Find the Answers to the Following Questions About Financial Aid

  • What's the average financial aid offered to students?
  • How much of that financial aid is scholarships and grants (free money)?

While it Helps to be Bill Gates if You Want to Afford College, You May Not Have to Be

Lafayette College's average financial aid package for incoming freshmen is $38,258. Approximately 56.0% of incoming students receive some form of financial assistance, the majority of which is in the form of scholarships and grants

Think You Can't Afford to Pay? Would $31,815 Help?

These scholarships and grants are primarily provided by the college itself. In fact, 356 incoming freshmen were awarded scholarships at Lafayette College, averaging $30,488. This ranks in the top 20th percentile of all colleges nationwide.

In addition to scholarships, 82 students were awarded federal grant aid, averaging $5,549 each.

The chart below shows the average amount of scholarship and grant aid distributed to all freshmen.

The table below shows grant and scholarship distributions by income level for freshman students receiving any form of federally-funded Title IV assistance, including Federal PLUS loans.

Income LevelPercent of Freshman StudentsAverage Assistance
Income 0-30k4.9%$42,038
Income 30k-48k4.4%$45,836
Income 48k-75k7.2%$37,851
Income 75k-110k11.4%$31,224
Income 110k +22.7%$13,677

Undergraduate Scholarships and Grants Average $29,449

Of the 2,478 undergraduate students at Lafayette College about 54% get some form of grant aid. The average amount awarded to these 1,349 students was $29,449.

Financial Aid Information at Lafayette College

Financial Aid Department
Net Price

Questions to Consider

  • Did you know financial aid packages can be negotiated? Financial aid is based on need, but you may be able to demonstrate a greater financial need than the one that has been calculated for you.
  • Is that a loan or a grant? Colleges include loans in their financial aid packages to students, even though they have to be paid back. Make sure you know how much of your financial "aid" is free money, and how much is debt.
  • In addition to the FAFSA, are there any other applications you must fill out in order to be considered for financial aid from this college?
  • Will your financial aid package vary from year to year? Are there any requirements that have to be maintained in order to qualify for scholarships, merit awards or talent awards year-to-year?

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