Lawrence Technological University Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

Lawrence Technological University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$22.508M

Financial Aid Official Website

www.ltu.edu/financial_aid/

Such schemes include Alumni Scholarship, Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, and Bay City Civitan/Marcella Barber Scholarship. Notably, 98% of the students at Lawrence Technological University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,046,019. For additional information about financial assistance schemes, one can head over to LTU’s financial aid page at http://www.ltu.edu/financial_aid/. Notably, a total of 29% of the applicants to Lawrence Technological University receive the Federal Grant every year. Meanwhile, 95% of the applicants receive the Student Grant and 86% are awarded the Institution Grant, while 29% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,719, and the same stands at $2,553 for State Grant awardees and $14,095 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,687. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $19,853 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $20,354 and $16,736, respectively. On the other hand, the average federal aid stands at $17,764 for those with an annual family income between $75,001 and $110,000, and at $14,296 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. At LTU, an estimated number of 68% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

28%

State Grant Aid

46%

Institution Grant Aid

89%

Pell Grant

28%

Average Aid Awarded

Federal Grant Aid

$4,849

State Grant Aid

$2,063

Institution Grant Aid

$14,264

Pell Grant

$4,615

The given table shows that the institutional grant aid percentage is 89% which is more than the Pell Grant percentage which is only 28 % only with an average aid institutional grant of $14264 and $ 4615 of Pell Grant average aid.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,413

$30,001 - $48,000

$17,136

$48,001 - $75,000

$17,023

$75,001 - $110,000

$15,095

Over $110,000

$14,304

As can be viewed from the table, the students whose family income is below $30,000 would be getting an aid of $17413 and the students whose family income more than $110,000 will fetch an aid of $14304 which shows that the university takes care of the different family income group levels.

Other Colleges In Michigan

Northern Michigan University (NMU)

Marquette, Michigan 4 years Public

Hope College

Hope College which is a private, Reformed Church in America university, is located in Holland, MI. Hope College occupies a total area of about 125 acres. In 1866, Hope College was founded. The motto of the Hope College is Spera in Deo (Latin) and its official colors are orange and blue. At Hope C

Holland, Michigan 4 years Private Not-For-Profit

Wayne State University

Online Education at WSU

The university provides one of the best online courses to the those who can't go to the campus to earn their degree. It offers the convenience and flexibility of taking up the classes from anywhere.