by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Interested in understanding the financial aid resources available at Life and your eligibility? Find the answers you seek below.
Life University average financial aid offer for freshmen students is $9,141.00. 93% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Life University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
65% of new students (104 total) were given scholarships at Life University, averaging $8,113.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 65% of first-year students (104 total) got federal grant aid, averaging $3,332.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 21.74% | $11,384.00 |
| Income 30k-48k | 7.45% | $12,193.00 |
| Income 48k-75k | 11.80% | $9,209.00 |
| Income 75k-110k | 9.94% | $8,147.00 |
| Income 110k + | 13.66% | $4,599.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
146 Life undergrads obtain grant aid (this is about 93% of the entire undergraduate student population). The average amount these students receive is $9,141.00.
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.