$4,785

Avg. Federal Grant

$5,282

Avg. Federal Loan

$78,984,496

Total Aid Awarded

Louisiana Tech University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$78.984M

Financial Aid Official Website

https://www.latech.edu/current-students/financial-aid/

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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

79%

Institution Grant Aid

79%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,785

State Grant Aid

$5,518

Institution Grant Aid

$5,821

Pell Grant

$4,643

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.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,599

$30,001 - $48,000

$12,532

$48,001 - $75,000

$9,796

$75,001 - $110,000

$7,656

Over $110,000

$7,176

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.

Student Loans for Louisiana Tech University

Average Loan Amount Average Loan Amount received per year.

$5,633/Year

Students Taking Out Loans

44%

Loan Default Rate

6.5%

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