$2,418

Avg. Federal Grant

$5,630

Avg. Federal Loan

$36,303,423

Total Aid Awarded

Lasell College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$36.303M

Financial Aid Official Website

www.lasell.edu/tuition-and-aid.html

Notably, 97% of the students at Lasell University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,172,391. The total percentage of candidates applying to Lasell University who receive the Federal Grant is 37%. Meanwhile, 97% of the applicants receive the Student Grant and 97% are awarded the Institution Grant, while 35% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,161, the State Grant receivers and Institution Grant beneficiaries get $1,428 and $23,006, respectively. And, for the Pell Grant awardees, the average aid amount is $4,325. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Lasell University, the percentage of candidates who opt to avail of student loans is around 91%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

35%

State Grant Aid

22%

Institution Grant Aid

95%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$2,418

State Grant Aid

$1,836

Institution Grant Aid

$22,039

Pell Grant

$2,380

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants,with institutional grants having the highest contribution of 95% with an average aid amount being $22039.

Pell grants have a percentage of 35% with an average aid amount of $2380 which is higher than the State grant aid average of $1836.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,885

$30,001 - $48,000

$27,549

$48,001 - $75,000

$27,843

$75,001 - $110,000

$27,255

Over $110,000

$21,501

As shown in the table lower the family income higher is the amount of aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $28885 while those with family income over $110,000 can expect to receive an aid amount of $21501. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for Lasell College

Average Loan Amount Average Loan Amount received per year.

$8,248/Year

Students Taking Out Loans

91%

Loan Default Rate

6.2%

Other Colleges In Massachusetts

Salem State University
Salem State University

Salem, Massachusetts

Williams College
Williams College

Williamstown, Massachusetts

Curry College
Curry College

Milton, Massachusetts

Other Colleges In Newton

William James College
William James College

Newton, Massachusetts

Mount Ida College
Mount Ida College

Newton, Massachusetts

Other Private not-for-profit Colleges

Harvard University
Harvard University

Cambridge, Massachusetts

Johns Hopkins University
Johns Hopkins University

Baltimore, Maryland

DePaul University
DePaul University

Chicago, Illinois