Liberty University Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

$5,023

Avg. Federal Grant

$5,592

Avg. Federal Loan

$285,901,733

Total Aid Awarded

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Liberty University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$285.902M

Financial Aid Official Website

www.liberty.edu/financialaid

These monetary benefits enable students to pay for their education without even having to repay back if it is in the form of scholarships and grants. Also, remember that you have a work-study program where a student will be involved in part-time work to pay for his tuition.

Planning on how to pay for college can be challenging. We’re here to help guide you through the financial aid process and provide assistance with your student account. Don’t stress about student finances, you’ll have enough to do, like hanging out with friends and studying for your classes.

Here are the few types of financial assistance that you could expect from Liberty university when enrolled.

Scholarships

Scholarships are one of the most important types of monetary benefits provided to those who demonstrate exceptional academic performance. A candidate is not required to pay back the scholarship amount that he/she receives.

There are numerous scholarships available to you based on the degree you choose which are given below.

Undergraduate Resident Scholarships

Are you a UG student and a resident of the USA? Here’s what you get from the LU to pay off your tuition and other expenses.

Book Dollars
Canadian Student Initiative
Central Virginia Community College (CVCC)
Champion Award
Graduated yearly award
Children of Fallen Heroes
Liberty Academic Scholarship.

There are more scholarships available which can be found here

Resident Graduate Scholarships

Graduate candidates are eligible to receive the following scholarships.

Heroes Fund Scholarship
Keesee Scholarship
Virginia: Brown v. Board of Education Scholarship

Liberty University Online (LUO) Scholarships

Canadian Student Discount
Children of Fallen Heroes
First Responder Discount
Heroes Fund Scholarship

Grants

Grants are a form of financial aid that you do not need to repay. Many grants are based on financial need, and some also take into consideration academic performance, academic degree program, and/or residence status.

Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal TEACH Grant
Iraq & Afghanistan Service Grant
Liberty Supplemental Grant
Liberty Scholars Grant Program (Undergraduate)
Virginia Tuition Assistance Grant (VTAG)
Virginia Two Year College Transfer Grant
Virginia: Brown v. Board of Education

Know more about the grants that you would be eligible for in the LU’s official website

Student Loans

All federal loans at LU are processed through the William D. Ford Federal Direct Lending Program. Student loans are a bit different from grants and scholarships. You are bound to repay back the borrowed amount with a certain rate of interest.

PLUS Loans

Federal PLUS Loan applications for the 2019-2020 academic year are now available from the U.S. Department of Education at their official website.

Canadian Student Loan

Canadian students who are considering attending Liberty University can review Canadian Student Loan options. These loans are processed through the Canadian government and do have eligibility and application requirements.

Loans for International Students

The total number of students receiving aid is around 84% of applicants who get into LU. And, the total amount of aid provided is over $285901733.

In addition to the financial support in the form of scholarships, grants, or work-study, one can also opt for student loans.

For any further information or financial aid process, a student can visit the official website.

As this process starts with FAFSA, a candidate must first fill in the form and submit it before the deadline to determine their eligibility.

Explore College Scholarships

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

22%

Institution Grant Aid

86%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$5,023

State Grant Aid

$3,177

Institution Grant Aid

$9,025

Pell Grant

$4,715

It is clear that you receive your funds in the form of scholarships, grants, and loans. But the real question is how and where do you get it from? The following information will help you get the answer to that confusion.

Total applicants receiving federal grant aid are around 31% which amounts to $5,023.
State grants and Institutional grants amount to $3,177 and $9,025 respectively. The total percentage of students receiving aid is 22% and 86%.

Subsidy the US federal government provides to help students pay for their education - Pell Grants amounts to $4,715.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,506

$30,001 - $48,000

$13,716

$48,001 - $75,000

$11,204

$75,001 - $110,000

$9,195

Over $110,000

$7,822

So here is the total financial assistance that you’ll be eligible for based on your family’s income. The family income under $30,000 per annum would get around $11,506 as financial aid. In the same way those with $30,001 - $48,000 and $48,001 to $75,000 would get $13,716 and $11,204 respectively. While those who hold the income level of $75,001 - $110,000 and $110,000+ would receive $9,195 and $7,822.

Student Loans for Liberty University

Average Loan Amount Average Loan Amount received per year.

$8,133/Year

Students Taking Out Loans

59%

Loan Default Rate

Explore Tuition & Cost Breakdown Explore Best Student Loans

Student loans are a form of monetary benefits that a student receives from various financial institutions to pay for their education with a condition of repaying the amount in a given period of time and with a certain rate of interest.

What is the total loan amount that I’ll be receiving?

The average loan amount that an applicant receives for enrolling in a LU is $8,133 where the total number of students taking loan stands at 59%.

So, the percentage of all outstanding loans that a lender has written off after a prolonged period of missed payment is 9%.

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