by our College Data Analytics TeamMany students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Graceland University-Lamoni can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Graceland Lamoni deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Graceland University-Lamoni.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Graceland University-Lamoni, 100% of first-year full-time students received aid of some kind approximately 240 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $28,754 |
| Institutional grants & scholarships | 100% | $24,194 |
| Federal Pell grants | 52% | $6,015 |
| State/local grants | 13% | $8,095 |
| Federal student loans | 78% | $5,497 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, roughly 93% of undergrads got grants or scholarships worth on average $27,404 (across approximately 849 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $27,404 |
| Federal Pell grants | 49% | $5,928 |
| Federal student loans | 78% | $7,229 |
For on-campus title-IV students, average grant aid came to $29,790.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,859 |
| $30,001 – $75,000 | $15,134 |
| Over $75,000 | $18,679 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,504 |
| Off-campus title-IV students | $15,850 |
For a customized cost estimate, visit Graceland Lamoni’s net price calculator: www.graceland.edu/admissions-aid/tuition-financial-aid/tuition-and-fees/net-price-calculator/.
The median student at Graceland Lamoni graduates with $14,209 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,209 |
| Median federal debt (graduates only) | $21,212 |
| Typical 10-year monthly payment (graduates) | $224.88/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Graceland Lamoni.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,250 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $32,375 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $14,469 |
| High income | $15,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,542 |
| Continuing-generation students | $16,166 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,000 |
| Independent students | $14,620 |
The figure below distills the debt data into a single burden category for Graceland Lamoni.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Graceland Lamoni:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9473 |
| Total Stafford loan amount | $226,575,632 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 12 |
| Total GI Bill amount | $108,811 |
| Average GI Bill amount per recipient | $9,068 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $3,750 |
| Average DoD amount per recipient | $3,750 |
References
More about our data sources and methodologies.