$4,618

Avg. Federal Grant

$5,272

Avg. Federal Loan

$20,515,780

Total Aid Awarded

LaGrange College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$20.516M

Financial Aid Official Website

www.lagrange.edu/admission-and-aid/financial-aid/index.html

It is interesting to note that almost every student at LC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,460,178. One can visit LC's financial aid page at http://www.lagrange.edu/admission-and-aid/financial-aid/index.html for more information. Notably, a total of 45% of the applicants to LaGrange College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 44% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,986, and the same stands at $4,352 for State Grant awardees and $17,835 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,662. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $24,092 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $23,013 and $21,177, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $20,271. And, for those with a family income of more than $110,000, the amount stands at $18,341. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 79% of the applicants to LaGrange College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

82%

Institution Grant Aid

100%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,618

State Grant Aid

$3,801

Institution Grant Aid

$17,652

Pell Grant

$4,394

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,354

$30,001 - $48,000

$26,325

$48,001 - $75,000

$25,044

$75,001 - $110,000

$23,493

Over $110,000

$19,369

Student Loans for LaGrange College

Average Loan Amount Average Loan Amount received per year.

$8,059/Year

Students Taking Out Loans

80%

Loan Default Rate

10%

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