$4,671

Avg. Federal Grant

$5,577

Avg. Federal Loan

$45,932,803

Total Aid Awarded

University of Lynchburg (Lynchburg College) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$45.933M

Financial Aid Official Website

www.lynchburg.edu/admission/financial-aid

Such schemes include Academic Merit Award, International Student Award, LC Grant, and Transfer Merit Award. It is interesting to note that almost every student at UL receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $9,648,967. The total percentage of candidates applying to University of Lynchburg who receive the Federal Grant is 33%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 33% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,652, and the same stands at $3,162 for State Grant awardees and $24,014 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,666. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At UL, an estimated number of 78% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

69%

Institution Grant Aid

100%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,671

State Grant Aid

$3,140

Institution Grant Aid

$22,244

Pell Grant

$4,425

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$31,085

$30,001 - $48,000

$30,256

$48,001 - $75,000

$28,065

$75,001 - $110,000

$24,775

Over $110,000

$23,260

Student Loans for University of Lynchburg (Lynchburg College)

Average Loan Amount Average Loan Amount received per year.

$8,044/Year

Students Taking Out Loans

68%

Loan Default Rate

5.7%

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