Scholarships, Grants, and Loan Trends at Great Lakes Institute of Technology

-5%

Received Percent Changed

$2,502

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 448, which is 80.00 % of all undergraduate students. 408 students which is 72.89% of undergraduate students received federal student loans and the average loan amount is $6,515.

For full-time, first-time beginning students (freshmen), 79.67% of students received grants or scholarships and 75% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Great Lakes Institute of Technology since 2014.

For that period, the average number of students who received grants aid/scholarships is 448, which is 80.00 % of all undergraduate students. 408 students which is 72.89% of undergraduate students received federal student loans and the average loan amount is $6,515.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15542 (80%)$4,181506 (75%)$3,565537 (79%)$7,341
2015-16480 (84%)$4,599431 (76%)$3,550396 (69%)$6,180
2016-17434 (76%)$6,078359 (63%)$3,492365 (64%)$6,832
2017-18450 (84%)$5,625383 (71%)$4,122398 (74%)$7,516
2018-19417 (77%)$5,011377 (69%)$4,046453 (83%)$6,030
2019-20435 (88%)$5,720356 (72%)$4,261380 (76%)$6,524
2020-21554 (89%)$4,624372 (60%)$3,797413 (67%)$5,586
2021-22365 (67%)$6,820333 (61%)$4,249360 (66%)$6,105
2022-23356 (75%)$6,683325 (68%)$4,906371 (78%)$6,519
Average448 (80.00%)$5,482382 (68.33%)$3,999408 (72.89%)$6,515
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 259 (79.67 % of students) received grants or scholarships and its average amount is $5,333. It can cover 11.72% of tuition & fees ($45,486).

In addition, 241 (75.44 % of students) students get helped from the students loans (average amount : $7,021).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15333 (82%)$4,451316 (78%)$7,484
2015-16292 (90%)$4,132243 (75%)$7,064
2016-1780 (56%)$6,00296 (67%)$8,625
2017-18295 (85%)$5,506256 (74%)$6,713
2018-19264 (77%)$5,204287 (84%)$6,397
2019-20255 (90%)$5,719231 (82%)$6,831
2020-21346 (91%)$4,874265 (70%)$6,167
2021-22245 (71%)$5,551244 (70%)$6,693
2022-23218 (75%)$6,555229 (79%)$7,219
Average259 (79.67%)$5,333241 (75.44%)$7,021
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 225 (70.11 % of students) received Pell (federal) grants and its average amount is $4,121.

In addition, 80 students received State/local government grants/scholarships (25.00 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15313 (77%)$3,615140 (35%)$15777 (19%)$3,03048 (12%)$1,990
2015-16244 (75%)$3,67376 (23%)$23159 (18%)$3,51044 (13%)$1,942
2016-1780 (56%)$4,25227 (19%)$20024 (17%)$3,69615 (10%)$3,057
2017-18258 (74%)$4,09198 (28%)$20761 (18%)$7,56740 (11%)$2,176
2018-19242 (71%)$4,129129 (38%)$149155 (45%)$1,65548 (14%)$2,060
2019-20215 (76%)$4,280202 (71%)$64390 (32%)$3,66932 (11%)$2,439
2020-21245 (65%)$3,958313 (83%)$1,07686 (23%)$3,23351 (13%)$1,996
2021-22231 (67%)$4,180124 (36%)$22186 (25%)$3,86825 (7%)$1,372
2022-23201 (70%)$4,910135 (47%)$24080 (28%)$4,33231 (11%)$2,040
Average225 (70.11%)$4,121138 (42.22%)$34780 (25.00%)$3,84037 (11.33%)$2,119
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 241 (75.44 % of students) get any students loan help and its average loan amount is $241.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15316 (78%)$7,484316 (78%)$7,27514 (3%)$4,714
2015-16243 (75%)$7,064243 (75%)$6,63617 (5%)$6,108
2016-1796 (67%)$8,62596 (67%)$7,66111 (8%)$8,414
2017-18256 (74%)$6,713256 (74%)$6,25617 (5%)$6,873
2018-19287 (84%)$6,397285 (84%)$5,92322 (6%)$6,723
2019-20231 (82%)$6,831226 (80%)$6,17718 (6%)$10,108
2020-21265 (70%)$6,167261 (69%)$5,37530 (8%)$7,717
2021-22244 (70%)$6,693235 (68%)$5,81132 (9%)$8,362
2022-23229 (79%)$7,219223 (77%)$6,07537 (13%)$8,066
Average241 (75.44%)$7,021238 (74.67%)$6,35422 (7.00%)$7,454

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