Lawrence Technological University Financial Aid and Scholarships
Students Receiving Aid
71%
Total Aid Amount
$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.
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