by our College Data Analytics TeamThe majority of students will not be asked to pay 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 sum total of attendance at Lakeshore Technical College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will LTC offer, and what will you qualify for? Read on for more information. Scroll down to find out 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 Lakeshore Technical College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Lakeshore Technical College, 69% of the incoming full-time class was awarded financial aid approximately 59 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $4,692 |
| Institutional grants & scholarships | 16% | $894 |
| Federal Pell grants | 43% | $4,355 |
| State/local grants | 49% | $1,579 |
| Federal student loans | 23% | $3,353 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At LTC, roughly 28% of undergraduates were awarded an average grant or scholarship of $4,428 (across roughly 826 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 28% | $4,428 |
| Federal Pell grants | 21% | $3,628 |
| Federal student loans | 12% | $3,350 |
Title-IV recipients living on campus saw average grant aid of $4,946.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,991 |
| $30,001 – $75,000 | $8,089 |
| Over $75,000 | $13,432 |
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 | $9,653 |
| Off-campus title-IV students | $8,579 |
For a personalized estimate based on your family’s financial situation, use LTC’s net price calculator: gotoltc.edu/financial-aid/student-consumer-information/net-price-calculator.
A typical borrower at LTC leaves with $5,250 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,250 |
| Median federal debt (graduates only) | $7,000 |
| Typical 10-year monthly payment (graduates) | $74.21/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. These percentiles trace how cumulative federal debt is spread among borrowers at LTC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,209 |
| 75th percentile | $9,250 |
| 90th percentile (highest-debt students) | $15,839 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,250 |
| Middle income | $5,162 |
| High income | $5,116 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,057 |
| Continuing-generation students | $5,487 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,023 |
| Independent students | $5,750 |
The figure below distills the debt data into a single burden category for LTC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at LTC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5504 |
| Total Stafford loan amount | $43,652,382 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 38 |
| Total GI Bill amount | $95,139 |
| Average GI Bill amount per recipient | $2,504 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,408 |
| Average DoD amount per recipient | $1,408 |
References
More about our data sources and methodologies.