by our College Data Analytics TeamMany students attending Lycoming College 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.
Discover the financial aid possibilities at Lycoming and learn what assistance you might qualify for by continuing to read.
$37,390.00 is the typical Lycoming College’s first year financial aid package. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Lycoming College.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Lycoming College.
100% of new students (339 total) were given scholarships at Lycoming College, averaging $33,694.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 49% of freshman students (166 total) obtained federal grant aid, averaging $5,719.00 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 | 21.76% | $44,087.00 |
| Income 30k-48k | 16.47% | $44,183.00 |
| Income 48k-75k | 15.59% | $38,127.00 |
| Income 75k-110k | 13.24% | $33,962.00 |
| Income 110k + | 18.24% | $30,675.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
340 Lycoming undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $37,390.00.
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.
