$4,170

Avg. Federal Grant

$3,230

Avg. Federal Loan

$3,883,129

Total Aid Awarded

Lakeshore Technical College (LTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

33%

Total Aid Amount Average Total Aid Awarded per year.

$3.883M

Financial Aid Official Website

gotoltc.edu/financial-aid/index.html

Notably, 72% of the students at Lakeshore Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,281,977. Notably, a total of 52% of the applicants to Lakeshore Technical College receive the Federal Grant every year. Meanwhile, 66% 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 $4,263, and the same stands at $915 for State Grant awardees and $1,809 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,478. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At LTC, an estimated number of 39% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

34%

Institution Grant Aid

11%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$4,170

State Grant Aid

$949

Institution Grant Aid

$1,800

Pell Grant

$4,065

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,334

$30,001 - $48,000

$2,998

$48,001 - $75,000

$2,460

$75,001 - $110,000

$68

Over $110,000

N/A

Student Loans for Lakeshore Technical College (LTC)

Average Loan Amount Average Loan Amount received per year.

$3,230/Year

Students Taking Out Loans

45%

Loan Default Rate

10.3%

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