by our College Data Analytics TeamMany students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Great Lakes Institute of Technology can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financing solutions does Great Lakes Institute of Technology provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep going to find out how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Great Lakes Institute of Technology.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Great Lakes Institute of Technology, 88% of first-time, full-time freshmen received some form of financial aid roughly 198 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $6,940 |
| Institutional grants & scholarships | 11% | $2,134 |
| Federal Pell grants | 77% | $5,314 |
| State/local grants | 24% | $4,498 |
| Federal student loans | 73% | $6,461 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 76% of undergraduate students received gift aid averaging $6,448 (across approximately 309 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $6,448 |
| Federal Pell grants | 72% | $4,949 |
| Federal student loans | 74% | $6,485 |
Title-IV recipients living on campus saw average grant aid of $5,488.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,578 |
| $30,001 – $75,000 | $18,623 |
| Over $75,000 | $22,270 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,540 |
| Off-campus title-IV students | $17,265 |
For an estimate tailored to your family circumstances, see Great Lakes Institute of Technology’s net price tool: www.glit.edu/wp-content/uploads/2022/09/netpricecalculator.html.
The median student at Great Lakes Institute of Technology graduates with $9,014 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,014 |
| Median federal debt (graduates only) | $11,250 |
| Typical 10-year monthly payment (graduates) | $119.27/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Great Lakes Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,439 |
| 75th percentile | $13,399 |
| 90th percentile (highest-debt students) | $18,829 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $7,928 |
| High income | $7,929 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,009 |
| Continuing-generation students | $9,168 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $10,398 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Great Lakes Institute of Technology.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Great Lakes Institute of Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5656 |
| Total Stafford loan amount | $57,273,472 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $166,884 |
| Average GI Bill amount per recipient | $16,688 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.