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 price tag of going to Lakes Region Community College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does Lakes Region Community College offer you, and what will you qualify for? Keep scrolling for more information. Scroll down to learn just how much financial aid will 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. Use the information below to understand how much financial assistance you may get from Lakes Region Community 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.
For incoming first-year students at Lakes Region Community College, 87% of new full-time first-years were awarded at least some aid around 83 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $7,266 |
| Institutional grants & scholarships | 26% | $674 |
| Federal Pell grants | 52% | $6,065 |
| State/local grants | 58% | $2,971 |
| Federal student loans | 42% | $5,122 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, some 66% of undergraduates were awarded an average grant or scholarship of $5,034 (for some 460 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $5,034 |
| Federal Pell grants | 27% | $6,403 |
| Federal student loans | 27% | $5,968 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,370.
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 | $18,285 |
| $30,001 – $75,000 | $22,877 |
| Over $75,000 | $22,877 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $13,124 |
| Off-campus title-IV students | $19,607 |
To get a personalized net price estimate, try Lakes Region Community College’s net price tool: www.lrcc.edu/paying-for-lrcc/financial-aid-at-lrcc/financial-aid-forms/.
Graduating students at Lakes Region Community College carry a median federal student debt of $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $18,525 |
| Typical 10-year monthly payment (graduates) | $196.4/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Lakes Region Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,500 |
| 25th percentile | $4,583 |
| 75th percentile | $15,834 |
| 90th percentile (highest-debt students) | $26,250 |
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 | $9,500 |
| Middle income | $9,500 |
| High income | $7,663 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $7,775 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,100 |
| Independent students | $12,334 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Lakes Region Community College.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Lakes Region Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3797 |
| Total Stafford loan amount | $47,625,076 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 24 |
| Total GI Bill amount | $109,797 |
| Average GI Bill amount per recipient | $4,575 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.