Student Loans for Lynchburg College Students
About Lynchburg College
Located in the scenic community of Lynchburg, which is in the heart of Virginia, Lynchburg College is one of the region’s leading liberal arts colleges. Founded in 1903, the college has maintained a close association with the Christian Church. Lynchburg is a private college with over 2,500 students. The college offers 39 undergraduate and 14 graduate programs in areas ranging from physical therapy to education.
Nearly 98 percent of all students at Lynchburg College receive some sort of financial aid, with the average financial aid package being $21,000. Lynchburg College Financial Aid packages include several institutional scholarships and academic awards, as well as a number of federal and state-sponsored awards. In order to be eligible for financial aid at Lynchburg, students are required to fill out the Free Application for Federal Student Aid, or FAFSA, which can be found online at fafsa.ed.gov.
Financial Aid Packages
Most of the students at Lynchburg receive institutional scholarships, which are awarded based on academic performance, athletic ability, or special talents. Lynchburg Financial Aid also includes education grants, which are awarded based on need. In addition to Lynchburg College Grants, students can also obtain Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), TEACH Grants, as well as a number of
state-sponsored grants. Both scholarships and grants are types of aid that do not have to be paid back. Lynchburg financial aid packages also include Federal Perkins Loans, Direct Loans and PLUS Loans. Additionally, students at Lynchburg can also apply for a federal work-study program. This program allows students to work part-time and use their earnings to pay for education-related expenses.
Private Student Loans
If institutional or federal aid is not sufficient to cover all of your expenses, it is time to consider a private student loan. These loans are processed almost instantly and have flexible borrowing limits. With dozens of loans on the market, it is important to do your research before making a commitment. By using the Student Loan Comparison Tool on our website, you can view key features of different loans and easily select one that best suits your needs.
Lynchburg College financial aid offers a number of academic scholarship awards to freshmen. The awards available are the Hopwood Awards, the Founders Scholarship, the Presidential Scholarship, the Alumni Scholarship, the Achievement Scholarship, and the Trustee Scholarship Award. In order to qualify for these awards, students must fulfill the eligibility requirements. The awards for all of these scholarships range from $3,000 to $14,000.
Pay for Lynchburg College*
|Total Avg. Cost||$39,725|
|Room & Board||$8,020|
|Financial Aid Information|
|Students Receiving Fin Aid||99%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$8,040|
|%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