$5,205

Avg. Federal Grant

$5,125

Avg. Federal Loan

$3,130,653

Total Aid Awarded

Lamar Community College (LCC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$3.131M

Financial Aid Official Website

https://www.lamarcc.edu/admission/paying-for-college/financial-aid/

It is interesting to note that, every year, around 94% of students at LCC receive some kind of financial aid, while the total amount of assistance/loans provided is $816,683. The total percentage of candidates applying to Lamar Community College who receive the Federal Grant is 59%. On the other hand, 91% of the candidates get the Student Grant, 68% receive the Institution Grant, and 59% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,209, while the same comes to $2,238 for State Grant receivers and $3,331 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,188. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 45% of the applicants to Lamar Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

45%

Institution Grant Aid

57%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$5,205

State Grant Aid

$2,498

Institution Grant Aid

$3,759

Pell Grant

$5,129

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,588

$30,001 - $48,000

$8,276

$48,001 - $75,000

$5,311

$75,001 - $110,000

$2,222

Over $110,000

$750

Student Loans for Lamar Community College (LCC)

Average Loan Amount Average Loan Amount received per year.

$5,471/Year

Students Taking Out Loans

33%

Loan Default Rate

19.6%