Scholarships, Grants, and Loan Trends at Great Lakes Boat Building School

Over the past 4 years (2019-2022), the average number of students who received grants aid/scholarships is 9, which is 61.33 % of all undergraduate students. 8 students which is 40.50% of undergraduate students received federal student loans and the average loan amount is $11,977.

For full-time, first-time beginning students (freshmen), 79.00% of students received grants or scholarships and 42% of students received student loans.

School Home 2023 Financial Aid

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Great Lakes Boat Building School since 2019.

For that period, the average number of students who received grants aid/scholarships is 9, which is 61.33 % of all undergraduate students. 8 students which is 40.50% of undergraduate students received federal student loans and the average loan amount is $11,977.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2019-20	6 (75%)	$3,350	1 (13%)	$3,098	-	-
2020-21	10 (50%)	$7,280	6 (30%)	$8,742	8 (40%)	$11,609
2021-22	10 (59%)	$14,198	6 (35%)	$7,105	7 (41%)	$12,345
Average	9 (61.33%)	$8,276	4 (26.00%)	$6,315	8 (40.50%)	$11,977

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

Overview

For the last 4 years, on average, 3 (79.00 % of students) received grants or scholarships and its average amount is $5,637. It can cover 22.80% of tuition & fees ($24,717).

In addition, 3 (41.50 % of students) students get helped from the students loans (average amount : $12,600).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2019-20	2 (100%)	$1,600	-	-
2020-21	4 (80%)	$8,313	2 (40%)	$12,450
2021-22	4 (57%)	$6,997	3 (43%)	$12,750
Average	3 (79.00%)	$5,637	3 (41.50%)	$12,600

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 4 years, on average, 3 (44.50 % of students) received Pell (federal) grants and its average amount is $5,555.

In addition, 3 students received State/local government grants/scholarships (43.00 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2019-20	-	-	-	-	-	-	2 (100%)	$1,600
2020-21	3 (60%)	$8,192	-	-	-	-	3 (60%)	$2,892
2021-22	2 (29%)	$2,918	1 (14%)	$1,252	3 (43%)	$2,300	3 (43%)	$4,667
Average	3 (44.50%)	$5,555	1 (14.00%)	$1,252	3 (43.00%)	$2,300	3 (67.67%)	$3,053

^*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..

Student Loans

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 4 years, on average, 3 (41.50 % of students) get any students loan help and its average loan amount is $3.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2019-20	-	-	-	-	-	-
2020-21	2 (40%)	$12,450	2 (40%)	$12,450	-	-
2021-22	3 (43%)	$12,750	3 (43%)	$12,750	-	-
Average	3 (41.50%)	$12,600	3 (41.50%)	$12,600	-	-

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