by our College Data Analytics TeamMany students are not billed 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 total cost of going to Iowa Lakes Community College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financing solutions does Iowa Lakes Community College provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep going to discover how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Iowa Lakes Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Iowa Lakes Community College, 87% of first-time, full-time freshmen received some form of financial aid (about 312 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $5,926 |
| Institutional grants & scholarships | 45% | $2,331 |
| Federal Pell grants | 36% | $5,766 |
| State/local grants | 27% | $3,957 |
| Federal student loans | 37% | $7,532 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Iowa Lakes Community College, approximately 37% of undergraduates were awarded an average grant or scholarship of $6,162 (for some 770 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 37% | $6,162 |
| Federal Pell grants | 19% | $5,311 |
| Federal student loans | 18% | $6,848 |
Title-IV recipients living on campus saw average grant aid of $6,187.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,916 |
| $30,001 – $75,000 | $10,103 |
| Over $75,000 | $13,410 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,933 |
| Off-campus title-IV students | $10,846 |
For a customized cost estimate, visit Iowa Lakes Community College’s net price tool: www.iowalakes.edu/paying-for-college/net-price-calculator/.
Graduating students at Iowa Lakes Community College carry a median federal student debt of $7,242 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,242 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Iowa Lakes Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,964 |
| 25th percentile | $3,500 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $20,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,740 |
| Middle income | $7,500 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,500 |
| Continuing-generation students | $6,151 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Iowa Lakes Community College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Iowa Lakes Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8868 |
| Total Stafford loan amount | $97,478,271 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 15 |
| Total GI Bill amount | $141,461 |
| Average GI Bill amount per recipient | $9,431 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $13,604 |
| Average DoD amount per recipient | $2,267 |
References
More about our data sources and methodologies.