by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$5,167.00 is the typical Lake Land College’s first year financial aid package. 79% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Lake Land College you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The stats below refer to aid that is provided by Lake Land College.
34% of incoming freshmen (276 total) were given scholarships at Lake Land College, averaging $3,087.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 44% of freshman students (355 total) obtained federal grant aid, averaging $4,750.00 a piece.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 25.19% | $7,004.00 |
| Income 30k-48k | 9.85% | $5,853.00 |
| Income 48k-75k | 8.10% | $3,874.00 |
| Income 75k-110k | 1.50% | $2,242.00 |
| Income 110k + | 0.75% | $1,099.00 |
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.
585 Lake Land College undergrads obtain grant aid (this is about 79% of the entire undergraduate student population). The average amount these students receive is $5,167.00.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.