Student Finances and Work-study
While Alice Lloyd College does not rely on any direct financial support from the state or federal governments, it does accept students using federal and state student financial aid such as federal Pell Grants. Of the 16 percent of students who receive education loans, the average amount is approximately $800. According to the Project on Student Debt, each of Alice Lloyd's 2009 graduates carried an average debt of $6,500, which is well below the statewide average of $19,112 and the national average of $24,000.
Students are required to work in a work-study program regardless of financial situation. They are given jobs such as janitorial staff, office assistant, tutor, craft maker, resident advisor, maintenance, grounds or working in the cafeteria (Hunger Din). In addition to on-campus jobs, students can work at off-campus outreach projects. Students are required to work at least 160 hours per semester. The college is one of eight work colleges in the United States and one of two in Kentucky (Berea College being the other) that have mandatory work-study programs.
Students from 108 counties in the Appalachian Mountains region of Kentucky, Ohio, Tennessee, Virginia and West Virginia pay no tuition through the Appalachian Leaders College Scholarship.
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