College of Lake County (CLC) Financial Aid and Scholarships
Students Receiving Aid
23%
Total Aid Amount
$12.514M
Financial Aid Official Website
www.clcillinois.edu/paying-for-college/financial-aid
As many as 46% of the students at CLC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,797,747 in a year. More information regarding the financial assistance schemes can be accessed on CLC’s official financial aid page at http://www.clcillinois.edu/paying-for-college/financial-aid. Notably, a total of 35% of the applicants to College of Lake County receive the Federal Grant every year. On the other hand, 43% of the candidates get the Student Grant, 12% receive the Institution Grant, and 35% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,556, the State Grant receivers and Institution Grant beneficiaries get $1,779 and $2,248, respectively. And, for the Pell Grant awardees, the average aid amount is $3,322. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 3% of the applicants to College of Lake County opt for student loans.
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