$4,864

Avg. Federal Grant

$5,096

Avg. Federal Loan

$98,283,755

Total Aid Awarded

Lehigh University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$98.284M

Financial Aid Official Website

www.lehigh.edu/financialaid

Such schemes include Baker Gifted Arts Scholarship in Instrumental Music, Baker Gifted Arts Scholarship in Theatre, Dean's Scholarship, and Joseph P. Gavenonis Scholarship. Notably, 69% of the students at Lehigh University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $11,281,572. For additional information about financial assistance schemes, one can head over to LU’s financial aid page at http://www.lehigh.edu/financialaid. The total percentage of candidates applying to Lehigh University who receive the Federal Grant is 18%. In comparison, 51% of the students are awarded the Student Grant, 50% get the Institution Grant, and 18% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,466, and the same stands at $3,280 for State Grant awardees and $40,267 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,094. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $49,297 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $49,573, while those falling in the $48,001-$75,000 income category get $45,946 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $36,928. And, for those with a family income of more than $110,000, the amount stands at $11,810. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 42% of the applicants to Lehigh University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

8%

Institution Grant Aid

49%

Pell Grant

16%

Average Aid Awarded

Federal Grant Aid

$4,864

State Grant Aid

$3,417

Institution Grant Aid

$37,543

Pell Grant

$4,864

The breakdown includes Federal Grants, Pell Grants, state grants and institutional grants, with institutional grants having the highest percentage contribution of 49% with an average aid amount being $37,543.

Pell grants have a percentage of 16% with an average aid amount of $4,864 which is higher than the state grant aid average of $3,417.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$52,817

$30,001 - $48,000

$51,562

$48,001 - $75,000

$45,896

$75,001 - $110,000

$40,948

Over $110,000

$19,623

Lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $52,817 while those with family income over $110,000 can expect to receive an aid amount of $19,623. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Lehigh University

Average Loan Amount Average Loan Amount received per year.

$8,852/Year

Students Taking Out Loans

43%

Loan Default Rate

1.4%

The student loan is a type of financial aid which has to be paid back in a stipulated period. Around 43% of the students of Lehigh University are taking students loan with an average amount of $8,852. The loan default rate is 1.4%.

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