LaGrange College Financial Aid and Scholarships
Students Receiving Aid
99%
Total Aid Amount
$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.
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