Prospective students are students applying to Lawrence and planning to attend Lawrence in the future.
Current students are students who are already enrolled at Lawrence.
How Your Financial Need is Determined
If your family is like most, you will draw upon a combination of savings, assets, and current income to finance your education. However, we understand that for many people, these resources are not enough to cover the entire cost of a Lawrence education. Our need-based financial aid program can assist in making a Lawrence education affordable.
"Institutional need" is based on two factors: the annual “Cost of Attendance” at Lawrence and your “institutional Expected Family Contribution (EFC).”
- Cost of Attendance consists of tuition, fees, room, board, books, transportation, and personal expenses
- Your institutional EFC is based on information reported on the Free Application for Federal Student Aid (FAFSA) and supplemental financial aid materials
Institutional need is the difference between your Cost of Attendance and the your institutional EFC. Merit-based scholarships, grants, federal student loans, and student employment are all used to help meet your need.