Lafayette College Financial Aid and Scholarships
Students Receiving Aid
51%
Total Aid Amount
$52.032M
Financial Aid Official Website
https://admissions.lafayette.edu/financial-aid/
Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Joseph P. Gavenonis Scholarship, and Marie L. Rose Scholarship. It is interesting to note that, every year, around 57% of students at LC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,350,961. One can visit LC's financial aid page at https://admissions.lafayette.edu/financial-aid/ for more information. At LC, the total percentage of applicants who receive the Federal Grant stands at 10%. On the other hand, 49% of the candidates get the Student Grant, 49% receive the Institution Grant, and 10% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,366, and the same stands at $3,796 for State Grant awardees and $43,184 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,709. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $58,336 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $50,255, while those falling in the $48,001-$75,000 income category get $45,428 a year. Those with an annual income level of $75,001-$110,000 would receive $42,490, while candidates with more than $110,000 of family income receive an average federal aid of $22,396. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At LC, an estimated number of 31% of the applicants choose to go for student loans.
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