Lil Lou's
Beauty and Barber College
For-profit College in Gary, IN.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
No six-year graduation rate is reported for this institution, which is common for schools whose students are mostly part-time, transfer in, or enroll in short programs that the federal cohort measure does not track. Its absence is not itself a bad sign, but it does remove the clearest completion signal. Retention is weak: only 0% of full-time first-years return, so roughly nine in ten leave after one year. At 12:1, students get materially more instructor contact than at a typical public university. Being a for-profit short-program school is the single most useful context for these numbers — the sector's spread is wide enough that the school-level figures matter more than usual.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 57 degree- or certificate-seeking undergraduates
Students pay an average of $16,011 annually once grants are applied. The gap between the $0–30k and $30–48k bands is narrow ($16,011 versus $18,640), meaning aid is not strongly need-weighted. Grant aid is widespread — 91% of students receive it, averaging $5,248. Borrowing is widespread: 86% take federal loans.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 6 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $16,011 |
| $30–48k | $18,640 |
| $48–75k | — |
| $75–110k | — |
| $110k+ | — |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 49 of these 57 students, totalling $326,638 — an average of $6,666 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Lake County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
Probation or Equivalent or More Severe Status: Monitoring (Other - Provide unlisted or multiple justifications); School has an accreditation issue
VA GI Bill Comparison Tool (Veterans Affairs GIDS)