What Percentage of Students Get Financial Aid?
Lake Area Technical Institute's standard financial aid package for newly arriving first year students is $10,642. Approximately 87.0% of first year students receive some financial aid, the majority of which is loans.
Financial aid contains scholarships, grants, and student loans. However, student loans must be paid back, so they aren't a true college discount.
A student loan is not a true college discount, but rather an outcome to consider. Learn how much student loan debt from Lake Area Technical Institute you could end up taking on.
How Much Is Available in Grants & Scholarships?
The numbers and the chart following pertain to primarily grants from federal sources, and some local and state grants. 45.0% of first years at Lake Area Technical Institute (286 total) were awarded a federal grant, averaging $4,691. In addition to grants, 21.0% of first years (130 total) received scholarships by the school, totaling $921 per student.
The chart below shows the usual amount of grant and scholarship aid given to all freshmen.
Grants are typically based on need while scholarships are merit-based.
Amount of Aid Per Family Income
The chart following displays scholarship and grant distributions by family income for first year students getting any form of federal Title IV assistance, including Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||14.8%||$247|
Title IV aid features loans, grants, or work-study given by the federal government generally according to need. Learn more here.
Grants & Scholarships for All Students Average $5,119
Of the 2,245 undergraduates at Lake Area Technical Institute around 60.0% (1,354 in total) obtain some form of grant aid. The average amount given was $5,119. The most of which are in the form of Pell Grants.
Financial Aid Links from Lake Area Technical Institute
|Financial Aid Department Website||www.lakeareatech.edu|
|Net Price Calculator||www.lakeareatech.edu/financial-aid/net-price-calculator/|
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