$5,025

Avg. Federal Grant

$4,408

Avg. Federal Loan

$1,764,670

Total Aid Awarded

Northeast Lakeview College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

16%

Total Aid Amount Average Total Aid Awarded per year.

$1.765M

Financial Aid Official Website

N/A

As many as 66% of the students at NLC get some sort of financial aid, and the total amount of assistance/loans provided is more than $959,721 in a year. At NLC, the total percentage of applicants who receive the Federal Grant stands at 32%. On the other hand, 66% of the candidates get the Student Grant, 17% receive the Institution Grant, and 32% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,133, and the same stands at $1,038 for State Grant awardees and $1,171 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,297. 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 5% of the applicants to Northeast Lakeview College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

13%

State Grant Aid

18%

Institution Grant Aid

5%

Pell Grant

13%

Average Aid Awarded

Federal Grant Aid

$5,025

State Grant Aid

$717

Institution Grant Aid

$2,462

Pell Grant

$5,025

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,903

$30,001 - $48,000

$3,792

$48,001 - $75,000

$2,267

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Northeast Lakeview College

Average Loan Amount Average Loan Amount received per year.

$4,408/Year

Students Taking Out Loans

2%

Loan Default Rate

10.5%

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