Among them are scholarship programs such as Dr. Allen Smith Memorial Scholarship, Educational Assistance Commitment Grant, James R. Hunt Memorial Scholarship, and Larry and Doris Clark Scholarship. Notably, 99% of the students at Lourdes University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,239,516. For additional information about financial assistance schemes, one can head over to LU’s financial aid page at http://www.lourdes.edu/costs-financial-aid. The total percentage of candidates applying to Lourdes University who receive the Federal Grant is 47%. Meanwhile, 99% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 47% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,914, and the same stands at $3,028 for State Grant awardees and $12,251 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,785. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $18,055 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $17,536, while those falling in the $48,001-$75,000 income category get $14,636 a year. On the other hand, the average federal aid stands at $11,799 for those with an annual family income between $75,001 and $110,000, and at $10,522 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 LU, an estimated number of 79% of the applicants choose to go for student loans.