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LYME ACADEMY COLLEGE OF FINE ARTS
Lyme Academy College of Fine Arts
84 Lyme Street
Old Lyme, CT 06371

Official telephone: (860) 434-5232
Fax number: (860) 434-8725

Website: www.lymeacademy.edu


Options:
Screen last updated on: January 27, 2011

The financial aid information below is valid for the 2009 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Jim Falconer,
Director of Financial Aid
Contacting the office: 860 434-3571, extension 114
860 434-8725 (fax)
jfalconer@lymeacademy.edu
FAFSA number: 030794

EXPENSES
Undergraduate tuition: $23,384; $23,384 out-of-state
Additional required fees: $1,476
Book fees: $1,500
Miscellaneous expenses: $2,500
Other expenses: Transportation, miscellaneous.
Combined room and board expenses: $8,550

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAFebruary 15yesN/A

Applied for financial aid:
89% of first-year students
66% of full-time undergraduates
73% of part-time undergraduates
Determined to have financial need:
88% of first-year students
100% of full-time undergraduates
88% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
89% of full-time undergraduates
100% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
71% of first-year students
95% of full-time undergraduates
57% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
71% of first-year students
90% of full-time undergraduates
86% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
100% of first-year students
100% of full-time undergraduates
43% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
0% of first-year students
0% of full-time undergraduates
0% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
0% for first-year students
0% for full-time undergraduates
0% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$14,405 for first-year students
$12,136 for full-time undergraduates
$5,816 for part-time undergraduates
Average need-based gift award:
$4,475 for first-year students
$2,219 for full-time undergraduates
$1,936 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$0 for first-year students
$0 for full-time undergraduates
$0 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$2,882 for first-year students
$3,518 for full-time undergraduates
$3,416 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
11% of first-year students
15% of full-time undergraduates
18% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$7,500 for first-year students
$4,000 for full-time undergraduates
$3,500 for part-time undergraduates
Students who received a non-need-based athletic award:
0% of first-year students
0% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$0 for first-year students
$0 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 10%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
First-year loan package range: $3,500 - $10,500
Undergraduate loan package range: $1,750 - $10,500
Percent of undergraduates who have borrowed through all loan programs: 75%
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • special achievements/activities
First-year scholarship/grant award range: $4,000 - $10,000
Undergraduate scholarship/grant award range: $1,000 - $13,000
Percent of scholarship aid awarded to out-of-state students: 48%



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