by our College Data Analytics TeamMany students attending Lake Michigan College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$5,390.00 is the typical Lake Michigan College’s first year financial aid package. Approximately 83% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Lake Michigan College.
As well as scholarships, 46% of first-year students (149 total) got a federal grant, for about $5,055.00 per person.
These grants and scholarships are made up of mainly federal grants, plus some state and local awards.
46% of first years at Lake Michigan College (149 total) obtained a federal grant, averaging $5,055.00.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 22.32% | $7,836.00 |
| Income 30k-48k | 11.62% | $6,146.00 |
| Income 48k-75k | 14.68% | $3,625.00 |
| Income 75k-110k | 7.03% | $1,559.00 |
| Income 110k + | 9.48% | $2,085.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 327 undergraduate students at Lake Michigan College around 83% (228 total) receive some form of grant aid. The typical amount awarded was $5,390.00.Most of them are distributed as Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.