Private 4 Year

Lyme Academy College of Fine Arts Tuition & Cost

Old Lyme, Connecticut

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How much does it cost to attend?

Sticker Price

Costs for Lyme Academy College of Fine Arts
Fee Cost
Books and Supplies$2,000
Other Fees$1,632
Estimated Off Campus Cost of Living $10,463
Other Expenses Budget$0

Annual Tuition & Costs

The annual tuition to attend Lyme Academy College of Fine Arts is $28,824. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $10,463. For educational materials, students should allocate approximately $2,000 for books and supplies plus $1,632 for other fees charged by the school. Finally, students should budget $0 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Lyme Academy College of Fine Arts on a full-time basis is $42,919 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The average reported annual net price for Lyme Academy College of Fine Arts for students receiving grants or scholarship aid was $24,832 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending Lyme Academy College of Fine Arts, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

Net Price by Income Lyme Academy College of Fine Arts
Family Income Net Price Paid
$0 to $30,000$20,811
$30,001 to $48,000$25,581
$48,001 to $75,000n/a
$75,001 to $110,000$28,811

Financial Aid

100% of full-time undergrad Lyme Academy College of Fine Arts received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $12,308 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 69% of students received Federal Student Loans averaging $10,398 and 8% of undergrads took out private student loans averaging $9,700.

Finanical Aid Lyme Academy College of Fine Arts
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $12,308 100%
Institutional Grants and Scholarships $9,455 100%
Pell Grants $4,250 38%
Other Federal Grants $1,489 8%
State and Local Grants $3,588 31%
Federal Student Loans $10,398 69%
Other Student Loans $9,700 8%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Lyme Academy College of Fine Arts, we've modeled a ten year student loan with an original principal value of $91,988. The loan balance of $91,988 is a four year multiple of the $22,997 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $975 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.99%.

Example Loan $91,988
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $975.23
Total Interest Paid $25,039.11
Sum of All Loan Payments $117,027.11

Projected 4 Year Degree Price

4 Year Sticker Price

Year All Residents
1 $42,919
2 $45,923
3 $49,138
4 $52,578

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Lyme Academy College of Fine Arts to be $171,676 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Lyme Academy College of Fine Arts
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,052 $3,156 $4,208

Estimated cost for a class at Lyme Academy College of Fine Arts based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Lyme Academy College of Fine Arts versus other colleges.

Tuition Payment Plans Available

Lyme Academy College of Fine Arts Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=129686 IPEDS survey data for Lyme Academy College of Fine Arts.