Life University Financial Aid and Scholarships
Students Receiving Aid
79%
Total Aid Amount
$4.575M
Financial Aid Official Website
www.life.edu/admissions-pages/financial-aid/
It is interesting to note that, every year, around 95% of students at LU receive some kind of financial aid, while the total amount of assistance/loans provided is $4,963,000. For additional information about financial assistance schemes, one can head over to LU’s financial aid page at http://www.life.edu/admissions-pages/financial-aid/. Notably, a total of 46% of the applicants to Life University receive the Federal Grant every year. On the other hand, 91% of the candidates get the Student Grant, 70% receive the Institution Grant, and 46% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,649, the State Grant receivers and Institution Grant beneficiaries get $2,787 and $5,643, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,022. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $8,590 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $10,005 and $8,143, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $5,983. And, for those with a family income of more than $110,000, the amount stands at $3,114. 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. At Life University, the percentage of candidates who opt to avail of student loans is around 60%.
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