by our College Data Analytics TeamA lot of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Lake Technical College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Lake Technical College offer you, and what will you qualify for? Keep reading for more information. 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. Read on to get a sense of the financial assistance available at Lake Technical College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Lake Technical College, 69% of first-year full-time students received aid of some kind some 258 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $5,433 |
| Institutional grants & scholarships | 24% | $4,811 |
| Federal Pell grants | 38% | $5,721 |
| State/local grants | 31% | $1,391 |
| Federal student loans | 0% | — |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Lake Technical College, around 89% of the undergraduate population received grant aid that averaged $2,676 (for some 1125 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $2,676 |
| Federal Pell grants | 32% | $4,408 |
| Federal student loans | 0% | — |
Title-IV recipients living on campus saw average grant aid of $9,191.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,597 |
| $30,001 – $75,000 | $14,658 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,252 |
| Off-campus title-IV students | $14,597 |
To get a personalized net price estimate, try Lake Technical College’s online cost calculator: www.laketech.org/NetPriceCalculator/npcalc.htm.
A handful of calculated indicators summarize the debt outlook at Lake Technical College.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Lake Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17 |
| Total Stafford loan amount | $101,426 |
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 | 42 |
| Total GI Bill amount | $128,006 |
| Average GI Bill amount per recipient | $3,048 |
References
More about our data sources and methodologies.