$4,715

Avg. Federal Grant

$5,043

Avg. Federal Loan

$12,988,161

Total Aid Awarded

Lakeland University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$12.988M

Financial Aid Official Website

lakeland.edu/Academics/financial-aid

Lakeland University (LU), Plymouth, Wisconsin, is committed to providing exceptional value at a manageable cost. Each student comes to college with a different set of financial circumstances. We consider every possible funding source to address your unique situation and fill in any gaps with a range of grants, loans, scholarships, and other financial aid solutions.

The main requirement for financial aid is to fill the FAFSA form using the Lakeland University FAFSA code 003854. 

Lakeland University has provided aid to 64% of the students and the total aid amount received by the student is $12,988,161.

Types of Financial aid provided by the university are:

  •  Federal Pell Grant: A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.

  • Federal Supplemental Educational Opportunity Grant: The Federal Supplemental Educational Opportunity Grant is designed to provide additional assistance to students. To be eligible, a student must complete the FAFSA, have the lowest EFC possible and be enrolled full time. Funding for the SEOG grant is limited, so apply as soon as possible.

  • Loans

    • Subsidized: for students with demonstrated financial need, as determined by federal regulations. No interest is charged while a student is in school at least half-time, and during deferment periods.

    • Unsubsidized: not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.

    • PLUS: unsubsidized loans for the parents of dependent students.  PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.

  • Federal Work-Study: Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.

  • State Aid includes Hearing and Visually Handicapped Student Grant, Indian Student Assistance Grant, Minority Undergraduate Retention Grant, Talent Incentive Program Grant, and Wisconsin Grant.

  • Institutional Aid includes Col. Yong Chue Yang Scholarship, Kenneth Ertman Memorial Book Scholarship, Lakeland University Service and Leadership Scholarships, and Honors Program Scholarship. 

To know more about types of financial aid available visit the official website. 

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

32%

Institution Grant Aid

100%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$4,715

State Grant Aid

$3,111

Institution Grant Aid

$15,944

Pell Grant

$4,413

As stated above, we see that the students are receiving aid in the form of Institutional grant is maximum which contributes to an average amount of $15,944 and this amount is received by 100% of the students.

Pell Grants are received by 47% but the average amount received in the form of pell grants is $4,413. Whereas Federal Grants' average aid amount received by the student is $4,715 and 47% of the student is receiving this benefit.

University also provides Institutional grants to the students which are received by all the students that are 100% and the average aid amount received is $15,944.

State also provides assistance to the students in the form of state grants with an average amount granted is $3,111 and are benefitted to about 32% of the students.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,482

$30,001 - $48,000

$22,853

$48,001 - $75,000

$20,455

$75,001 - $110,000

$18,281

Over $110,000

$14,631

As we all know the fact that the whose income is less will requires more financial help. Here also happens the same. The financial aid is provided based on family income and the family income with less income is provided maximum financial aid and as the income of the family increases the financial aid amount decreases. 

If the family income is between $0 to $30,000 average aid amount provided is $23,482. Further when the income increases to $30,001 to $48,000  the aid amount reduce to $22,853.

An aid amount of $20,455 is received by the income bracket between $48,001 to $75,000.

Similarly, if the income is between $75,001 to $110,000 the aid amount is further reduced to $18,281 and it is minimum if the earning is more than $110,000 which is $14,631.

Student Loans for Lakeland University

Average Loan Amount Average Loan Amount received per year.

$6,421/Year

Students Taking Out Loans

99%

Loan Default Rate

7.3%

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