Avg. Federal Grant
Avg. Federal Loan
Total Aid Awarded
Students Receiving Aid
Percent of Students Receiving Financial Aid.
Total Aid Amount
Average Total Aid Awarded per year.
Financial Aid Official Website
It is interesting to note that, every year, around 98% of students at LTU receive some kind of financial aid, while the total amount of assistance/loans provided is $22,298,992. For additional information about financial assistance schemes, one can head over to LTU’s financial aid page at https://www.latech.edu/current-students/financial-aid/. The total percentage of candidates applying to Louisiana Tech University who receive the Federal Grant is 31%. Meanwhile, 96% of the applicants receive the Student Grant and 81% are awarded the Institution Grant, while 31% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,598, and the same stands at $5,612 for State Grant awardees and $5,897 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,604. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At LTU, an estimated number of 44% of the applicants choose to go for student loans.
Student Receiving Aid
Federal Grant Aid
State Grant Aid
Institution Grant Aid
Average Aid Awarded
Louisiana Tech University’s financial aid includes a range of grants and scholarships as explained above, with state and institutional grants having the highest contribution percentage of 79%; the average aid amount is $5,518 and $5,821, respectively.
When it comes to federal grants as well as Pell Grants, 31% of the students who qualify for it receive an average amount of $4,785 and $4,643, respectively.
Average Federal Aid Per Year
$30,001 - $48,000
$48,001 - $75,000
$75,001 - $110,000
As per the data from Louisiana Tech University’s financial aid office, the lower the family income is, the higher the amount of financial aid one can expect to receive. This ensures that the bulk of the money is flowing towards those who need it the most. The following aid amounts are offered to their respective income groups:
For students whose family income falls under $30,000 can expect to receive an aid amount of $12,599.
Around $12,532 is offered to families within the $30,001 to $48,000 income bracket.
$9,796 and $7,656 is offered to families who earn between $48,001 to $75,000 and $75,001 to $110,000, respectively.
Those with a family income of over $110,000 can expect to receive an aid amount of $7,176.
Average Loan Amount
Average Loan Amount received per year.
Students Taking Out Loans
Loan Default Rate
New Orleans, Louisiana
Baton Rouge, Louisiana
Greenville, North Carolina