$4,426

Avg. Federal Grant

$5,522

Avg. Federal Loan

$20,626,091

Total Aid Awarded

Longwood University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

54%

Total Aid Amount Average Total Aid Awarded per year.

$20.626M

Financial Aid Official Website

www.longwood.edu/financialaid/

Students can avail of scholarships provided by the university, such as Merit-Based Scholarships, if they find educational expenses to be on the higher side. Notably, 90% of the students at Longwood University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $15,147,008. The total percentage of candidates applying to Longwood University who receive the Federal Grant is 31%. Meanwhile, 83% of the applicants receive the Student Grant and 69% are awarded the Institution Grant, while 31% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,491, while the same comes to $4,140 for State Grant receivers and $4,573 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,447. 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. 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. At Longwood University, the percentage of candidates who opt to avail of student loans is around 61%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

37%

Institution Grant Aid

59%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$4,426

State Grant Aid

$5,304

Institution Grant Aid

$4,201

Pell Grant

$4,336

The financial aid includes Federal Grants, Pell Grants, State grants and Institutional grants, with State grants having the highest contribution of 37% with an average aid amount being $5,304.

Pell grants have a percentage of 32% with an average aid amount of $4,336 which is lower than the State grant aid average of $5,304.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,674

$30,001 - $48,000

$11,134

$48,001 - $75,000

$8,808

$75,001 - $110,000

$4,447

Over $110,000

$2,191

For the Federal-aid based on family income, the lower the family income the higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $12,674 while those with family income over $1,10,000 can expect to receive an aid amount of $2,191.This helps students who are coming from low-income homes to pay for their degree.

 

Student Loans for Longwood University

Average Loan Amount Average Loan Amount received per year.

$7,177/Year

Students Taking Out Loans

64%

Loan Default Rate

4.2%