For the academic year 2022-2023, total 186 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 616 students (85% of all students) received grants or scholarships and the average grant amount is $25,220. In addition, 434 students received student loans and the average loan amount is $6,444.
Below tables show the number and amount by source of financial aid at Lake Erie College.
For all undergraduate students, total 616 students (85% of all students) received grants or scholarships and the average grant amount is $25,220. In addition, 434 students received student loans and the average loan amount is $6,444.
Below tables show the number and amount by source of financial aid at Lake Erie College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 616 | 85% | $25,220 |
| Pell Grants | 244 | 34% | $4,757 |
| Federal Student Loans | 434 | 60% | $6,444 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 186 | 100% | - |
| Grants or Scholarship from All Sources | 186 | 100% | $25,417 |
| Federal Grants | 70 | 38% | $5,124 |
| Pell Grants | 69 | 37% | $4,762 |
| Other Federal Grants | 13 | 7% | $2,317 |
| State/Local Grants | 28 | 15% | $3,462 |
| Institutional Grants | 186 | 100% | $22,968 |
| Student Loans | 137 | 74% | $7,190 |
| Federal Student Loans | 135 | 73% | $5,352 |
| Other Student Loans | 20 | 11% | $13,126 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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