1,224 students (42% of total 2,904 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at Lake Michigan College (LMC). The average amount of the aid awarded is $6,176.
For the first-time, full-time beginning students (freshmen), 92% of total 361 enrolled students have received any kind of financial aid and its average amount of aid received is $7,803.
At Lake Michigan College, 1,224 undergraduate students (42% of total 2,904 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $6,176.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Grant or Scholarship | 1,224 | 42% | $7,559,736 | $6,176 |
| Pell Grants | 763 | 26% | $3,529,010 | $4,625 |
| Federal Student Loan | 374 | 13% | $1,614,474 | $4,317 |
333 beginning undergraduate students (92% of total 361 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at Lake Michigan College. The average amount of aid received is $7,803.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Any Financial Aid | 333 | 92% | - | - |
| Grants or Scholarships | 333 | 92% | $2,598,243 | $7,803 |
| Federal Grants | 197 | 55% | $1,154,995 | $5,863 |
| Pell Grants | 196 | 54% | $1,113,250 | $5,680 |
| Other Federal Grants | 98 | 27% | $41,745 | $426 |
| State/Local Grants | 184 | 51% | $705,562 | $3,835 |
| Institutional Grants | 200 | 55% | $737,686 | $3,688 |
| Student Loan Aid | 78 | 22% | $330,536 | $4,238 |
| Federal Student Loans | 74 | 20% | $290,140 | $3,921 |
| Other Student Loans | 4 | 1% | $40,396 | $10,099 |
The following table shows the number of students awarded and the average grants / scholarship aid amount by income level for the academic year 2023-2024 at Lake Michigan College.
The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.
| Income Level | Number of Students | Number of Students Awarded | Total Amount Aid Awarded | Average Amount Aid Awarded |
|---|---|---|---|---|
| All level | 113 | 104 | $742,783 | $6,573 |
| 0-30,000 | 54 | 53 | $488,954 | $9,055 |
| 30,001-48,000 | 18 | 18 | $126,484 | $7,027 |
| 48,001-75,000 | 20 | 19 | $84,567 | $4,228 |
| 75,001-110,000 | 7 | 5 | $19,754 | $2,822 |
| 110,001 or more | 14 | 9 | $23,024 | $1,645 |
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