by our College Data Analytics TeamThe majority of 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 price of attendance at Lake Area Technical College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can LATI deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Lake Area Technical College.
Financial 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 aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Lake Area Technical College, 91% of first-time, full-time freshmen received some form of financial aid approximately 547 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $6,014 |
| Institutional grants & scholarships | 25% | $4,714 |
| Federal Pell grants | 34% | $5,444 |
| State/local grants | 10% | $3,099 |
| Federal student loans | 81% | $5,104 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, roughly 58% of undergrads got grants or scholarships worth on average $6,767 (across approximately 1264 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $6,767 |
| Federal Pell grants | 27% | $5,013 |
| Federal student loans | 57% | $5,870 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $3,658.
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 | $10,808 |
| $30,001 – $75,000 | $13,306 |
| Over $75,000 | $17,147 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,979 |
| Off-campus title-IV students | $14,826 |
For an estimate tailored to your family circumstances, see LATI’s official net price calculator: www.lakeareatech.edu/getting-started/financial-aid/net-price-calculator/.
The middle student in the debt distribution at LATI owes $9,888 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,888 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at LATI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $5,500 |
| 75th percentile | $14,167 |
| 90th percentile (highest-debt students) | $20,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,000 |
| High income | $10,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,000 |
| Continuing-generation students | $9,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,854 |
| Independent students | $11,556 |
These indicators are derived from the underlying debt data and summarize the overall picture at LATI.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at LATI:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8279 |
| Total Stafford loan amount | $83,348,292 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 37 |
| Total GI Bill amount | $240,525 |
| Average GI Bill amount per recipient | $6,501 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 24 |
| Total DoD amount | $58,776 |
| Average DoD amount per recipient | $2,449 |
References
More about our data sources and methodologies.