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 amount of LMU financial assistance will actually be available to you?Get answers to your questions here.
Lincoln Memorial University average financial aid offer for freshmen students is $15,609.00. Approximately 93% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Lincoln Memorial 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.
66% of new students (173 total) were given scholarships at Lincoln Memorial University, averaging $16,590.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 34% of freshmen (88 total) received a federal grant, for about $4,515.00 a person.
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 | 22.22% | $25,641.00 |
| Income 30k-48k | 16.86% | $22,400.00 |
| Income 48k-75k | 13.79% | $21,509.00 |
| Income 75k-110k | 5.75% | $21,286.00 |
| Income 110k + | 5.36% | $1,714.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
93% of the 261 undergraduates at Lincoln Memorial University receive some sort of grant aid. This is a total of about 243 students getting an average of $15,609.00 per person.
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.