Lyon College Financial Aid and Scholarships
Students Receiving Aid
99%
Total Aid Amount
$14.037M
Financial Aid Official Website
https://www.lyon.edu/financial-aid
It is interesting to note that almost every student at LC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $2,492,443. One can visit LC's financial aid page at https://www.lyon.edu/financial-aid for more information. At LC, the total percentage of applicants who receive the Federal Grant stands at 45%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 44% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,349, the State Grant receivers and Institution Grant beneficiaries get $1,913 and $19,422, respectively. And, for the Pell Grant awardees, the average aid amount is $4,777. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $21,207 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $21,866, while those falling in the $48,001-$75,000 income category get $16,639 a year. On the other hand, the average federal aid stands at $17,362 for those with an annual family income between $75,001 and $110,000, and at $15,615 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Lyon College, the percentage of candidates who opt to avail of student loans is around 75%.
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