by our College Data Analytics TeamThe majority of students are not billed 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 price tag of going to Loras College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will Loras provide, and just what are you going to be eligible for? Read on for answers. Keep reading 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 Loras College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Loras College, 100% of entering full-time freshmen got some type of financial assistance around 254 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $28,835 |
| Institutional grants & scholarships | 100% | $26,363 |
| Federal Pell grants | 24% | $4,605 |
| State/local grants | 18% | $7,255 |
| Federal student loans | 59% | $5,285 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Loras, some 98% of undergrads got grants or scholarships worth on average $25,701 (across approximately 1107 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $25,701 |
| Federal Pell grants | 23% | $5,014 |
| Federal student loans | 58% | $6,469 |
Title-IV recipients living on campus saw average grant aid of $29,821.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,619 |
| $30,001 – $75,000 | $16,257 |
| Over $75,000 | $23,080 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,716 |
| Off-campus title-IV students | $21,057 |
For a customized cost estimate, visit Loras’s net price tool: www.loras.edu/financial-aid/netpricecalculator/.
The median student at Loras graduates with $19,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Loras.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $8,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,667 |
| Middle income | $17,750 |
| High income | $21,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,500 |
| Continuing-generation students | $21,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,000 |
| Independent students | $13,486 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Loras.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Loras:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5491 |
| Total Stafford loan amount | $87,427,289 |
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.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $56,782 |
| Average GI Bill amount per recipient | $9,464 |
References
More about our data sources and methodologies.