by our College Data Analytics TeamThe majority of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to University of Louisiana at Lafayette can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will UL Lafayette deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from University of Louisiana at Lafayette.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at University of Louisiana at Lafayette, 96% of first-time, full-time freshmen received some form of financial aid around 2930 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $11,762 |
| Institutional grants & scholarships | 62% | $5,071 |
| Federal Pell grants | 53% | $6,040 |
| State/local grants | 81% | $5,357 |
| Federal student loans | 53% | $5,493 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 74% of undergraduates were awarded grant or scholarship aid averaging $10,541 (across roughly 9773 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $10,541 |
| Federal Pell grants | 42% | $5,735 |
| Federal student loans | 44% | $6,245 |
For students living on campus and receiving title-IV aid, grants averaged $11,354.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,627 |
| $30,001 – $75,000 | $13,718 |
| Over $75,000 | $18,316 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $13,530 |
| Off-campus title-IV students | $14,118 |
For a customized cost estimate, visit UL Lafayette’s NPC: louisiana.edu/admissions-aid/costs-financial-aid.
The median student at UL Lafayette graduates with $14,991 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,991 |
| Median federal debt (graduates only) | $22,902 |
| Typical 10-year monthly payment (graduates) | $242.8/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. Use the percentiles below to see the debt range at UL Lafayette.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,500 |
| 75th percentile | $23,262 |
| 90th percentile (highest-debt students) | $32,959 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,000 |
| Middle income | $14,750 |
| High income | $15,617 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,978 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $14,554 |
These indicators are derived from the underlying debt data and summarize the overall picture at UL Lafayette.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at UL Lafayette:
| Metric | Value |
|---|---|
| Stafford loan recipients | 46608 |
| Total Stafford loan amount | $870,294,759 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 173 |
| Total GI Bill amount | $1,255,172 |
| Average GI Bill amount per recipient | $7,255 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 13 |
| Total DoD amount | $39,750 |
| Average DoD amount per recipient | $3,058 |
References
More about our data sources and methodologies.