$5,209

Avg. Federal Grant

$5,574

Avg. Federal Loan

$38,483,260

Total Aid Awarded

Lenoir–Rhyne University (LRU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$38.483M

Financial Aid Official Website

www.lr.edu/admission/undergraduate/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 $7,592,464. At LRU, the total percentage of applicants who receive the Federal Grant stands at 48%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 48% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,906, while the same comes to $5,056 for State Grant receivers and $25,735 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,629. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. At LRU, an estimated number of 67% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

60%

Institution Grant Aid

100%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$5,209

State Grant Aid

$5,233

Institution Grant Aid

$24,580

Pell Grant

$4,878

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$31,993

$30,001 - $48,000

$29,137

$48,001 - $75,000

$28,726

$75,001 - $110,000

$27,135

Over $110,000

$26,166

Student Loans for Lenoir–Rhyne University (LRU)

Average Loan Amount Average Loan Amount received per year.

$6,153/Year

Students Taking Out Loans

72%

Loan Default Rate

5.5%

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