$3,961

Avg. Federal Grant

$4,956

Avg. Federal Loan

$7,931,564

Total Aid Awarded

Lake Superior College (LSC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

43%

Total Aid Amount Average Total Aid Awarded per year.

$7.932M

Financial Aid Official Website

www.lsc.edu/financial-aid/

Notably, 77% of the students at Lake Superior College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,391,604. At LSC, the total percentage of applicants who receive the Federal Grant stands at 43%. Meanwhile, 52% of the applicants receive the Student Grant, while 43% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,366. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Lake Superior College, the percentage of candidates who opt to avail of student loans is around 39%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

37%

Institution Grant Aid

N/A

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$3,961

State Grant Aid

$1,055

Institution Grant Aid

$1,242

Pell Grant

$3,895

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,125

$30,001 - $48,000

$4,254

$48,001 - $75,000

$2,680

$75,001 - $110,000

$673

Over $110,000

$58

Student Loans for Lake Superior College (LSC)

Average Loan Amount Average Loan Amount received per year.

$5,919/Year

Students Taking Out Loans

45%

Loan Default Rate

11.7%

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