$4,533

Avg. Federal Grant

$4,898

Avg. Federal Loan

$2,153,902

Total Aid Awarded

Lake Region State College (LRSC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

25%

Total Aid Amount Average Total Aid Awarded per year.

$2.154M

Financial Aid Official Website

www.lrsc.edu

Such schemes include North Dakota Scholars Scholarship and Western Undergraduate Exchange. It is interesting to note that, every year, around 90% of students at LRSC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,102,341. One can visit LRSC's financial aid page at http://www.lrsc.edu for more information. At LRSC, the total percentage of applicants who receive the Federal Grant stands at 40%. Meanwhile, 84% of the applicants receive the Student Grant and 67% are awarded the Institution Grant, while 40% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,303, and the same stands at $1,905 for State Grant awardees and $2,185 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,733. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 47% of the applicants to Lake Region State College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

41%

Institution Grant Aid

68%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,533

State Grant Aid

$1,868

Institution Grant Aid

$1,644

Pell Grant

$4,437

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,394

$30,001 - $48,000

$6,397

$48,001 - $75,000

$3,347

$75,001 - $110,000

$1,737

Over $110,000

$1,105

Student Loans for Lake Region State College (LRSC)

Average Loan Amount Average Loan Amount received per year.

$5,836/Year

Students Taking Out Loans

52%

Loan Default Rate

12.7%

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