$5,409

Avg. Federal Grant

$5,485

Avg. Federal Loan

$64,706,056

Total Aid Awarded

Pacific Lutheran University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$64.706M

Financial Aid Official Website

www.plu.edu/financial-aid/

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $15,561,534. The total percentage of candidates applying to Pacific Lutheran University who receive the Federal Grant is 35%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 35% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,214, while the same comes to $9,218 for State Grant receivers and $25,716 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,587. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Pacific Lutheran University, the percentage of candidates who opt to avail of student loans is around 58%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

35%

Institution Grant Aid

98%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$5,409

State Grant Aid

$8,360

Institution Grant Aid

$24,816

Pell Grant

$4,471

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$35,963

$30,001 - $48,000

$35,598

$48,001 - $75,000

$32,507

$75,001 - $110,000

$26,696

Over $110,000

$20,003

Student Loans for Pacific Lutheran University

Average Loan Amount Average Loan Amount received per year.

$7,248/Year

Students Taking Out Loans

57%

Loan Default Rate

3.4%

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