$5,169

Avg. Federal Grant

$6,168

Avg. Federal Loan

$37,228,931

Total Aid Awarded

Lycoming College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$37.229M

Financial Aid Official Website

www.lycoming.edu/financialAid/

Such schemes include Art Scholarship, Community Service Scholarship, Creative Writing Scholarship, and Dean's Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,276,771. The total percentage of candidates applying to Lycoming College who receive the Federal Grant is 50%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 50% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,267, while the same comes to $3,919 for State Grant receivers and $31,455 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,763. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Lycoming College, the percentage of candidates who opt to avail of student loans is around 78%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

32%

Institution Grant Aid

100%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$5,169

State Grant Aid

$3,728

Institution Grant Aid

$29,547

Pell Grant

$4,791

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$38,881

$30,001 - $48,000

$38,629

$48,001 - $75,000

$35,065

$75,001 - $110,000

$29,190

Over $110,000

$25,704

Student Loans for Lycoming College

Average Loan Amount Average Loan Amount received per year.

$8,637/Year

Students Taking Out Loans

80%

Loan Default Rate

5.5%

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