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 63.47% of tuition & fees based on out-of-state rate (tuition & fees: $5,785).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid3,195 73%$11,733,190$3,672
Pell Grants895 20%$3,066,096$3,426
Federal Students Loans949 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 AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid36497%--
Grant or scholarship aid360 96%$1,274,255$3,540
Federal Grants358 95%$1,065,625$2,977
Pell Grants115 31%$431,832$3,755
Other Federal Grants354 94%$633,793$1,790
State/Local Grants135 36%$204,740$1,517
Institutional Grants3 1%$3,890$1,297
Student Loans125 33%$790,245$6,322
Federal Student Loans119 32%$609,817$5,125
Other Student Loans16 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 AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$511,332$3,026
0 - $30,00038 38$202,381$5,326
$30,001 - $48,00030 30$151,832$5,061
$48,001 - $75,00033 33$129,933$3,937
$75,001 - $110,00024 10$23,555$981
$110,001 - more44 3$3,631$83