by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
What financial aid options does LCCC offer, and what will you qualify for? Keep scrolling for answers.
Lorain County Community College average financial aid offer for freshmen students is $4,464.00. About 82% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Lorain County Community College you could end up dealing with.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers listed below make reference to help that is offered by Lorain County Community College.
44% of new students (379 total) were given scholarships at Lorain County Community College, averaging $2,435.00 per student. This puts it in the bottom 50th percentile among colleges and universities nationwide.
In addition to scholarships, 50% of first-year students (432 total) got federal grant aid, averaging $4,617.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 27.23% | $5,575.00 |
| Income 30k-48k | 12.17% | $4,971.00 |
| Income 48k-75k | 8.81% | $3,825.00 |
| Income 75k-110k | 1.51% | $1,594.00 |
| Income 110k + | 0.58% | $703.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
82% of the 863 undergraduates at Lorain County Community College receive some sort of grant aid. This is a total of about 669 students getting an average of $4,464.00 per person.Most of them are distributed as Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
