$3,790

Avg. Federal Grant

$6,722

Avg. Federal Loan

$7,311,009

Total Aid Awarded

Lee College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$7.311M

Financial Aid Official Website

www.lee.edu/financialaid/

Notably, 56% of the students at Lee College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,648,514. At LC, the total percentage of applicants who receive the Federal Grant stands at 53%. Meanwhile, 56% of the applicants receive the Student Grant and 18% are awarded the Institution Grant, while 39% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $2,934, the State Grant receivers and Institution Grant beneficiaries get $1,547 and $1,931, respectively. And, for the Pell Grant awardees, the average aid amount is $2,651. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At LC, an estimated number of 6% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

21%

Institution Grant Aid

26%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$3,790

State Grant Aid

$1,587

Institution Grant Aid

$1,744

Pell Grant

$4,136

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,243

$30,001 - $48,000

$5,737

$48,001 - $75,000

$4,091

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Lee College

Average Loan Amount Average Loan Amount received per year.

$6,722/Year

Students Taking Out Loans

3%

Loan Default Rate

6.5%

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