by our College Data Analytics TeamThe majority of students are not billed 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 price tag of going to Lorain County Community College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial assistance solutions will LCCC deliver, and just what are you going to be eligible for? Read on for answers. Keep going to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Lorain County Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Lorain County Community College, 86% of first-year full-time students received aid of some kind approximately 554 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $5,189 |
| Institutional grants & scholarships | 51% | $2,784 |
| Federal Pell grants | 47% | $5,641 |
| State/local grants | 7% | $1,819 |
| Federal student loans | 5% | $4,786 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, roughly 81% of undergraduate students received gift aid averaging $2,819 (across roughly 7652 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $2,819 |
| Federal Pell grants | 26% | $4,179 |
| Federal student loans | 7% | $6,828 |
For on-campus title-IV students, average grant aid came to $5,893.
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 | $3,772 |
| $30,001 – $75,000 | $5,331 |
| Over $75,000 | $7,515 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $3,967 |
| Off-campus title-IV students | $4,598 |
For a personalized estimate based on your family’s financial situation, use LCCC’s official net price calculator: apps.lorainccc.edu/netprice.
The median federal debt load at LCCC comes to $8,917 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $8,917 |
| Median federal debt (graduates only) | $13,680 |
| Typical 10-year monthly payment (graduates) | $145.03/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at LCCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,523 |
| 25th percentile | $2,750 |
| 75th percentile | $13,200 |
| 90th percentile (highest-debt students) | $23,602 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,013 |
| Middle income | $9,155 |
| High income | $8,303 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,990 |
| Continuing-generation students | $8,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,550 |
| Independent students | $10,322 |
A handful of calculated indicators summarize the debt outlook at LCCC.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at LCCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16801 |
| Total Stafford loan amount | $209,874,915 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 92 |
| Total GI Bill amount | $262,121 |
| Average GI Bill amount per recipient | $2,849 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $6,023 |
| Average DoD amount per recipient | $1,205 |
References
More about our data sources and methodologies.