How LMU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Lincoln Memorial University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,656, which is 92.78 % of all undergraduate students. 1,161 students which is 65.11% of undergraduate students received federal student loans and the average loan amount is $7,475.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,579 (92%)	$14,223	869 (51%)	$3,985	964 (56%)	$7,242
2014-15	1,531 (90%)	$10,826	838 (49%)	$4,344	1,268 (75%)	$4,971
2015-16	1,470 (89%)	$10,824	830 (50%)	$4,210	1,221 (74%)	$4,955
2016-17	1,590 (96%)	$15,485	760 (46%)	$4,039	1,075 (65%)	$7,077
2017-18	1,759 (92%)	$16,089	896 (47%)	$4,193	1,261 (66%)	$8,526
2018-19	1,837 (94%)	$16,064	867 (44%)	$4,117	1,297 (66%)	$9,572
2019-20	1,891 (96%)	$16,836	934 (47%)	$4,524	1,324 (67%)	$8,949
2020-21	1,729 (95%)	$17,508	793 (44%)	$4,561	1,121 (62%)	$8,485
2021-22	1,516 (91%)	$17,191	664 (40%)	$4,564	918 (55%)	$7,499
Average	1,656 (92.78%)	$15,005	828 (46.44%)	$4,282	1,161 (65.11%)	$7,475

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

Overview

For the last 10 years, on average, 254 (97.33 % of students) received grants or scholarships and its average amount is $17,990. It can cover 68.79% of tuition & fees ($26,150).

In addition, 147 (56.78 % of students) students get helped from the students loans (average amount : $5,628).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	183 (99%)	$18,920	112 (61%)	$5,050
2014-15	250 (100%)	$18,504	200 (80%)	$4,227
2015-16	242 (100%)	$18,627	197 (81%)	$4,208
2016-17	304 (98%)	$18,793	186 (60%)	$6,329
2017-18	302 (99%)	$20,279	183 (60%)	$5,201
2018-19	273 (94%)	$16,506	121 (42%)	$5,980
2019-20	243 (93%)	$15,609	99 (38%)	$6,817
2020-21	211 (93%)	$15,566	79 (35%)	$6,684
2021-22	275 (100%)	$19,105	149 (54%)	$6,155
Average	254 (97.33%)	$17,990	147 (56.78%)	$5,628

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 109 (41.67 % of students) received Pell (federal) grants and its average amount is $4,710.

In addition, 120 students received State/local government grants/scholarships (46.67 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	101 (55%)	$4,447	24 (13%)	$1,200	126 (68%)	$6,709	180 (97%)	$11,884
2014-15	126 (50%)	$4,860	79 (32%)	$1,341	122 (49%)	$5,441	250 (100%)	$12,975
2015-16	125 (51%)	$4,727	76 (31%)	$1,337	120 (49%)	$5,422	242 (100%)	$13,077
2016-17	141 (45%)	$4,532	67 (22%)	$1,373	143 (46%)	$5,642	302 (97%)	$13,825
2017-18	154 (50%)	$4,529	45 (15%)	$1,374	164 (54%)	$5,371	300 (98%)	$14,947
2018-19	99 (34%)	$4,573	31 (11%)	$1,468	114 (39%)	$5,027	214 (74%)	$16,051
2019-20	72 (28%)	$4,562	50 (19%)	$1,377	99 (38%)	$5,309	173 (66%)	$16,590
2020-21	55 (24%)	$4,952	66 (29%)	$2,185	78 (35%)	$5,667	144 (64%)	$16,846
2021-22	105 (38%)	$5,211	67 (24%)	$1,499	117 (42%)	$5,372	275 (100%)	$14,465
Average	109 (41.67%)	$4,710	56 (21.78%)	$1,462	120 (46.67%)	$5,551	231 (88.44%)	$14,518

^*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..

Student Loans

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, 147 (56.78 % of students) get any students loan help and its average loan amount is $147.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	112 (61%)	$5,050	112 (61%)	$4,574	6 (3%)	$8,891
2014-15	200 (80%)	$4,227	200 (80%)	$3,916	7 (3%)	$8,905
2015-16	197 (81%)	$4,208	197 (81%)	$3,896	6 (2%)	$10,242
2016-17	186 (60%)	$6,329	185 (59%)	$5,711	12 (4%)	$10,057
2017-18	183 (60%)	$5,201	183 (60%)	$4,956	5 (2%)	$8,964
2018-19	121 (42%)	$5,980	121 (42%)	$5,590	5 (2%)	$9,415
2019-20	99 (38%)	$6,817	98 (38%)	$6,421	4 (2%)	$11,404
2020-21	79 (35%)	$6,684	77 (34%)	$6,450	3 (1%)	$10,457
2021-22	149 (54%)	$6,155	148 (54%)	$5,416	10 (4%)	$11,553
Average	147 (56.78%)	$5,628	147 (56.56%)	$5,214	6 (2.56%)	$9,988

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Scholarships, Grants, and Loan Trends at LMU

All Undergraduate Students Financial Aid Over Time

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