$4,033

Avg. Federal Grant

$4,754

Avg. Federal Loan

$16,794,759

Total Aid Awarded

Lakeland Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

38%

Total Aid Amount Average Total Aid Awarded per year.

$16.795M

Financial Aid Official Website

lakelandcc.edu/web/about/financial-aid-departments

Students can avail of scholarships provided by the college, such as Educational Assistance Commitment Grant, James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, and Minority Journalism Scholarship, if they find educational expenses to be on the higher side. As many as 74% of the students at LCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,416,717 in a year. More information regarding the financial assistance schemes can be accessed on LCC’s official financial aid page at http://lakelandcc.edu/web/about/financial-aid-departments. Notably, a total of 52% of the applicants to Lakeland Community College receive the Federal Grant every year. Meanwhile, 64% of the applicants receive the Student Grant and 21% are awarded the Institution Grant, while 52% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,301, and the same stands at $2,088 for State Grant awardees and $1,837 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,526. 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 30% of the applicants to Lakeland Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

4%

Institution Grant Aid

11%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,033

State Grant Aid

$2,858

Institution Grant Aid

$1,979

Pell Grant

$4,002

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,421

$30,001 - $48,000

$4,138

$48,001 - $75,000

$2,442

$75,001 - $110,000

$1,350

Over $110,000

$206

Student Loans for Lakeland Community College

Average Loan Amount Average Loan Amount received per year.

$4,694/Year

Students Taking Out Loans

28%

Loan Default Rate

14.8%

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