by our College Data Analytics TeamThe majority of 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 Lane College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Lane College offer you, and what will you qualify for? Keep reading for more information. Read on 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. The figures below will help you estimate the aid you might receive from Lane College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Lane College, 94% of new full-time first-years were awarded at least some aid roughly 220 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $11,689 |
| Institutional grants & scholarships | 38% | $6,901 |
| Federal Pell grants | 82% | $3,526 |
| State/local grants | 43% | $6,074 |
| Federal student loans | 69% | $10,681 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, some 94% of the undergraduate population received grant aid that averaged $11,608 (among about 769 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $11,608 |
| Federal Pell grants | 79% | $3,378 |
| Federal student loans | 67% | $3,745 |
Title-IV recipients living on campus saw average grant aid of $12,537.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,494 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $10,904 |
| Off-campus title-IV students | $14,494 |
To project your own net price, use Lane College’s NPC: www.lanecollege.edu/financial-aid-tuition/net-price-calculator.
Graduating students at Lane College carry a median federal student debt of $16,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,750 |
| Median federal debt (graduates only) | $30,500 |
| Typical 10-year monthly payment (graduates) | $323.35/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Lane College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,700 |
| 25th percentile | $6,000 |
| 75th percentile | $35,000 |
| 90th percentile (highest-debt students) | $45,897 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $17,750 |
| Middle income | $13,125 |
| High income | $16,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,000 |
| Continuing-generation students | $19,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,500 |
| Independent students | $17,682 |
These indicators are derived from the underlying debt data and summarize the overall picture at Lane College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Lane College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11529 |
| Total Stafford loan amount | $237,264,920 |
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 | 0 |
| Total GI Bill amount | $0 |
References
More about our data sources and methodologies.