Scholarships, Grants, and Loan Trends at LATI

-8%

Received Percent Changed

$2,613

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,397, which is 66.78 % of all undergraduate students. 1,415 students which is 68.56% of undergraduate students received federal student loans and the average loan amount is $5,937.

For full-time, first-time beginning students (freshmen), 71.33% of students received grants or scholarships and 85% 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 Lake Area Technical College since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,397, which is 66.78 % of all undergraduate students. 1,415 students which is 68.56% of undergraduate students received federal student loans and the average loan amount is $5,937.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,037 (63%)$3,754669 (40%)$4,0421,316 (80%)$6,368
2015-161,134 (61%)$4,478706 (38%)$3,9921,391 (75%)$6,012
2016-171,213 (59%)$4,663701 (34%)$4,0861,472 (71%)$5,892
2017-181,236 (60%)$4,952728 (35%)$4,3031,453 (71%)$6,001
2018-191,354 (60%)$5,119811 (36%)$4,3531,522 (68%)$5,902
2019-201,474 (66%)$5,081720 (32%)$4,5301,439 (65%)$5,893
2020-211,729 (78%)$4,525724 (33%)$4,3191,437 (65%)$5,848
2021-222,160 (99%)$4,418656 (30%)$4,5981,375 (63%)$5,661
2022-231,238 (55%)$6,367583 (26%)$4,7671,327 (59%)$5,854
Average1,397 (66.78%)$4,817700 (33.78%)$4,3321,415 (68.56%)$5,937
*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, 452 (71.33 % of students) received grants or scholarships and its average amount is $4,017. It can cover 59.79% of tuition & fees ($6,718) based on out-of-state rate.

In addition, 540 (85.33 % of students) students get helped from the students loans (average amount : $6,270).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15385 (59%)$3,862549 (84%)$7,154
2015-16412 (58%)$3,937597 (84%)$6,551
2016-17403 (68%)$3,485529 (89%)$5,934
2017-18444 (69%)$3,769549 (86%)$6,146
2018-19374 (59%)$4,479554 (87%)$6,163
2019-20462 (80%)$3,506503 (87%)$6,065
2020-21544 (93%)$3,347487 (84%)$6,263
2021-22701 (99%)$4,149597 (84%)$6,031
2022-23342 (57%)$5,615499 (83%)$6,124
Average452 (71.33%)$4,017540 (85.33%)$6,270
*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, 255 (40.22 % of students) received Pell (federal) grants and its average amount is $4,568.

In addition, 67 students received State/local government grants/scholarships (10.44 % 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
2014-15273 (42%)$4,24586 (13%)$47456 (9%)$2,521164 (25%)$889
2015-16301 (43%)$3,98981 (11%)$42669 (10%)$3,089155 (22%)$1,121
2016-17237 (40%)$4,18886 (14%)$44257 (10%)$4,210154 (26%)$868
2017-18274 (43%)$4,586128 (20%)$38379 (12%)$2,867160 (25%)$883
2018-19286 (45%)$4,540101 (16%)$42658 (9%)$3,688130 (21%)$921
2019-20219 (38%)$4,888375 (65%)$76852 (9%)$2,904122 (21%)$904
2020-21224 (38%)$4,696501 (86%)$71560 (10%)$2,395143 (25%)$1,868
2021-22273 (39%)$4,845687 (97%)$1,47195 (13%)$2,058158 (22%)$2,405
2022-23207 (34%)$5,133109 (18%)$35473 (12%)$2,955170 (28%)$3,549
Average255 (40.22%)$4,568239 (37.78%)$60767 (10.44%)$2,965151 (23.89%)$1,490
*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, 540 (85.33 % of students) get any students loan help and its average loan amount is $540.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15549 (84%)$7,154547 (84%)$6,25262 (10%)$8,191
2015-16597 (84%)$6,551594 (84%)$5,48475 (11%)$8,712
2016-17529 (89%)$5,934526 (88%)$5,03660 (10%)$8,170
2017-18549 (86%)$6,146549 (86%)$5,23658 (9%)$8,615
2018-19554 (87%)$6,163551 (87%)$5,07563 (10%)$9,804
2019-20503 (87%)$6,065502 (86%)$5,19550 (9%)$8,856
2020-21487 (84%)$6,263483 (83%)$5,05254 (9%)$11,292
2021-22597 (84%)$6,031597 (84%)$5,03460 (8%)$9,920
2022-23499 (83%)$6,124493 (82%)$5,10646 (8%)$11,710
Average540 (85.33%)$6,270538 (84.89%)$5,27459 (9.33%)$9,474

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