by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Lakeland Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can Lakeland provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Lakeland Community College.
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. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Lakeland Community College, 68% of the incoming full-time class was awarded financial aid (about 251 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $4,527 |
| Institutional grants & scholarships | 22% | $2,141 |
| Federal Pell grants | 42% | $4,768 |
| State/local grants | 6% | $930 |
| Federal student loans | 24% | $4,875 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Lakeland, around 32% of undergraduates were awarded grant or scholarship aid averaging $4,027 (among about 1504 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 32% | $4,027 |
| Federal Pell grants | 23% | $3,998 |
| Federal student loans | 15% | $5,726 |
For on-campus title-IV students, average grant aid came to $4,253.
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 | $6,327 |
| $30,001 – $75,000 | $7,213 |
| Over $75,000 | $11,028 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,606 |
| Off-campus title-IV students | $7,557 |
For a personalized estimate based on your family’s financial situation, use Lakeland’s online cost calculator: lkn.lakelandcc.edu/public/calculator/netprice/npcalc.htm.
The middle student in the debt distribution at Lakeland owes $7,780 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,780 |
| Median federal debt (graduates only) | $14,751 |
| Typical 10-year monthly payment (graduates) | $156.39/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Lakeland.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,840 |
| 25th percentile | $3,500 |
| 75th percentile | $14,818 |
| 90th percentile (highest-debt students) | $26,986 |
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 | $8,403 |
| Middle income | $6,509 |
| High income | $7,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,715 |
| Continuing-generation students | $8,155 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $10,000 |
A handful of calculated indicators summarize the debt outlook at Lakeland.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Lakeland:
| Metric | Value |
|---|---|
| Stafford loan recipients | 19936 |
| Total Stafford loan amount | $264,105,198 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 54 |
| Total GI Bill amount | $136,426 |
| Average GI Bill amount per recipient | $2,526 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $10,068 |
| Average DoD amount per recipient | $1,678 |
References
More about our data sources and methodologies.