$4,965

Avg. Federal Grant

$5,467

Avg. Federal Loan

$92,193,094

Total Aid Awarded

University of Louisiana at Lafayette (UL) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$92.193M

Financial Aid Official Website

financialaid.louisiana.edu

Such schemes include Academic Excellence Scholarship, Academic Scholarship, Band Stipend, and Centennial Scholarship. It is interesting to note that, every year, around 96% of students at ULL receive some kind of financial aid, while the total amount of assistance/loans provided is $43,385,747. At ULL, the total percentage of applicants who receive the Federal Grant stands at 38%. Meanwhile, 92% of the applicants receive the Student Grant and 57% are awarded the Institution Grant, while 38% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,129, while the same comes to $5,259 for State Grant receivers and $5,049 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,628. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At ULL, an estimated number of 51% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

82%

Institution Grant Aid

59%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,965

State Grant Aid

$5,264

Institution Grant Aid

$4,542

Pell Grant

$4,796

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,044

$30,001 - $48,000

$11,462

$48,001 - $75,000

$8,500

$75,001 - $110,000

$6,421

Over $110,000

$6,236

Student Loans for University of Louisiana at Lafayette (UL)

Average Loan Amount Average Loan Amount received per year.

$6,109/Year

Students Taking Out Loans

49%

Loan Default Rate

7.5%

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