Lehigh University Financial Aid and Scholarships
Students Receiving Aid
50%
Total Aid Amount
$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.
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