by our College Data Analytics TeamThe total cost of attendance at University of Lynchburg 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.
Discover the financial aid possibilities at Lynchburg and learn what assistance you might qualify for by continuing to read.
University of Lynchburg average financial aid offer for freshmen students is $29,959.00. A significant 100% of freshmen benefit from financial aid, with the main type being 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.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at University of Lynchburg.
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 numbers below apply to scholarships and grants primarily provided by University of Lynchburg.
100% of first-year students (471 total) were offered scholarships at University of Lynchburg, averaging $25,958.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 31% of freshmen (146 total) obtained a federal grant, for about $5,142.00 a piece.
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 | 15.29% | $36,413.00 |
| Income 30k-48k | 8.07% | $36,039.00 |
| Income 48k-75k | 13.80% | $33,156.00 |
| Income 75k-110k | 15.71% | $30,341.00 |
| Income 110k + | 42.46% | $27,603.00 |
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 471 undergraduate students at University of Lynchburg around 100% (471 total) receive some form of grant aid. The typical amount awarded was $29,959.00.
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.