Scholarships, Grants, and Loan Trends at Luther Rice College & Seminary

-5%

Received Percent Changed

$1,030

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 199, which is 65.78 % of all undergraduate students. 166 students which is 54.33% of undergraduate students received federal student loans and the average loan amount is $7,911.

For full-time, first-time beginning students (freshmen), 78.17% of students received grants or scholarships and 63% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Luther Rice College & Seminary since 2014.

For that period, the average number of students who received grants aid/scholarships is 199, which is 65.78 % of all undergraduate students. 166 students which is 54.33% of undergraduate students received federal student loans and the average loan amount is $7,911.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15318 (65%)$3,339286 (58%)$3,253279 (57%)$8,440
2015-16294 (72%)$3,024244 (60%)$3,190233 (57%)$8,156
2016-17213 (61%)$3,538194 (55%)$3,514186 (53%)$8,583
2017-18197 (63%)$3,712185 (59%)$3,546180 (58%)$7,826
2018-19186 (63%)$3,580164 (56%)$3,454162 (55%)$7,171
2019-20147 (62%)$3,628124 (52%)$3,522133 (56%)$7,104
2020-21194 (88%)$3,215113 (51%)$3,739114 (52%)$7,551
2021-22118 (58%)$5,38397 (48%)$4,011104 (51%)$8,211
2022-23128 (60%)$4,369105 (50%)$3,984107 (50%)$8,161
Average199 (65.78%)$3,754168 (54.33%)$3,579166 (54.33%)$7,911
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 2 (78.17 % of students) received grants or scholarships and its average amount is $5,034. It can cover 44.47% of tuition & fees ($11,320).

In addition, 2 (63.33 % of students) students get helped from the students loans (average amount : $4,633).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-152 (67%)$3,377--
2015-163 (75%)$4,0762 (50%)$5,444
2016-172 (67%)$3,717--
2017-181 (100%)$2,0031 (100%)$3,464
2018-19----
2019-20----
2020-211 (100%)$9,423--
2021-22----
2022-233 (60%)$7,6092 (40%)$4,990
Average2 (78.17%)$5,0342 (63.33%)$4,633
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 2 (68.60 % of students) received Pell (federal) grants and its average amount is $5,045.

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15------2 (67%)$3,377
2015-162 (50%)$4,5503 (75%)$50--3 (75%)$993
2016-171 (33%)$4,3241 (33%)$75--2 (67%)$1,517
2017-181 (100%)$2,003------
2018-19--------
2019-20--------
2020-211 (100%)$7,9881 (100%)$1,435----
2021-22--------
2022-233 (60%)$6,3623 (60%)$200--2 (40%)$1,570
Average2 (68.60%)$5,0452 (67.00%)$440--2 (62.25%)$1,864
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 2 (63.33 % of students) get any students loan help and its average loan amount is $2.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15------
2015-162 (50%)$5,4442 (50%)$5,444--
2016-17------
2017-181 (100%)$3,4641 (100%)$3,464--
2018-19------
2019-20------
2020-21------
2021-22------
2022-232 (40%)$4,9902 (40%)$4,990--
Average2 (63.33%)$4,6332 (63.33%)$4,633--

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