$4,853

Avg. Federal Grant

$5,354

Avg. Federal Loan

$116,965,832

Total Aid Awarded

University of Louisville Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$116.966M

Financial Aid Official Website

https://vhost.louisville.edu/student/services/fin-aid/devfinaid/index.php

At the University of Lousiville, most financial aid awards disburse to your student account beginning with the start of each semester or upon gaining eligibility during your semester of enrolment.

Disbursement of awards is based on compliance with all eligibility requirements including your enrolment and satisfactory academic progress. Most awards are based on full-time enrolment. If attending part-time, you must complete an enrolment adjustment form prior to the start of classes for your aid to disburse at the beginning of the term. When part-time, your aid eligibility will be reassessed and your award will be adjusted accordingly.

University of Louisville's standard aid deal for brand spanking new freshmen is $16,587. About 94.0% of latest students obtain financial help, most of which is within the sort of scholarships and grants.

61.0% of first-year students (1,682 total) were given scholarships at the University of Louisville, averaging $9,243 apiece. This puts it in the top 40th percentile of all schools in the nation. As well as scholarships, 30.0% of freshmen (825 total) received federal grant aid, averaging $4,549 a person. The UofL financial aid comes in a different form.

Scholarships awarded at UofL are as follows:

Before applying for financial aid, all applicants must file the FAFSA form.

  • UofL Admission Based Scholarships: The University of Louisville awards both guaranteed and competitive scholarships to incoming first-time freshmen. The scholarship deadline for first-time freshmen entering in the Fall is December 15.
  • Student Financial Aid Office Scholarship Opportunities: Students pursuing a degree at the University of Louisville may be eligible for a number of other scholarships managed by the Student Financial Aid Office.
  • State-Supported Programs: Kentucky-supported program information, including specifics pertaining to the Kentucky Educational Excellence Scholarship (KEES), is available on the Student Financial Aid Office’s state aid webpage.
  • Kentucky Revised Statute (KRS) Tuition Waivers: The University of Louisville provides tuition waiver benefits to students qualified under the provisions of applicable Kentucky Revised Statutes such as those associated with specified categories of foster and adopted children, supervising and resource teachers, senior citizens, and dependents of veteran, police, firefighters, and state employees.
  • Metropolitan College Program: Through a partnership with UPS, the Metropolitan College Program offers employment and education benefit opportunities to qualified students
  • Military and Veteran Resources: The UofL Office of Military and Veteran Services serves as a dedicated resource to connect military and veteran students and their families to associated benefits. Information about Kentucky state-mandated tuition waivers for dependents of veterans can be found on the Student Financial Aid Office’s state aid webpage.

For more information on academic scholarships, visit our blog here.

 

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

77%

Institution Grant Aid

69%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,853

State Grant Aid

$2,561

Institution Grant Aid

$8,476

Pell Grant

$4,578

As shown in the table the breakdown includes federal grants, pell grants, state grants and institutional grants.

State grants have the highest percentage contribution of 77% with an average aid amount being $2,561. Pell grants and federal grants have a percentage of 22% with an average aid amount of $4,578 and $4,853. Institutional Grant Average aid would be $8,476 with 69% of candidates receiving aid.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,789

$30,001 - $48,000

$12,448

$48,001 - $75,000

$8,641

$75,001 - $110,000

$5,218

Over $110,000

$4,760

The average federal aid in the University of Louisville is calculated according to the family income of the student. 

Depending on the financial aid available to the family or the student, the income bracket may either pay more or less than the overall average costs. Incomes between $0-30,000 receive the aid of about $13,789.

A slight change is observed with the change in range; income between $30,001-48,000 receives $12,448. For incomes ranging between $48,001-75,000 the aid provided is $8,641. When the income range increases the aid amount decreases. $110,000 and higher receive an aid amount of $4,760.

Student Loans for University of Louisville

Average Loan Amount Average Loan Amount received per year.

$6,621/Year

Students Taking Out Loans

48%

Loan Default Rate

6.4%

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