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.
What financial aid options does Lincoln Christian College and Seminary offer, and what will you qualify for? Keep scrolling for answers.
Lincoln Christian University average financial aid offer for freshmen students is $7,803.00. A significant 98% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Lincoln Christian University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The stats below refer to aid that is provided by Lincoln Christian University.
96% of new students (55 total) were given scholarships at Lincoln Christian University, averaging $4,874.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 40% of freshman students (23 total) obtained federal grant aid, averaging $4,018.00 a piece.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.28% | $11,005.00 |
| Income 30k-48k | 8.77% | $13,642.00 |
| Income 48k-75k | 15.79% | $9,564.00 |
| Income 75k-110k | 19.30% | $5,888.00 |
| Income 110k + | 17.54% | $2,511.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
55 Lincoln Christian College and Seminary undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $7,803.00.
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.