by our College Data Analytics TeamMany students attending LeTourneau University 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 LETU and what you may be eligible for? Explore the answers here.
$19,179.00 is the typical LeTourneau 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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at LeTourneau 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 apply to scholarships and grants largely offered by the school itself.
98% of first-year students (332 total) were offered scholarships at LeTourneau University, averaging $16,707.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 29% of freshman students (97 total) obtained federal grant aid, averaging $5,416.00 a piece.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.16% | $25,080.00 |
| Income 30k-48k | 7.37% | $24,968.00 |
| Income 48k-75k | 11.50% | $21,036.00 |
| Income 75k-110k | 10.62% | $20,060.00 |
| Income 110k + | 21.24% | $17,242.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
338 LETU undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $19,179.00.
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.
