$4,873

Avg. Federal Grant

$5,746

Avg. Federal Loan

$21,729,852

Total Aid Awarded

Lander University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$21.730M

Financial Aid Official Website

www.lander.edu/sites/financial-aid-office

Interestingly, almost all of the students at LU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $12,187,274 in a year. For additional information about financial assistance schemes, one can head over to LU’s financial aid page at http://www.lander.edu/sites/financial-aid-office. At LU, the total percentage of applicants who receive the Federal Grant stands at 51%. In comparison, 98% of the students are awarded the Student Grant, 70% get the Institution Grant, and 51% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,215, and the same stands at $4,508 for State Grant awardees and $6,809 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,966. 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. 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. Every year, around 70% of the applicants to Lander University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

83%

Institution Grant Aid

54%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,873

State Grant Aid

$4,509

Institution Grant Aid

$5,210

Pell Grant

$4,732

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,289

$30,001 - $48,000

$10,551

$48,001 - $75,000

$8,648

$75,001 - $110,000

$6,599

Over $110,000

$5,745

Student Loans for Lander University

Average Loan Amount Average Loan Amount received per year.

$6,132/Year

Students Taking Out Loans

74%

Loan Default Rate

10.2%

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