Le Moyne College Financial Aid and Scholarships
Students Receiving Aid
88%
Total Aid Amount
$54.634M
Financial Aid Official Website
www.lemoyne.edu/Apply/Financial-Aid
Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,469,751. More information regarding the financial assistance schemes can be accessed on LMC’s official financial aid page at http://www.lemoyne.edu/Apply/Financial-Aid. The total percentage of candidates applying to Le Moyne College who receive the Federal Grant is 36%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 35% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,438, while the same comes to $3,006 for State Grant receivers and $22,218 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,603. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $29,295 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $28,049, while those falling in the $48,001-$75,000 income category get $23,267 a year. On the other hand, the average federal aid stands at $21,952 for those with an annual family income between $75,001 and $110,000, and at $18,999 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Le Moyne College, the percentage of candidates who opt to avail of student loans is around 75%.
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