$4,344

Avg. Federal Grant

$6,062

Avg. Federal Loan

$2,729,308

Total Aid Awarded

Lincoln Christian University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$2.729M

Financial Aid Official Website

www.lincolnchristian.edu/enrollment/financial-aid/

It is interesting to note that, every year, around 97% of students at LCU receive some kind of financial aid, while the total amount of assistance/loans provided is $1,431,770. One can visit LCU's financial aid page at http://www.lincolnchristian.edu/enrollment/financial-aid/ for more information. The total percentage of candidates applying to Lincoln Christian University who receive the Federal Grant is 47%. Meanwhile, 97% of the applicants receive the Student Grant and 97% are awarded the Institution Grant, while 47% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,553, while the same comes to $4,385 for State Grant receivers and $4,129 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,079. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $9,971 in a year. The average aid amount stands at $9,577 for an annual family income between $30,001 and $48,000. This amount comes to $7,599 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $6,192. And, for those with a family income of more than $110,000, the amount stands at $5,087. 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. Every year, around 77% of the applicants to Lincoln Christian University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

28%

Institution Grant Aid

95%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,344

State Grant Aid

$4,441

Institution Grant Aid

$3,785

Pell Grant

$4,219

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,482

$30,001 - $48,000

$10,752

$48,001 - $75,000

$8,751

$75,001 - $110,000

$3,690

Over $110,000

$4,143

Student Loans for Lincoln Christian University

Average Loan Amount Average Loan Amount received per year.

$6,841/Year

Students Taking Out Loans

72%

Loan Default Rate

9.5%

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