$4,708

Avg. Federal Grant

$5,830

Avg. Federal Loan

$3,455,923

Total Aid Awarded

Life Pacific College (LPC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

77%

Total Aid Amount Average Total Aid Awarded per year.

$3.456M

Financial Aid Official Website

www.lifepacific.edu/cost-aid

Notably, 94% of the students at Life Pacific University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,519,776. One can visit LPU's financial aid page at http://www.lifepacific.edu/cost-aid for more information. At LPU, the total percentage of applicants who receive the Federal Grant stands at 54%. In comparison, 89% of the students are awarded the Student Grant, 68% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,478, while the same comes to $6,100 for State Grant receivers and $4,757 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,370. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $8,381 on average in a year. The average aid amount stands at $6,503 for an annual family income between $30,001 and $48,000. This amount comes to $6,061 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $3,568, while candidates with more than $110,000 of family income receive an average federal aid of $531. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 71% of the applicants to Life Pacific University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

32%

Institution Grant Aid

46%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$4,708

State Grant Aid

$6,497

Institution Grant Aid

$3,475

Pell Grant

$4,628

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,316

$30,001 - $48,000

$8,919

$48,001 - $75,000

$4,076

$75,001 - $110,000

$6,763

Over $110,000

$1,542

Student Loans for Life Pacific College (LPC)

Average Loan Amount Average Loan Amount received per year.

$6,280/Year

Students Taking Out Loans

82%

Loan Default Rate

7.1%

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