by our College Data Analytics TeamMany students attending Lackawanna College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Curious about the financial aid opportunities at Lackawanna College and what you may be eligible for? Explore the answers here.
$7,637.00 is the typical Lackawanna College’s first year financial aid package. 87% of first-year students are awarded financial aid, primarily comprising loans.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Lackawanna College.
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 following numbers apply to scholarships and grants largely offered by the school itself.
37% of first-year students (143 total) were offered scholarships at Lackawanna College, averaging $4,517.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 59% of freshmen (230 total) obtained a federal grant, for about $4,972.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 42.64% | $8,204.00 |
| Income 30k-48k | 13.18% | $9,196.00 |
| Income 48k-75k | 10.85% | $6,174.00 |
| Income 75k-110k | 4.65% | $2,519.00 |
| Income 110k + | 3.36% | $1,568.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 387 undergraduate students at Lackawanna College around 87% (320 total) receive some form of grant aid. The typical amount awarded was $7,637.00.
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.