by our College Data Analytics TeamMany students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Loma Linda University can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Loma Linda University provide, and just what are you going to be eligible for? Read on for answers. Read on to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Loma Linda 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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Loma Linda University, some 63% of undergraduate students received gift aid averaging $9,645 (covering around 617 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $9,645 |
| Federal Pell grants | 35% | $5,526 |
| Federal student loans | 64% | $11,111 |
The middle student in the debt distribution at Loma Linda University owes $17,014 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,014 |
| Median federal debt (graduates only) | $20,854 |
| Typical 10-year monthly payment (graduates) | $221.09/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Loma Linda University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,200 |
| 25th percentile | $6,175 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $32,930 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $21,000 |
| Middle income | $18,088 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,086 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $22,593 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Loma Linda University.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Loma Linda University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16546 |
| Total Stafford loan amount | $1,149,338,385 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 54 |
| Total GI Bill amount | $1,004,564 |
| Average GI Bill amount per recipient | $18,603 |
References
More about our data sources and methodologies.