La Roche College Financial Aid and Scholarships
Students Receiving Aid
76%
Total Aid Amount
$16.669M
Financial Aid Official Website
www.laroche.edu/Financial_Aid/
It is interesting to note that, every year, around 89% of students at LRU receive some kind of financial aid, while the total amount of assistance/loans provided is $5,549,845. At LRU, the total percentage of applicants who receive the Federal Grant stands at 46%. In comparison, 89% of the students are awarded the Student Grant, 88% get the Institution Grant, and 46% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,411, while the same comes to $3,431 for State Grant receivers and $15,831 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,716. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 49% of the applicants to La Roche University opt for student loans.
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