Financial Aid at Lake Superior State
Financial Aid Amount Received
$9,513 (66.68% of tuition)
Percent of Financial Aid Received
75% of 1,655 students
1,368 undergraduate students (75% of all students) have received grants, scholarships, and/or federal student loans at Lake Superior State University. The percentage of students who received financial aid higher compared to Public, 4-Years Colleges in Michigan.
Compared to similar schools in rankings such as Adrian College and Alma College, the percentage of students who received financial aid is higher (the average of the schools is 86.50%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $9,513 and the average loan amount is $6,675. The average financial aid amount is 66.68% of tuition & fees based on out-of-state rate (tuition & fees: $14,266).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 1,368 | 75% | $13,013,785 | $9,513 |
| Pell Grants | 547 | 30% | $2,419,614 | $4,423 |
| Federal Students Loans | 791 | 44% | $5,280,031 | $6,675 |
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), 331 students have received one or more types of financial aid at Lake Superior State University.
The average amount of federal, state, local or institutional grant aid is $10,816 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,461.
The following table shows the financial data by type of aid at Lake Superior State University.
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 | 342 | 94% | - | - |
| Grant or scholarship aid | 331 | 91% | $3,580,064 | $10,816 |
| Federal Grants | 127 | 35% | $605,870 | $4,771 |
| Pell Grants | 119 | 33% | $568,300 | $4,776 |
| Other Federal Grants | 59 | 16% | $37,570 | $637 |
| State/Local Grants | 85 | 23% | $925,767 | $10,891 |
| Institutional Grants | 304 | 84% | $2,048,427 | $6,738 |
| Student Loans | 170 | 47% | $1,438,340 | $8,461 |
| Federal Student Loans | 162 | 45% | $821,487 | $5,071 |
| Other Student Loans | 42 | 12% | $616,853 | $14,687 |
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 State University.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $2,394,296 | $10,883 |
| 0 - $30,000 | 60 | 60 | $1,031,741 | $17,196 |
| $30,001 - $48,000 | 29 | 29 | $380,339 | $13,115 |
| $48,001 - $75,000 | 32 | 32 | $427,881 | $13,371 |
| $75,001 - $110,000 | 38 | 36 | $266,962 | $7,025 |
| $110,001 - more | 61 | 54 | $287,373 | $4,711 |
Number of Students by Living Arrangement (Freshmen)
At Lake Superior State University, 225 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 15 students live off-campus. In addition, 63 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 225 |
| Living Off-Campus | 15 |
| Living with Family | 63 |
| Un-known | 28 |