$4,822

Avg. Federal Grant

$5,276

Avg. Federal Loan

$59,790,439

Total Aid Awarded

Lewis University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

85%

Total Aid Amount Average Total Aid Awarded per year.

$59.790M

Financial Aid Official Website

www.lewisu.edu/admissions/finaid/index.htm

At Lewis University students receive a private education at Lewis University for less than the cost of a state or public university. As part of the Catholic and Lasallian Mission, Lewis University provides values-based education for qualified students. Students who wish to use Lewis University financial aid must complete a Free Application for Federal Student Aid (FAFSA).

The university tends to bring in the best students and in order to make the educational cost structure more affordable, it provides financial aid to the students who require them. You can also receive supplemental funding in addition to the scholarships and grants.

The main requirement for financial aid is to fill the FAFSA form and the Lewis University FAFSA code is 001707.

Lewis University has provided aid to 85% of the students and the total aid amount received by the student is $59,790,439.

Types of financial aid provided by Lewis University:

Grants

Unlike student loans, grants typically do not have to be repaid. It is simply money that financially needy students may qualify for to help pay for educational expenses. This is a great type of financial assistance.

Federal Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.

Federal SEOG

The Federal Supplemental Educational Opportunity Grant is designed to provide additional assistance to students. To be eligible, a student must complete the FAFSA, have the lowest EFC possible, and be enrolled full time. Funding for the SEOG grant is limited, so apply as soon as possible.

Illinois Monetary Award Program (MAP Grant)

A need-based state grant to students who are residents of Illinois. Yearly awards received by the students range between $450 to $4,720. 

Federal Work-Study Program

This program offers on-campus or off-campus community service work programs partially funded by the federal government. Awards are made based on a student's financial need as determined by the FAFSA. Work-study jobs are coordinated through the Office of Financial Aid Services. We currently have over 500 students employed through Work Study.

Veteran Benefits

Lewis University is proud to be a partner in the Yellow Ribbon GI Education Enhancement Program, which allows qualified Post-9/11 veterans to enroll in more than one hundred approved education programs at Lewis University.

Types of Veteran aid available are:

  • Montgomery GI Bill - Active Duty (Chapter 30)

  • Vocational Rehabilitation - Veterans with Disabilities (Chapter 31)

  • Post - 9/11 GI Bill (Available August 1, 2009) (Chapter 33)

  • Survivors and Dependents Educational Assistance Program (Chapter 35)

  • Montgomery GI Bill - Selected Reserve (Chapter 1606)

  • Reserve Educational Assistance Program (Chapter 1607)

Explore more about the Lewis University Financial Aid.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

37%

Institution Grant Aid

99%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,822

State Grant Aid

$4,883

Institution Grant Aid

$17,500

Pell Grant

$4,601

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants, with institutional grants having the highest contribution of 99% with an average aid amount being $17,500.

Pell grants have a percentage of 33% with an average aid amount of $4,822 which is lower than the State grant aid average of $4,883.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,656

$30,001 - $48,000

$26,196

$48,001 - $75,000

$24,057

$75,001 - $110,000

$18,570

Over $110,000

$16,800

Down below, we have provided an in-depth breakdown of the Federal Aid based on Family Income. Students whose family income is below $30,000 or falls in between $30,000 and $48,000 may avail an average aid amount of $26,656 and $26,196 respectively. 

$24,057 is offered to students whose family income lies between $48,001 and $75,000. Higher-income groups receive a substantially lesser amount. Families whose earnings lie between $75,001 and $110,000 receive a lower amount of $18,570. Those who earn more than $110,000 receive a noticeably smaller amount of $16,800.

Student Loans for Lewis University

Average Loan Amount Average Loan Amount received per year.

$7,932/Year

Students Taking Out Loans

68%

Loan Default Rate

3%

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