For the academic year 2022-2023, total 294 full-time, first-time students (97% 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 2,366 students (87% of all students) received grants or scholarships and the average grant amount is $4,089. In addition, 519 students received student loans and the average loan amount is $4,021.
Below tables show the number and amount by source of financial aid at Lake Michigan College.
For all undergraduate students, total 2,366 students (87% of all students) received grants or scholarships and the average grant amount is $4,089. In addition, 519 students received student loans and the average loan amount is $4,021.
Below tables show the number and amount by source of financial aid at Lake Michigan College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 2,366 | 87% | $4,089 |
| Pell Grants | 1,006 | 37% | $4,150 |
| Federal Student Loans | 519 | 19% | $4,021 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 294 | 97% | - |
| Grants or Scholarship from All Sources | 293 | 97% | $6,272 |
| Federal Grants | 285 | 94% | $4,760 |
| Pell Grants | 143 | 47% | $5,457 |
| Other Federal Grants | 260 | 86% | $2,216 |
| State/Local Grants | 60 | 20% | $4,284 |
| Institutional Grants | 98 | 32% | $2,287 |
| Student Loans | 80 | 26% | $4,128 |
| Federal Student Loans | 80 | 26% | $3,916 |
| Other Student Loans | 1 | 0% | $16,952 |
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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