Student Loans for Lafayette College Students
About Lafayette College
Located in Easton, Pennsylvania, Lafayette College is a private liberal arts institution offering state-of-the-art undergraduate degrees in diverse fields of study. Established in 1826, the college has built its prestigious reputation by evolving and adapting to its changing surroundings. For example, with the advent of industrialization, it started its programs in chemistry, engineering, and mining in 1866. Lafayette College has been ranked among the top 50 liberal arts colleges in the United State by U.S. News & World Report 2012 Edition.
If you’re like the majority of students applying to Lafayette College, then you need to know the procedure for applying for Lafayette financial aid. In order to apply for financial aid, three documents must be completed and submitted in both an accurate and timely manner: the CSS Profile, a FAFSA, and an Institutional Documentation Service Document (IDOC). The FAFSA is available at FAFSA.ed.gov, and can be submitted electronically. International students only need to submit the CSS Profile because they are not eligible for federal financial aid. Also, remember to correctly fill in the relevant Lafayette College codes in the forms.
Interestingly, Lafayette College is among the few colleges in the country that have pledged a large amount of funds to helping financial needy students fulfill their dreams of quality education. Your Lafayette College financial aid package will consist of several federal financial aid options, such as a Federal Pell Grant, Federal Stafford Loans, and federal work-study programs, and may also include institutional grants and scholarships. It could also contain state-level financial aid opportunities.
If your aid package is not sufficient enough to cover your educational expenses, you might want to consider the option of private student loans. Our free Loan Comparison Tool is easy to use and it will compare various alternate loan options available on the market. Choose your private loan with care because your decision will have a major impact on the amount you will have to eventually pay back.
The Lafayette financial aid office offers a number of options to help students cover the costs of their education. The eligibility requirements for these options generally fall into three categories: financial need, merit or talent, and specific criteria determined by the awarding body. Federal aid takes the student’s financial need under consideration with the help of EFC (Estimated Family Contribution). Merit or talent awards require students to demonstrate exceptional skills in academics, sports, or arts. Last, criteria-based awards are options that require students to major in a specific area or to be a resident of a certain region.
What scholarship awards are available at Lafayette College?
The Lafayette College financial aid office offers a number of scholarship awards to help students cover the costs of their education. The awards available are the Marquis Scholarships, the Athletic Scholarships, and the Posse Scholarship. The Marquis Scholarship award is for students whose financial need exceeds more than $20,000. The Athletics Scholarship awards are offered to students who have excelled in men’s basketball and soccer, and women’s basketball and field hockey. Furthermore, the Posse Scholarship is awarded to students on the basis of their financial need and residence.
Pay for Lafayette College*
|Total Avg. Cost||$53,774|
|Room & Board||$11,959|
|Financial Aid Information|
|Students Receiving Fin Aid||61%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$6,073|
|%Receiving Other Loans||8%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics