by our College Data Analytics TeamThe total cost of attendance at Lawrence Technological University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Interested in understanding the financial aid resources available at Lawrence Tech and your eligibility? Find the answers you seek below.
$16,635.00 is the typical Lawrence Technological University’s first year financial aid package. A significant 97% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Lawrence Technological University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
88% of new students (312 total) were offered scholarships at Lawrence Technological University, averaging $14,778.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 29% of first years (102 total) were awarded federal grant aid, averaging $5,229.00 each.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.84% | $17,327.00 |
| Income 30k-48k | 9.32% | $17,263.00 |
| Income 48k-75k | 7.06% | $16,088.00 |
| Income 75k-110k | 12.15% | $16,396.00 |
| Income 110k + | 22.88% | $15,444.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
339 Lawrence Tech undergrads obtain grant aid (this is about 97% of the entire undergraduate student population). The average amount these students receive is $16,635.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.