According to recent disclosures, the Lu Ross Academy did not increase tuition fees for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $18,920 in tuition for both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the school consists of California residents.
Data indicates that 79% of full-time undergraduates who began their studies at Lu Ross Academy in 2022-23 received some form of financial aid. Specifically, 79 students were awarded grants or scholarships totaling $418,853, while 70 students borrowed over $358,120 in student loans.
Across all undergraduate students, 311 received grants or scholarships amounting to $1.5 million, and 276 students obtained federal student loans totaling $1.5 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the Lu Ross Academy in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 76 | 70% | $387,214 | $5,095 |
| State / local grant or scholarship | 0 | 2% | $0 | $0 |
| Institutional grants or scholarships | 0 | 3% | $0 | $0 |
| Grant or scholarship aid total | 79 | 73% | $418,853 | $5,302 |
| Federal student loans | 70 | 65% | $358,120 | $5,116 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 70 | 65% | $358,120 | $5,116 |
| Total student aid | 85 | 79% | $776,973 | $9,140 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
