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.
Curious about the financial aid opportunities at LSC and what you may be eligible for? Explore the answers here.
Lake Superior College average financial aid offer for freshmen students is $4,327.00. Financial aid is provided to about 94% of first-year students, with the bulk of support coming in the form of loans.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Lake Superior College.
In addition to scholarships, 87% of first years (397 total) were awarded federal grant aid, averaging $2,196.00 each.
These grants and scholarships are made up of mainly federal grants, plus some state and local awards.
87% of first-year students at Lake Superior College (397 total) obtained a federal grant, averaging $2,196.00.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.54% | $5,585.00 |
| Income 30k-48k | 11.23% | $5,083.00 |
| Income 48k-75k | 9.03% | $3,502.00 |
| Income 75k-110k | 3.74% | $1,117.00 |
| Income 110k + | 0.66% | $64.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 454 undergraduate students at Lake Superior College around 94% (403 total) receive some form of grant aid. The typical amount awarded was $4,327.00.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.