by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Lake Land College can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial aid solutions can Lake Land College provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down 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 information provided on this page can help you determine how much aid you may receive from Lake Land College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Lake Land College, 85% of new full-time first-years were awarded at least some aid approximately 568 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $5,615 |
| Institutional grants & scholarships | 53% | $2,498 |
| Federal Pell grants | 43% | $5,513 |
| State/local grants | 35% | $2,238 |
| Federal student loans | 6% | $4,099 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at Lake Land College, some 49% of undergraduates were awarded an average grant or scholarship of $5,228 (among about 1821 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $5,228 |
| Federal Pell grants | 26% | $4,941 |
| Federal student loans | 5% | $4,509 |
For on-campus title-IV students, average grant aid came to $8,022.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $1,631 |
| $30,001 – $75,000 | $4,051 |
| Over $75,000 | $9,394 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $2,254 |
| Off-campus title-IV students | $3,271 |
For a personalized estimate based on your family’s financial situation, use Lake Land College’s net price tool: www.lakelandcollege.edu/financialaid/net-price-calculator/.
A typical borrower at Lake Land College leaves with $3,970 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $3,970 |
| Median federal debt (graduates only) | $6,188 |
| Typical 10-year monthly payment (graduates) | $65.6/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Lake Land College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,125 |
| 25th percentile | $1,750 |
| 75th percentile | $5,250 |
| 90th percentile (highest-debt students) | $8,010 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $3,500 |
| Middle income | $4,095 |
| High income | $4,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $3,885 |
| Continuing-generation students | $4,369 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,858 |
| Independent students | $4,251 |
These indicators are derived from the underlying debt data and summarize the overall picture at Lake Land College.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Lake Land College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4790 |
| Total Stafford loan amount | $22,976,182 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 18 |
| Total GI Bill amount | $54,173 |
| Average GI Bill amount per recipient | $3,010 |
References
More about our data sources and methodologies.