by our College Data Analytics TeamMost students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Lake Region State College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financing options does Lake Region State College offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to see just how much financial aid could be open 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 information provided on this page can help you determine how much aid you may receive from Lake Region State College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Lake Region State College, 93% of first-year full-time students received aid of some kind around 186 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $5,273 |
| Institutional grants & scholarships | 74% | $2,665 |
| Federal Pell grants | 30% | $4,574 |
| State/local grants | 39% | $2,500 |
| Federal student loans | 44% | $4,963 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Lake Region State College, some 26% of the undergraduate population received grant aid that averaged $5,553 (for some 469 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 26% | $5,553 |
| Federal Pell grants | 10% | $4,389 |
| Federal student loans | 13% | $6,086 |
On-campus students receiving title-IV aid were awarded grants averaging $5,154.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,170 |
| $30,001 – $75,000 | $9,814 |
| Over $75,000 | $14,002 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $13,577 |
| Off-campus title-IV students | $10,989 |
For a customized cost estimate, visit Lake Region State College’s net price tool: www.lrsc.edu/net-price-calculator.
The median federal debt load at Lake Region State College comes to $7,475 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,475 |
| Median federal debt (graduates only) | $10,293 |
| Typical 10-year monthly payment (graduates) | $109.12/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Lake Region State College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,277 |
| 25th percentile | $3,559 |
| 75th percentile | $11,467 |
| 90th percentile (highest-debt students) | $17,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,250 |
| Middle income | $6,882 |
| High income | $6,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,320 |
| Continuing-generation students | $7,935 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $8,769 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Lake Region State College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Lake Region State College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3526 |
| Total Stafford loan amount | $31,206,995 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 27 |
| Total GI Bill amount | $89,906 |
| Average GI Bill amount per recipient | $3,330 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 49 |
| Total DoD amount | $81,821 |
| Average DoD amount per recipient | $1,670 |
References
More about our data sources and methodologies.