by our College Data Analytics TeamMany students are not billed 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 Washington Institute of Technology can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial assistance solutions will LWTech deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Lake Washington Institute of Technology.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Lake Washington Institute of Technology, 46% of new full-time first-years were awarded at least some aid approximately 143 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $6,880 |
| Institutional grants & scholarships | 18% | $1,479 |
| Federal Pell grants | 19% | $5,777 |
| State/local grants | 33% | $4,663 |
| Federal student loans | 5% | $6,108 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 31% of undergraduates were awarded an average grant or scholarship of $7,506 (for some 1024 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 31% | $7,506 |
| Federal Pell grants | 13% | $5,199 |
| Federal student loans | 5% | $7,443 |
For students living on campus and receiving title-IV aid, grants averaged $9,522.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,163 |
| $30,001 – $75,000 | $6,831 |
| Over $75,000 | $12,330 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $6,817 |
| Off-campus title-IV students | $5,886 |
For an estimate tailored to your family circumstances, see LWTech’s NPC: www.lwtech.edu/admissions/financial-aid/cost-of-attendance/.
The middle student in the debt distribution at LWTech owes $10,356 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,356 |
| Median federal debt (graduates only) | $15,047 |
| Typical 10-year monthly payment (graduates) | $159.52/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at LWTech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,453 |
| 25th percentile | $4,262 |
| 75th percentile | $18,000 |
| 90th percentile (highest-debt students) | $25,141 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,252 |
| Middle income | $11,000 |
| High income | $9,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,334 |
| Continuing-generation students | $10,378 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $12,000 |
A handful of calculated indicators summarize the debt outlook at LWTech.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at LWTech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4385 |
| Total Stafford loan amount | $57,627,983 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 83 |
| Total GI Bill amount | $369,602 |
| Average GI Bill amount per recipient | $4,453 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $5,245 |
| Average DoD amount per recipient | $1,311 |
References
More about our data sources and methodologies.