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.
Uncover the various financial aid options provided by Lipscomb and determine which ones you may be eligible for by continuing your exploration.
$23,095.00 is the typical Lipscomb University’s first year financial aid package. Financial aid is provided to about 99% of first-year students, with the bulk of support coming in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Lipscomb University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The stats below refer to aid that is provided by Lipscomb University.
99% of incoming freshmen (605 total) were given scholarships at Lipscomb University, averaging $20,266.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 21% of first years (129 total) were awarded federal grant aid, averaging $5,033.00 each.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.51% | $27,615.00 |
| Income 30k-48k | 5.73% | $27,231.00 |
| Income 48k-75k | 8.51% | $25,998.00 |
| Income 75k-110k | 8.67% | $21,234.00 |
| Income 110k + | 22.09% | $20,552.00 |
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.
Of the 611 undergraduate students at Lipscomb University around 99% (605 total) receive some form of grant aid. The typical amount awarded was $23,095.00.
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.