by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
What financial aid options does Lenoir - Rhyne University offer, and what will you qualify for? Keep scrolling for answers.
$32,234.00 is the typical Lenoir - Rhyne University’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
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.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Lenoir - Rhyne University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers pertain to assistance that is supplied by Lenoir - Rhyne University.
100% of incoming freshmen (454 total) were awarded scholarships at Lenoir - Rhyne University, averaging $26,797.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 84% of first-year students (380 total) got federal grant aid, averaging $3,404.00 per person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 20.04% | $33,895.00 |
| Income 30k-48k | 13.22% | $35,120.00 |
| Income 48k-75k | 13.66% | $32,494.00 |
| Income 75k-110k | 17.18% | $29,175.00 |
| Income 110k + | 13.66% | $26,185.00 |
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.
454 Lenoir - Rhyne University undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $32,234.00.
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.