pay more or less to go to college.
What is Net Price, and Why Does it Matter?
Above, we’ve covered Lyme Academy College of Fine Arts’s Cost of Attendance . We also covered its typical financial aid in grants, loans, and scholarships.
The Net Price is the total cost minus the total aid given. In other words, this is the price you have to pay to the school out of pocket. The lower the school’s cost, and the more aid you get, the lower the Net Price.
We’ll cover two ways to get your Net Price for Lyme Academy College of Fine Arts – the fast way, and the precise way.
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Lyme Academy College Of Fine Arts Tuition And Financial Aid
This guide is designed to answer one question for you: How are you going to afford Lyme Academy College of Fine Arts?
You probably know that planning for expenses is an important part of the college application process. What you may not know is how many different things you need to keep track of to pay tuition and apply for financial aid.
Here’s what we’ll cover:
- How much does Lyme Academy College of Fine Arts tuition cost?
- How much financial aid do students at Lyme Academy College of Fine Arts usually get?
- How much debt is typical for students at Lyme Academy College of Fine Arts?
- How much will Lyme Academy College of Fine Arts cost YOU, and can you actually afford it?
- Is Lyme Academy College of Fine Arts a good value for you?
- What are other schools that might be a better value than Lyme Academy College of Fine Arts?
School location: Old Lyme, CT
How Much Does Lyme Academy College Of Fine Arts Cost
Knowing what a school costs is Step #1 in managing college costs. Theres more to think about than just the tuitionyou also have to factor in where you’ll live, what you’ll eat, and more while attending Lyme Academy College of Fine Arts.
The “Cost of Attendance” is the total amount of money the average student has to pay, WITHOUT any financial aid, to attend a particular school. Think of it as a schools sticker price. It includes not just Lyme Academy College of Fine Arts tuition and fees, but also room, board, textbooks, and personal expenses.
Heres the Cost of Attendance breakdown for Lyme Academy College of Fine Arts:
- Tuition and Fees $29616$29616
- Room & Board, Off-Campus$8898
- Typical Total Cost for Off-Campus StudentsTypical Total Cost for Off-Campus Students $42514 $42514
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% Get Any Grant Money
This is 11% HIGHER than the average for Private not-for-profit schools, which is 89%.
Although its useful to know how many students get grant aid, its also important to know how much grant aid people tend to receive. The bigger the average grant award, the better.
So how much grant money do students at Lyme Academy College of Fine Arts tend to receive?
Estimated Future Cost And Expected Tuition Increase
What will it cost to send your child to Lyme Academy College of Fine Arts in the future? Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc’s estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $171,676.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Lyme Academy College of Fine Arts.
College Cost Analysis.
- CollegeCalc is a source for students and parents seeking college pricing data and higher education cost calculation. Learn more.
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Lyme Academy College Of Fine Arts Now An Affiliate Of The University Of New Haven
University of New Haven
We represented the University of New Haven in connection with the affiliation of Lyme Academy College of Fine Arts in Old Lyme, Connecticut with UNH. This exciting opportunity for UNH allows UNH to enhance its experiential learning opportunities in the fine arts and adds to its growing footprint of campuses throughout Connecticut and beyond. In connection with the rare affiliation of two institutions of higher learning, a team of attorneys and paralegals at the firm addressed the many legal issues presented – ownership, corporate governance, 501 and other tax matters, endowment and charitable giving matters, accreditation and regulatory consents, human resources, employee benefits, faculty, staff and student matters, real estate, environmental matters, housing , degree requirements, financial aid, accounting, and lender consents.