$4,955

Avg. Federal Grant

$5,541

Avg. Federal Loan

$9,767,036

Total Aid Awarded

Louisiana College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$9.767M

Financial Aid Official Website

www.lacollege.edu/students/financial-aid/

Notably, 96% of the students at Louisiana College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,858,396. More information regarding the financial assistance schemes can be accessed on LC’s official financial aid page at http://www.lacollege.edu/students/financial-aid/. At LC, the total percentage of applicants who receive the Federal Grant stands at 56%. In comparison, 96% of the students are awarded the Student Grant, 95% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,024, while the same comes to $4,677 for State Grant receivers and $7,456 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,843. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $11,016 on average in a year. The average aid amount stands at $10,978 for an annual family income between $30,001 and $48,000. This amount comes to $9,233 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 $6,604. And, for those with a family income of more than $110,000, the amount stands at $7,178. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 63% of the applicants to Louisiana College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

68%

Institution Grant Aid

94%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$4,955

State Grant Aid

$4,494

Institution Grant Aid

$6,876

Pell Grant

$4,791

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,401

$30,001 - $48,000

$14,505

$48,001 - $75,000

$11,625

$75,001 - $110,000

$10,228

Over $110,000

$12,084

Student Loans for Louisiana College

Average Loan Amount Average Loan Amount received per year.

$5,794/Year

Students Taking Out Loans

69%

Loan Default Rate

16.1%

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