Lafayette College explains that as long as students meet all of the deadlines, if they are accepted to the school, Lafayette will work to meet all of their need-based financial aid. This institution prides itself on working to help eliminate the student loan debt burden for students and families with a $100,000 or lower annual income.
Lafayette College provides a financial aid checklist to help students begin this part of their journey. In order to apply for and be eligible for all types of aid that is offered at Lafayette, the FAFSA, CSS Profile, and tax documents must be submitted by the financial aid deadlines.
College financing options including payment plan options, loan options and a private lender list is available to students who need additional assistance. A Student Consumer Information page is available as well.
There are a variety of need and merit-based scholarships and grants that students may be eligible for. Separate applications are not needed for most of these. There may be different application requirements for private scholarships or departmental/college scholarships offerings. Veterans are offered military scholarships to help pay for education costs. Additionally, there are tuition exchange scholarships available to certain students who are dependents of qualifying employees of participating Tuition Exchange institutions. Although loans may be part of a student financial aid package, it will not be offered to cover any need-based financial aid that is determined through the submission of financial aid documents and as determined on a student aid report. The college provides federal work-study opportunities to students who meet certain qualifications.
Several types of resources are available on the Lafayette College website to help students understand and navigate the financial aid process and paying for Lafayette College. For example, there is a college costs page that students can explore, along with a net price calculator, a Frequently Asked Questions page, and a return on investment page with alumni stories and facts about the investment of a Lafayette College education.
Lafayette boasts a comprehensive Financial Education and Resources page with links to financial literacy and aid resources. There is information about the college’s financial literacy program called LAFinancial which offers students on-on-one meetings with financial wellness consultants, presentations, online resources and links, and workshops.
The Livewell Lafayette College Wellness page provides a small section on financial wellness along with links to resources about budgeting, debt, credit, and other financial and money management information.