by our College Data Analytics TeamA large number of students will never be charged 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-Sumter State College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financing solutions does LSSC provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Lake-Sumter State College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Lake-Sumter State College, 76% of first-time, full-time freshmen received some form of financial aid (about 439 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $5,751 |
| Institutional grants & scholarships | 37% | $1,510 |
| Federal Pell grants | 48% | $6,436 |
| State/local grants | 21% | $2,340 |
| Federal student loans | 9% | $3,749 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At LSSC, some 44% of undergrads got grants or scholarships worth on average $4,532 (among about 2214 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $4,532 |
| Federal Pell grants | 30% | $5,097 |
| Federal student loans | 43% | $970 |
For students living on campus and receiving title-IV aid, grants averaged $6,771.
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 | $4,508 |
| $30,001 – $75,000 | $5,808 |
| Over $75,000 | $10,329 |
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 | $5,855 |
| Off-campus title-IV students | $5,742 |
For a customized cost estimate, visit LSSC’s online cost calculator: www.lssc.edu/dept/financial-aid/resources/net-price-calculator/.
Graduating students at LSSC carry a median federal student debt of $4,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,500 |
| Median federal debt (graduates only) | $6,750 |
| Typical 10-year monthly payment (graduates) | $71.56/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at LSSC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,250 |
| 75th percentile | $8,570 |
| 90th percentile (highest-debt students) | $16,001 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,500 |
| Middle income | $4,000 |
| High income | $5,475 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,500 |
| Continuing-generation students | $4,118 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,782 |
| Independent students | $4,750 |
The figure below distills the debt data into a single burden category for LSSC.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at LSSC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3427 |
| Total Stafford loan amount | $26,129,248 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 39 |
| Total GI Bill amount | $94,630 |
| Average GI Bill amount per recipient | $2,426 |
References
More about our data sources and methodologies.