by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
What financial aid options does LATI offer, and what will you qualify for? Keep scrolling for answers.
Lake Area Technical Institute average financial aid offer for freshmen students is $3,973.00. Financial aid is provided to about 93% of first-year students, with the bulk of support coming in the form of loans.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Lake Area Technical Institute.
As well as scholarships, 74% of freshmen (428 total) obtained a federal grant, for about $3,174.00 a piece.
The following grants and scholarships consist of mostly federally provided grants, as well as some state and local grants.
74% of first years at Lake Area Technical Institute (428 total) obtained a federal grant, averaging $3,174.00.
Amount of Financial Assistance Per Income Level
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 15.66% | $6,337.00 |
| Income 30k-48k | 10.15% | $5,361.00 |
| Income 48k-75k | 12.74% | $2,745.00 |
| Income 75k-110k | 7.40% | $544.00 |
| Income 110k + | 7.57% | $499.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
462 LATI undergrads obtain grant aid (this is about 93% of the entire undergraduate student population). The average amount these students receive is $3,973.00.The bulk of which are Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.