$3,440

Avg. Federal Grant

$9,402

Avg. Federal Loan

$3,497,337

Total Aid Awarded

Laurus College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$3.497M

Financial Aid Official Website

www.lauruscollege.edu

Laurus College assists the students to help themselves in availing a variety of financial aid packages in the form of grants, scholarships, work-study and loans. Students have the opportunity to choose from the wide variety of financial aid services keeping in mind the guidelines meant for eligibility and qualification. The students are flexible to opt for assistance with due respect to their specific needs and plan accordingly as per their family income and progress in academic sessions. They must complete the FAFSA and meet other institutional requirements to apply for the most suitable financial aid.

However, the institution has awarded total aid of $3,497,337 catering almost 69% of the students enrolled for a variety of programs under the college.

Scholarships

These financial aids support students no matter whichever program they enrol for considering their eligibility, academic performance and leadership qualities. The recipients are not supposed to repay them once availed. Students are encouraged to select from a wide variety of scholarships. To have a look at that, visit Laurus College Financial Assistance.

Grants

These are financial aid services derived on the merit and demonstrated need of students who are not required to be returned back once you apply and make use of that. For better information, these bulletins will guide you to select the most appropriate aid as per your specific needs.

Federal Grants

Federal grants include:

  • Pell Grant: Under usual conditions and circumstances, the undergraduates need not repay Pell Grants. The amounts are under continuous change which is determined through the cost of attendance, the number of credits per quarter, degree enrolled for and full or half-year academic plans.

  • Federal Supplemental Educational Opportunity Grant: This can be used to help both Pell Grant eligible and in-eligible students, where it must be ensured that the former is served first where they have the least expected family contribution and then the latter. The range fluctuates in between $100 - $4,000.

  • Federal Work-Study: To support undergraduates with financial needs, part-time working opportunities are allotted to help them pay their study program expenses.

State Grants

The State is responsible for providing specific grants to the residential candidates confined to a list of terms and conditions regarding their academic results or grade point average considering which the grant amount is generated.

Institutional Grants

Apart from all the above financial assistance, Laurus College itself has specific grants to support those with feeble financial background. You may contact the college authorities for further guidance.

You may visit the official page to dig into more details.

Loans

  • Federal Direct Subsidized Stafford Loan: The interests for this loan are paid by the U.S.Department of Education without any credit check. The amount may reach up to $3,500 and $4,500 for first and second-year candidates based on their needs.

  • Federal Direct Unsubsidized Stafford Loan: The interests for this loan are paid by the students itself during all periods without any credit check. For first and second-year students, whether they are dependent or independent, the loan amount is around $6,000, whereas, for all other dependent students the award amounts to $2,000.

  • Federal Direct PLUS Loan: To apply for such loans, the students must make sure that there is no such adverse credit history.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

90%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

90%

Average Aid Awarded

Federal Grant Aid

$3,440

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$3,412

To bring it to your awareness about the assortment and contribution of grants serving the college students, the figures are highlighted below:

  • Federal Grants: 90% of the students are served with an average aid of $3,440.

  • Pell Grants: This serves 90% of the students with an average aid of $3,412.

The amount of federal loans offered to the recipients summarizes to be around $6,806  on an average.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,873

$30,001 - $48,000

$1,680

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Usually, the financial aid received by students is calculated keeping their family income in priority.In general terms, those with less income, received the highest financial aid and the ones with the greatest income, receive the least financial aid. One may even get an estimate of their financial aid by calculating the median and average aid for clarification .

To have a clear idea and estimation, visit the financial aid page.

Student Loans for Laurus College

Average Loan Amount Average Loan Amount received per year.

$9,402/Year

Students Taking Out Loans

90%

Loan Default Rate

19%

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