by our College Data Analytics TeamA lot of students will not be asked to pay 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 total price of attendance at Lipscomb University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financing options does Lipscomb offer, and what will you qualify for? Keep scrolling for more information. Keep reading to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Lipscomb University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Lipscomb University, 100% of the incoming full-time class was awarded financial aid some 709 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $28,645 |
| Institutional grants & scholarships | 99% | $23,433 |
| Federal Pell grants | 32% | $5,866 |
| State/local grants | 52% | $6,304 |
| Federal student loans | 31% | $5,108 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, some 96% of undergrads got grants or scholarships worth on average $23,695 (covering around 3134 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $23,695 |
| Federal Pell grants | 24% | $5,376 |
| Federal student loans | 29% | $6,299 |
For students living on campus and receiving title-IV aid, grants averaged $30,378.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,649 |
| $30,001 – $75,000 | $21,663 |
| Over $75,000 | $29,599 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $24,739 |
| Off-campus title-IV students | $25,367 |
For a customized cost estimate, visit Lipscomb’s official net price calculator: www.lipscomb.edu/admissions/cost-financial-aid/resources/net-price-calculator.
A typical borrower at Lipscomb leaves with $15,350 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,350 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Lipscomb.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $6,250 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $31,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $17,750 |
| High income | $17,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,750 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,904 |
| Independent students | $12,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Lipscomb.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Lipscomb:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12646 |
| Total Stafford loan amount | $396,217,603 |
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 | 119 |
| Total GI Bill amount | $2,639,082 |
| Average GI Bill amount per recipient | $22,177 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 32 |
| Total DoD amount | $101,500 |
| Average DoD amount per recipient | $3,172 |
References
More about our data sources and methodologies.