OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Lake Superior State University Financial Aid and Scholarships 2022

Lake Superior State University, which is located in Sault Sainte Marie, MI is a public university. Lake Superior State University was founded in the year 1946. The motto of the Lake Superior State University is Believe in Blue, Redefining the Classroom and its official colors are blue & gold. At Lake Superior State University, the total enrolment stands at 1,984. The school has a total of 115 full-time academic staff. These faculty teach different courses to the students. At Lake Superior Sta

Lake Superior State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$13.563M

Financial Aid Official Website

www.lssu.edu/financial-aid/

Such schemes include Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship. It is interesting to note that, every year, around 96% of students at LSSU receive some kind of financial aid, while the total amount of assistance/loans provided is $6,858,366. One can visit LSSU's financial aid page at http://www.lssu.edu/financial-aid/ for more information. At LSSU, the total percentage of applicants who receive the Federal Grant stands at 40%. In comparison, 91% of the students are awarded the Student Grant, 86% get the Institution Grant, and 40% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,670, and the same stands at $8,133 for State Grant awardees and $6,522 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,315. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 61% of the applicants to Lake Superior State University opt for student loans.

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