Lander University Financial Aid and Scholarships
Students Receiving Aid
83%
Total Aid Amount
$21.730M
Financial Aid Official Website
www.lander.edu/sites/financial-aid-office
Interestingly, almost all of the students at LU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $12,187,274 in a year. For additional information about financial assistance schemes, one can head over to LU’s financial aid page at http://www.lander.edu/sites/financial-aid-office. At LU, the total percentage of applicants who receive the Federal Grant stands at 51%. In comparison, 98% of the students are awarded the Student Grant, 70% get the Institution Grant, and 51% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,215, and the same stands at $4,508 for State Grant awardees and $6,809 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,966. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 70% of the applicants to Lander University opt for student loans.