by our College Data Analytics TeamThe total cost of attendance at Louisiana Tech University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Uncover the various financial aid options provided by Louisiana Tech and determine which ones you may be eligible for by continuing your exploration.
Louisiana Tech University average financial aid offer for freshmen students is $10,274.00. About 99% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Louisiana Tech University you may end up taking on.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
81% of new students (1663 total) were given scholarships at Louisiana Tech University, averaging $5,895.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 66% of freshman students (1353 total) obtained federal grant aid, averaging $2,668.00 a piece.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.57% | $13,670.00 |
| Income 30k-48k | 7.34% | $12,640.00 |
| Income 48k-75k | 9.20% | $10,422.00 |
| Income 75k-110k | 7.24% | $8,192.00 |
| Income 110k + | 10.13% | $7,621.00 |
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.
99% of the 2044 undergraduates at Louisiana Tech University receive some sort of grant aid. This is a total of about 2007 students getting an average of $10,274.00 per person.
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.