Louisiana Tech University Financial Aid and Scholarships
Students Receiving Aid
88%
Total Aid Amount
$78.984M
Financial Aid Official Website
https://www.latech.edu/current-students/financial-aid/
It is interesting to note that, every year, around 98% of students at LTU receive some kind of financial aid, while the total amount of assistance/loans provided is $22,298,992. For additional information about financial assistance schemes, one can head over to LTU’s financial aid page at https://www.latech.edu/current-students/financial-aid/. The total percentage of candidates applying to Louisiana Tech University who receive the Federal Grant is 31%. Meanwhile, 96% of the applicants receive the Student Grant and 81% are awarded the Institution Grant, while 31% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,598, and the same stands at $5,612 for State Grant awardees and $5,897 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,604. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At LTU, an estimated number of 44% of the applicants choose to go for student loans.
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