$5,777

Avg. Federal Grant

$5,342

Avg. Federal Loan

$51,767,349

Total Aid Awarded

Lewis & Clark College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$51.767M

Financial Aid Official Website

https://www.lclark.edu/offices/financial_aid/

Notably, 95% of the students at Lewis & Clark College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,238,817. More information regarding the financial assistance schemes can be accessed on LCC’s official financial aid page at https://www.lclark.edu/offices/financial_aid/. At LCC, the total percentage of applicants who receive the Federal Grant stands at 22%. On the other hand, 94% of the candidates get the Student Grant, 94% receive the Institution Grant, and 22% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,847, the State Grant receivers and Institution Grant beneficiaries get $3,200 and $28,857, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,701. 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 $42,679 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $42,635, while those falling in the $48,001-$75,000 income category get $36,231 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $27,478. And, for those with a family income of more than $110,000, the amount stands at $18,359. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At LCC, an estimated number of 80% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

20%

State Grant Aid

3%

Institution Grant Aid

90%

Pell Grant

20%

Average Aid Awarded

Federal Grant Aid

$5,777

State Grant Aid

$2,250

Institution Grant Aid

$27,126

Pell Grant

$4,777

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$45,021

$30,001 - $48,000

$43,801

$48,001 - $75,000

$36,102

$75,001 - $110,000

$29,123

Over $110,000

$19,569

Student Loans for Lewis & Clark College

Average Loan Amount Average Loan Amount received per year.

$6,343/Year

Students Taking Out Loans

79%

Loan Default Rate

1.1%