univstats

LMC Financial Aid

Number Received Financial Aid (All Undergraduate) 2,366
Percent Received Financial Aid(All Undergraduate) 87%
Average Aid Amount $4,089
Number Received Financial Aid (Freshmen) 294
Percent Received Financial Aid (Freshmen) 97%

Financial Aid Information at LMC

For the academic year 2021-2022, a total of 2,366 students (87% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $4,089. For freshmen (Full-time, first-time degree-seeking undergraduate students), 294 students (97% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Lake Michigan College is $7,500, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 2,366 students (87% of all students) have received grants or scholarships and the average received aid amount is $4,089. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Lake Michigan College for all undergraduate students.
Undergraduate Student Financial Aid at Lake Michigan College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid2,36687%$4,089
Pell Grants1,00637%$4,150
Federal Student Loans51919%$4,021

Beginning Students Financial Aid

a total of 294 beginning students (97% of all freshmen) have received any financial aid and 293 students (97% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Lake Michigan College.
Beginning Students (Freshmen) Financial Aid at Lake Michigan College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid29497%-
Grants or Scholarship from All Sources29397%$6,272
Federal Grants28594%$4,760
Pell Grants14347%$5,457
Other Federal Grants26086%$2,216
State/Local Grants6020%$4,284
Institutional Grants9832%$2,287
Student Loans8026%$4,128
Federal Student Loans8026%$3,916
Other Student Loans10%$16,952

Students Headcount by Living Status

For academic year 2021-2022, total 185 full-time beginning students have enrolled and attended Lake Michigan College. Among them, 86 students have lived on campus and 34 students lived off campus (without family). The following table shows the students count by living status and years.
Student Headcount by Living Location/Setting at Lake Michigan College
Living Status201920202021
Living On-Campus776686
Living Off-Campus with Family979460
Living Off-Campus without Family443634

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2021-2022 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
Grants of Scholarship Aid Statistics By Income Level at Lake Michigan College
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level145113$1,007,225$6,946
$0 - $30,0005555$527,356$9,588
$30,001 - $48,0003215$220,461$6,889
$48,001 - $75,0002918$148,772$5,130
$75,001 - $110,0001110$46,438$4,222
$110,001 or more1815$64,198$3,567