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Colleges / Long Island Business Institute

Long Island Business Institute Tuition Information

In 2017, tuition for full-time students at Long Island Business Institute was $8,866 a year. On average, college tuition rises about 3 percent a year.

If these numbers sound high, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college more manageable.

In-state vs. Out-of-state Tuition at Long Island Business Institute

Long Island Business Institute is a private institution, so it has the same tuition for residents of New York as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for students who are residents of that state.

Attending a school where you qualify for in-state tuition can save significant money on the overall cost of college. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition

Explore other New York colleges

Long Island Business Institute International Student Tuition

Long Island Business Institute has the same tuition for international students as for those from out of state.

International students are not eligible for federal financial aid, but may be eligible for school-specific aid and scholarships.

Long Island Business Institute Living Expenses and Other Costs

In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies.

Room and Board at Long Island Business Institute

Long Island Business Institute does not offer on-campus housing for students, so there are no charge for dorms.

Board costs may vary depending on how many meals are included in the meal plan you choose.

Cost of Books at Long Island Business Institute

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the materials required.

Yearly Fees

Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs. Full-time undergrads at Long Island Business Institute pay $375 in fees each academic year.

There may also be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team, may mean additional fees.

Transportation costs

The total cost of transportation in college can really vary. It depends on if you drive or fly to get to school, own a car, or if you prefer to walk or take public transportation to get around campus.

A school's location can impact transportation costs. The Long Island Business Institute campus is in a urban setting in New York, not far from New York City.

Other College Costs

When creating a budget for college, don’t forget to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.

Let’s look at the breakdown of all expenses, which can add up for both on-campus and off-campus students.

Total Cost of Long Island Business Institute

2021 Total Tuition and Expenses
Tuition $8,866
Yearly Fees $375
Total Estimated Costs
On-Campus $9,241
Off-Campus $9,241

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

Financial Aid at Long Island Business Institute

The majority of Long Island Business Institute undergrads use financial aid to finance their education. In 2021, 0 of the 1,118 undergrads enrolled received financial aid.

Most Common Loans for Long Island Business Institute Students

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Long Island Business Institute financial aid, keep reading, or visit their financial aid website.

Scholarships at Long Island Business Institute

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

Net Cost of Long Island Business Institute

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Long Island Business Institute students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Long Island Business Institute seem more manageable.

Estimated Net Cost for Full-Time Students

What will attending Long Island Business Institute really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Long Island Business Institute's net cost calculator on their website.

Long Island Business Institute Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Long Island Business Institute does not have guaranteed tuition.

The school offers a Prepaid Tuition Plan, which is a type of college savings plan that enables people to purchase future credits for their children at today's rate. It is best for people who are sure they or their child will attend a public school in their state.

Long Island Business Institute offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does Long Island Business Institute offer tuition waivers?

Schools sometimes offer tuition waivers to certain groups to cover some or all of the cost of tuition. Some schools offer them for employees and their family, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student

Check the financial aid website for more information on payment plans and tuition waivers.

Long Island Business Institute Tuition & Fees

Tuition & Fees

$9,241

In State

$9,241

Out-of-State
Cost Breakdown
In State
Out-of-State
State Tuition
$8,866
$8,866
Fees
$375
$375
Housing
Unknown
Unknown
Books
Unknown
Unknown

Long Island Business Institute Financial Aid

Students Who Receive Need-Based Aid

Unknown

© 2021 College Confidential / Concentrical LLC, Data provided by IPEDs and Peterson's Databases, © 2020 Peterson's LLC.

Quick Facts

Total Enrollment

1,118

Campus Setting

Urban

Acceptance Rate

93%

Tuition and Fees

In State

$9,241

Out-of-State

$9,241

Fall Freshmen
Application Deadline

Continuous processing
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