Financial Aid

Lafayette College can help you reach your ambitions, and we work to make our premier education accessible and affordable.

We believe financing a college education is a partnership between the student, their family and their higher education institution. At Lafayette College, our goal is for all admitted students to receive the financial aid for which they qualify in order to realize their educational goals.

We offer a variety of tools to help students and their families plan ahead for this investment to calculate an estimate of what your education might cost. Lafayette College is one of 73 institutions in the country that guarantees to meet 100% of demonstrated need for all applicants who meet the application deadlines. Lafayette also provides merit-based scholarships to a select few applicants.

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No Loan Initiative

Beginning with students entering the College in the 2024-2025 academic year, we will replace federal loans with grants for domestic students with a total family income $200,000 or less and with typical family assets for their income levels.*

see our faq section for additional details

*Total family income is calculated using taxable income, including wages, interest, and business income, plus untaxed income, like child support, social security, and pension distributions. Business income includes income generated from sole proprietorships, partnerships, corporations, and rental income. Assets include bank accounts, investments, home equity, and business net worth, but do not include retirement savings. Losses are added back into income, including business losses, capital losses, and depreciation on real estate and/or rental property.

For students applying Early Decision I for the fall of 2025: Due to the anticipated delays of the 2025-2026 FAFSA, Lafayette College will be using the CSS Profile and IDOC to determine eligibility for need-based financial aid. Submission of The FAFSA is required by January 15, 2025.  If it is determined that a student is eligible for federal or state grant funding upon receipt of the FAFSA, the College-funded grant portion of the financial aid award will be adjusted accordingly.