$5,313

Avg. Federal Grant

$6,097

Avg. Federal Loan

$40,532,258

Total Aid Awarded

Lawrence University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$40.532M

Financial Aid Official Website

www.lawrence.edu/info/offices/financial-aid

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,551,011. The total percentage of candidates applying to Lawrence University who receive the Federal Grant is 25%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 25% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,744, and the same stands at $3,335 for State Grant awardees and $32,111 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,754. 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. 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 56% of the applicants to Lawrence University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

28%

State Grant Aid

13%

Institution Grant Aid

99%

Pell Grant

28%

Average Aid Awarded

Federal Grant Aid

$5,313

State Grant Aid

$3,251

Institution Grant Aid

$29,121

Pell Grant

$4,581

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$44,024

$30,001 - $48,000

$37,646

$48,001 - $75,000

$37,548

$75,001 - $110,000

$33,092

Over $110,000

$26,217

Student Loans for Lawrence University

Average Loan Amount Average Loan Amount received per year.

$6,668/Year

Students Taking Out Loans

66%

Loan Default Rate

1%

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