$4,895

Avg. Federal Grant

$3,368

Avg. Federal Loan

$23,106,990

Total Aid Awarded

Lane Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$23.107M

Financial Aid Official Website

https://www.lanecc.edu/finaid

Notably, 98% of the students at Lane Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $9,195,500. One can visit LCC's financial aid page at https://www.lanecc.edu/finaid for more information. The total percentage of candidates applying to Lane Community College who receive the Federal Grant is 61%. Meanwhile, 90% of the applicants receive the Student Grant and 16% are awarded the Institution Grant, while 59% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,895, while the same comes to $3,249 for State Grant receivers and $2,254 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,775. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 37% of the applicants to Lane Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

67%

Institution Grant Aid

16%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$4,895

State Grant Aid

$3,249

Institution Grant Aid

$2,254

Pell Grant

$5,081

The understudies also receive honors in terms of grants that may be institutional, state, or federal grants.

  • The federal grant aid provided to the students is about 61% that sums up to $4,895.

  • Also, students receive the state grant aid up to $3,249 which contributes to about 67%.

  • About 16% Institutional grant aid is provided whose sum is equal to $2,254.

  • As per the data, the pell grant is 59% that makes up to $5,081.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,468

$30,001 - $48,000

$5,171

$48,001 - $75,000

$3,710

$75,001 - $110,000

N/A

Over $110,000

N/A

It also provides the students with financial aid according to their family income. The procedure for providing financial aid based on family income is as follows:

  • For the student with a family income of less than $30,000, the average aid provided per year is $6,468.

  • A slightly less amount is provided to the income between $30,001 to $48,000 which is equal to $5,171.

  • Further, for the income from $48001 to $75000, the aid is reduced to $3,710.

Student Loans for Lane Community College

Average Loan Amount Average Loan Amount received per year.

$3,425/Year

Students Taking Out Loans

25%

Loan Default Rate

19.2%

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