Lionel University
For-profit College in Carpinteria, CA. Six-year graduation rate 67%.
Completion is a strength: 67% of students finish within six years. Graduates leave owing a median of $12,668 — modest by four-year standards.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
Six-year completion runs to 67% — students who start here overwhelmingly finish here. Retention of 75% means a meaningful slice of each entering class does not return. Transfer-out runs to 19% — common enough at this school that the completion rate is measuring a smaller group than the entering class. At 24:1, instructor access is thin — worth probing on a campus visit. Being a for-profit four-year institution 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 452 degree- or certificate-seeking undergraduates
Net price averages $28,176 annually, so cost is the first thing to weigh here. Net price varies modestly by income — $29,817 at $0–30k against $27,635 at $30–48k — so the average is a fair guide for most families. 65% of students receive grant aid, averaging $4,539 — common but not automatic. Most students borrow — 66% take federal loans to cover the gap.
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 · 25 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 | $29,817 |
| $30–48k | $27,635 |
| $48–75k | — |
| $75–110k | — |
| $110k+ | — |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 300 of these 452 students, totalling $2,456,421 — an average of $8,188 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Santa Barbara County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)