$4,546

Avg. Federal Grant

$4,488

Avg. Federal Loan

$12,514,326

Total Aid Awarded

College of Lake County (CLC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

23%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

22%

Institution Grant Aid

11%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,546

State Grant Aid

$1,275

Institution Grant Aid

$2,414

Pell Grant

$4,457

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,343

$30,001 - $48,000

$4,637

$48,001 - $75,000

$2,462

$75,001 - $110,000

$717

Over $110,000

N/A

Student Loans for College of Lake County (CLC)

Average Loan Amount Average Loan Amount received per year.

$4,488/Year

Students Taking Out Loans

7%

Loan Default Rate

10.5%

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