Long Island Business Institute

In 2002, Long Island Business Institute's tuition was $8,866 a year.

Tuition was the same price in 2023 as it was the year before. Usually, college tuition rises about 3% year.

If this makes attending the college of your dreams seem daunting, remember, the advertized cost of tuition doesn't mean much if you plan to use financial aid to help pay for college. Many students pay much less than the sticker price after grants, scholarships, and tuition discounts are applied. Plus, student loans can make the amount you do have to pay out of pocket feel more doable until you're done with college.

For information on Long Island Business Institute's financial aid options for first-year students, check with the school directly.

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

Long Island Business Institute is a private institution, which means it has the same tuition for students from New York as it does for students who live in other states.

Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to confirm your state's guidelines for how to qualify for in-state residency. 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. There may be additional requirements too, depending on where you live.

Explore other New York colleges

Is Long Island Business Institute's Tuition Different for International Students?

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

International students are not eligible for loans or grants from the U.S. government, but should research private or Long Island Business Institute-specific grants, scholarships, and other funding opportunities.

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Long Island Business Institute Housing Expenses, Fees, and More

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In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Long Island Business Institute.

Room and Board Costs at Long Island Business Institute

Long Island Business Institute doesn't offer on-campus housing for students, so there is no cost for housing, however you should take into account the cost of off-campus housing when estimating the actual cost of various colleges.

Meal-plan costs vary based on on the number of meals you intend to eat on-campus

Cost of Books at Long Island Business Institute

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

Most schools also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be other costs associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges have ways so that those with demonstrated need to find ways to lower or eliminate these fees.

Planes, Trains, and Automobiles: Transportation costs at Long Island Business Institute

The cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or are you planning to use public transportation? All of these factors can make a big difference in your transportation budget.

A school's location can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city may be pricey, but there may be more buses, trains and affordable flights to actually get to school. Long Island Business Instituteis located in a city in New York, not far from New York City.

Other Costs

When you're planning for college, don’t forget to factor in the cost of things like entertainment, clothes, furnishings and toiletries.

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The Full Cost of Attending Long Island Business Institute

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Now, let’s go over all of the costs we've covered, to get a better estimate of what is really costs to go to Long Island Business Institute.

Total Cost of Long Island Business Institute

What will the cost of attending Long Island Business Institute be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$8,866

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$11,866
Off-Campus	$15,066

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.

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Financial Aid at Long Island Business Institute

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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.

Long Island Business Institute Net Cost

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.

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.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Long Island Business Institute Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a 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's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

For more information about Long Island Business Institute's endowment, check with the school directly.

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Learn More About Long Island Business Institute

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

Student Life

Academics

Admissions

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