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.
Discover the financial aid possibilities at Northeast Lakeview College and learn what assistance you might qualify for by continuing to read.
$4,473.00 is the typical Northeast Lakeview College’s first year financial aid package. Financial aid is provided to about 60% of first-year students, with the bulk of support coming in the form of loans.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Northeast Lakeview College.
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 next numbers refer to grants and scholarships mainly supplied by the college itself.
12% of new students (95 total) were offered scholarships at Northeast Lakeview College, averaging $2,302.00 per person. This puts it in the bottom 50th percentile among colleges and universities nationwide.
As well as scholarships, 31% of freshmen (248 total) obtained a federal grant, for about $4,837.00 a piece.
Amount of Financial Assistance Per Income Level
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.47% | $5,811.00 |
| Income 30k-48k | 6.98% | $5,174.00 |
| Income 48k-75k | 3.99% | $3,848.00 |
| Income 75k-110k | 0.62% | $1,439.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 802 undergraduate students at Northeast Lakeview College around 60% (461 total) receive some form of grant aid. The typical amount awarded was $4,473.00.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.