Paying for School with Scholarships & Grants

Written by The LCU Blogging Team on Tuesday, August 22nd, 2017 in Financial Aid, Scholarships

Financing your college education is no small matter.

Fortunately, at Lubbock Christian University you have plenty of help available as you financially plot out your college years. From scholarships to financial assistance, our Admissions and Financial Assistance teams are here to lend a hand.

Let’s start by taking a quick look at LCU’s scholarship opportunities.

LCU Scholarships: What You Need to Know

Academic scholarships

LCU offers academic scholarships to incoming freshmen based on their ACT or SAT score. These scholarships remain in place as long as the student maintains a required GPA that varies depending on ACT and SAT scores.

For example, in 2016, LCU students who scored 24 on their ACT or 1090 on their SAT were eligible for a Student Success Scholarship. Students who scored 27 on the ACT or 1210 on their SAT were eligible for Honors College and Honors Scholarships.

You must be a full-time student to receive an academic scholarship. There are also other scholarships available, and any scholarship can be used in conjunction with federal and state grants for which you may qualify. Students may also qualify for an athletic scholarship.

In general, college scholarships could range from covering the entire cost of your tuition to being just a few hundred dollars. But in either case, they help reduce the cost of your college education.

Grants and Loans

LCU also offers financial assistance to qualifying students in the form of grants and loans, along with employment. You must complete the Free Application for Federal Student Aid (FAFSA) to be eligible to receive financial assistance. You can access a FAFSA application and information here.

Many grants and preferred loans are issued on a first-come, first-served basis, and you’re urged to apply as soon as possible.

Interestingly, 93 percent of LCU’s first-time, full-time undergraduate students received assistance through scholarships while 99 percent received some financial assistance during 2016-17.

Public vs. Private School Out-of-Pocket Costs

Funding for public and private universities is different and is the reason their costs can vary drastically. Public universities are primarily funded by state governments. Consequently, this influx of public money typically makes their tuition lower at face-value.

Read More from our Blog: Prepare Your Finances – How to Budget in College

Yet the total cost of each school isn’t that cut and dried, even if you look at the sticker price. The truth is, students need to evaluate the potential merit-based scholarships, out-of-state fees, and intangible benefits to attending one school over the other.

Figuring Out Your Costs

Our LCU Financial Assistance team is glad to help you estimate the cost of your education. We provide an estimate of your cost of attendance and out-of-pocket expenses, along with your projected amount of gift assistance and student loans. Get in touch with us today to create a plan to pay for school!

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