OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Lenoir–Rhyne University (LRU) Financial Aid and Scholarships 2022

Located in Hickory, North Carolina, Lenoir-Rhyne University is a private, Evangelical Lutheran Church university. Lenoir-Rhyne University is home to an ethnically diverse student body. At LRU around 66% are white, 10% are Black or African American, and 8% belong to Hispanic ethnicity. Further, around 95% of the students are 24 and under. When it comes to gender distribution at the varsity, around 59% of the students are females and 41% are males. Perry Fewell, Rick Barnes, David W. Hoyle, and

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.

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