Financial Aid at LSC
Financial Aid Amount Received
$3,672 (63.46% of tuition)
Percent of Financial Aid Received
73% of 3,849 students
3,195 undergraduate students (73% of all students) have received grants, scholarships, and/or federal student loans at Lake Superior College. The percentage of students who received financial aid much higher compared to Public, 2-4 Years Colleges in Minnesota.
Compared to similar schools in rankings such as Alexandria Technical & Community College and Northwest Technical College, the percentage of students who received financial aid is much higher (the average of the schools is 55.40%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $3,672 and the average loan amount is $6,342. The average financial aid amount is 63.46% of tuition & fees based on out-of-state rate (tuition & fees: $5,786).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 3,195 | 73% | $11,733,190 | $3,672 |
| Pell Grants | 895 | 20% | $3,066,096 | $3,426 |
| Federal Students Loans | 949 | 22% | $6,018,859 | $6,342 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 360 students have received one or more types of financial aid at Lake Superior College.
The average amount of federal, state, local or institutional grant aid is $3,540 and the average amount of student loans awarded to full-time first-time undergraduate students is $6,322.
The following table shows the financial data by type of aid at Lake Superior College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 364 | 97% | - | - |
| Grant or scholarship aid | 360 | 96% | $1,274,255 | $3,540 |
| Federal Grants | 358 | 95% | $1,065,625 | $2,977 |
| Pell Grants | 115 | 31% | $431,832 | $3,755 |
| Other Federal Grants | 354 | 94% | $633,793 | $1,790 |
| State/Local Grants | 135 | 36% | $204,740 | $1,517 |
| Institutional Grants | 3 | 1% | $3,890 | $1,297 |
| Student Loans | 125 | 33% | $790,245 | $6,322 |
| Federal Student Loans | 119 | 32% | $609,817 | $5,125 |
| Other Student Loans | 16 | 4% | $180,428 | $11,277 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Lake Superior College.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $511,332 | $3,026 |
| 0 - $30,000 | 38 | 38 | $202,381 | $5,326 |
| $30,001 - $48,000 | 30 | 30 | $151,832 | $5,061 |
| $48,001 - $75,000 | 33 | 33 | $129,933 | $3,937 |
| $75,001 - $110,000 | 24 | 10 | $23,555 | $981 |
| $110,001 - more | 44 | 3 | $3,631 | $83 |