$5,110

Avg. Federal Grant

$6,323

Avg. Federal Loan

$9,699,741

Total Aid Awarded

Lincoln University Of Missouri Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$9.700M

Financial Aid Official Website

https://www.lincolnu.edu/web/financial-aid/financial-aid

It is interesting to note that, every year, around 97% of students at LU receive some kind of financial aid, while the total amount of assistance/loans provided is $8,176,601. Notably, a total of 78% of the applicants to Lincoln University receive the Federal Grant every year. On the other hand, 94% of the candidates get the Student Grant, 49% receive the Institution Grant, and 78% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,163, and the same stands at $1,788 for State Grant awardees and $5,045 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,074. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At LU, an estimated number of 87% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

75%

State Grant Aid

17%

Institution Grant Aid

61%

Pell Grant

75%

Average Aid Awarded

Federal Grant Aid

$5,110

State Grant Aid

$1,788

Institution Grant Aid

$6,206

Pell Grant

$4,975

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,904

$30,001 - $48,000

$6,275

$48,001 - $75,000

$3,759

$75,001 - $110,000

$2,669

Over $110,000

$5,658

Student Loans for Lincoln University Of Missouri

Average Loan Amount Average Loan Amount received per year.

$6,389/Year

Students Taking Out Loans

82%

Loan Default Rate

25.2%

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