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 Lansing Community College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial aid solutions can LCC provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Lansing Community 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 freshmen starting at Lansing Community College, 73% of the incoming full-time class was awarded financial aid some 730 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $6,958 |
| Institutional grants & scholarships | 35% | $1,710 |
| Federal Pell grants | 38% | $5,277 |
| State/local grants | 50% | $3,518 |
| Federal student loans | 18% | $4,718 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at LCC, roughly 45% of undergraduate students received gift aid averaging $5,173 (across approximately 4142 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $5,173 |
| Federal Pell grants | 28% | $3,938 |
| Federal student loans | 17% | $5,264 |
Title-IV recipients living on campus saw average grant aid of $7,576.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,692 |
| $30,001 – $75,000 | $3,570 |
| Over $75,000 | $8,559 |
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 | $5,437 |
| Off-campus title-IV students | $4,003 |
To get a personalized net price estimate, try LCC’s official net price calculator: www.lcc.edu/admissions-financial-aid/tuition-and-costs/net-price-calculator.html.
The median student at LCC graduates with $5,613 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,613 |
| Median federal debt (graduates only) | $12,700 |
| Typical 10-year monthly payment (graduates) | $134.64/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at LCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,600 |
| 25th percentile | $2,800 |
| 75th percentile | $13,559 |
| 90th percentile (highest-debt students) | $25,149 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,880 |
| Middle income | $5,610 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,724 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,375 |
| Independent students | $7,125 |
The figure below distills the debt data into a single burden category for LCC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at LCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 44602 |
| Total Stafford loan amount | $579,041,005 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 125 |
| Total GI Bill amount | $612,965 |
| Average GI Bill amount per recipient | $4,904 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 25 |
| Total DoD amount | $38,813 |
| Average DoD amount per recipient | $1,553 |
References
More about our data sources and methodologies.