$4,072

Avg. Federal Grant

$4,912

Avg. Federal Loan

$6,197,653

Total Aid Awarded

Laguna College of Art and Design (LCAD) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$6.198M

Financial Aid Official Website

N/A

Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. Interestingly, almost all of the students at LCAD receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $2,692,068 in a year. For additional information about financial assistance schemes, one can head over to LCAD’s financial aid page at https://www.lcad.edu/admissions/tuition-financial-aid/financial-aid. The total percentage of candidates applying to Laguna College of Art and Design who receive the Federal Grant is 30%. On the other hand, 100% of the candidates get the Student Grant, 98% receive the Institution Grant, and 30% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,477, and the same stands at $8,015 for State Grant awardees and $8,173 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,332. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $11,403 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $10,272 and $7,523, respectively. On the other hand, the average federal aid stands at $7,250 for those with an annual family income between $75,001 and $110,000, and at $7,779 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Laguna College of Art and Design, the percentage of candidates who opt to avail of student loans is around 47%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

30%

State Grant Aid

16%

Institution Grant Aid

98%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$4,072

State Grant Aid

$6,715

Institution Grant Aid

$7,493

Pell Grant

$4,441

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,422

$30,001 - $48,000

$11,002

$48,001 - $75,000

$11,822

$75,001 - $110,000

$11,954

Over $110,000

$8,302

Student Loans for Laguna College of Art and Design (LCAD)

Average Loan Amount Average Loan Amount received per year.

$5,262/Year

Students Taking Out Loans

53%

Loan Default Rate

3.9%