As many as 77% of the students at LLC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,311,995 in a year. One can visit LLC's financial aid page at http://www.lakelandcollege.edu/financialaid/ for more information. Notably, a total of 40% of the applicants to Lake Land College receive the Federal Grant every year. In comparison, 68% of the students are awarded the Student Grant, 41% get the Institution Grant, and 40% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,748, while the same comes to $1,262 for State Grant receivers and $2,956 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,178. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At LLC, an estimated number of 11% of the applicants choose to go for student loans.