by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Portage Lakes Career Center can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financing solutions does Portage Lakes Career Center provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Portage Lakes Career Center.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Portage Lakes Career Center, 72% of entering full-time freshmen got some type of financial assistance roughly 81 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $4,947 |
| Institutional grants & scholarships | 19% | $1,000 |
| Federal Pell grants | 58% | $5,202 |
| State/local grants | 5% | $3,600 |
| Federal student loans | 57% | $6,535 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 49% of undergraduate students received gift aid averaging $5,317 (across approximately 125 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 49% | $5,317 |
| Federal Pell grants | 41% | $5,549 |
| Federal student loans | 42% | $7,424 |
Title-IV recipients living on campus saw average grant aid of $5,477.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,525 |
| Over $75,000 | $22,575 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $21,759 |
| Off-campus title-IV students | $19,200 |
To get a personalized net price estimate, try Portage Lakes Career Center’s net price calculator: plcc.edu/wp-content/uploads/2022/10/index.html.
The median federal debt load at Portage Lakes Career Center comes to $6,333 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $8,444 |
| Typical 10-year monthly payment (graduates) | $89.52/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Portage Lakes Career Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,626 |
| 25th percentile | $3,666 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $13,721 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,896 |
| Independent students | $6,333 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Portage Lakes Career Center.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Portage Lakes Career Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1006 |
| Total Stafford loan amount | $7,246,947 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $45,853 |
| Average GI Bill amount per recipient | $9,171 |
References
More about our data sources and methodologies.