| TYPE |
ELIGIBILITY |
VALUE |
COMMENT |
| Academic Scholarships |
First-year, full-time students who have demonstrated academic excellence. Selection is based on high school grades, rigor of program, SAT scores, rank
in class, and evidence of
independent scholarship and personal initiative. |
Marquis $16,000 each year plus program fee for one faculty-led interim abroad course. Trustee $8,000 each year; calculated need exceeding value of either scholarship met with full grant award. |
Renewable each year as long as student maintains a 3.00 cumulative grade point average. |
| Lafayette College Grants |
Full-time students who demonstrate need under institutional methodology. |
Grants are based on a student’s need and are supplemented by loans and/or campus employment. |
Students must make satisfactory academic progress and must re-apply each year by the specified deadlines. New applicants will be considered
based on available funds and G.P.A. comparable with the all-college average. |
| Athletic Scholarships |
Selection is based on athletic talent and ability to meet Lafayette’s rigorous academic standards. Available in men’s and women’s basketball, women’s field hockey, and men’s soccer. |
Full scholarship is up to value of tuition, fees, room, board, and books. Partial scholarships are also awarded. |
Compliance with NCAA regulations and continued participation in the sport are required. |
| Federal Pell Grants |
Any matriculated undergraduate
enrolled at least half-time without prior bachelor’s degree. Award based on federal
methodology. |
$400-$4,310 |
|
| Federal SEOG Grants |
Full-time students who
demonstrate need. Pell-eligible students receiving College
aid have priority. |
Varies according to financial need and current federal
allocations. |
|
Federal Academic Competitiveness Grants (ACG)
Federal National Science and Mathematics Access to Retain Talent Grants (SMART) |
Full-time students who are
U.S. citizens and Pell-eligible. ACG recipients must have completed an approved competitive high school curriculum. SMART grant recipients must be enrolled in certain science, math, or foreign language majors. |
ACG $750 for first year; $1,300 second year; SMART $4,000. |
Must maintain a minimum 3.00 grade point average each semester. |
| State Grant Programs |
Available to undergraduate
students from Alaska, Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, Ohio, Pennsylvania, Rhode Island, Vermont, and West Virginia. Award based on federal methodology and state guidelines. |
Varies according to state criteria. |
Students from these states who apply for Lafayette College aid are required to apply for state grants. |
| Federal Perkins Loan |
Full-time students who demonstrate need. |
Varies according to unmet financial need and available funds. |
Repayment begins nine months after student graduates from Lafayette or from graduate school, or completes military service. 5% fixed interest rate in repayment. |
| Federal Stafford Loans (Subsidized and Unsubsidized) |
Any matriculated undergraduate enrolled at least half-time. Subsidy is based on federal methodology. |
$3,500 maximum for first-year, $4,500 for sophomores, $5,500 for juniors and seniors. |
6.8% fixed interest rate, repayment deferred until six months after graduation; Subsidized—no interest accrues until six months after graduation. Unsubsidized—borrower responsible for accrued interest, which can be capitalized at borrower’s request. |
| Plus Loans |
Parents of undergraduates enrolled at least half-time. Parent borrower must be a U.S. citizen. Certification form required of all borrowers who do not submit a FAFSA. Credit review by lender. |
Up to the cost of education minus all other financial aid. |
Fixed interest rate of 8.5%; repayment begins within 60 days after disbursement of funds. |
| Work Study |
Students who demonstrate need under federal methodology. |
Payable monthly at a minimum hourly rate of $7.15. |
On-campus referrals include the library, dining services, academic departments, administrative offices, and off campus in the “America Reads” program. |
