by our College Data Analytics TeamA lot of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Lafayette College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financing solutions does Lafayette provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to find out what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Lafayette College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Lafayette College, 67% of new full-time first-years were awarded at least some aid roughly 467 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $44,707 |
| Institutional grants & scholarships | 61% | $43,003 |
| Federal Pell grants | 14% | $6,029 |
| State/local grants | 2% | $4,665 |
| Federal student loans | 20% | $4,451 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, some 61% of undergraduate students received gift aid averaging $45,956 (among about 1673 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $45,956 |
| Federal Pell grants | 12% | $5,701 |
| Federal student loans | 20% | $5,119 |
Title-IV recipients living on campus saw average grant aid of $48,700.
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 | $10,045 |
| $30,001 – $75,000 | $9,061 |
| Over $75,000 | $46,580 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $34,433 |
| Off-campus title-IV students | $32,496 |
For an estimate tailored to your family circumstances, see Lafayette’s official net price calculator: npc.collegeboard.org/app/lafayette.
The median federal debt load at Lafayette comes to $14,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,000 |
| Median federal debt (graduates only) | $16,000 |
| Typical 10-year monthly payment (graduates) | $169.63/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Lafayette.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
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 | $9,000 |
| Middle income | $15,750 |
| High income | $14,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $14,000 |
A handful of calculated indicators summarize the debt outlook at Lafayette.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Lafayette:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3400 |
| Total Stafford loan amount | $43,874,829 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $216,960 |
| Average GI Bill amount per recipient | $27,120 |
References
More about our data sources and methodologies.