How Great Lakes Institute of Technology's Financial Aid Changes

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 Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 473, which is 80.56 % of all undergraduate students. 435 students which is 73.56% of undergraduate students received federal student loans and the average loan amount is $6,599.

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
2013-14	583 (80%)	$4,992	544 (75%)	$4,618	609 (84%)	$7,280
2014-15	542 (80%)	$4,181	506 (75%)	$3,565	537 (79%)	$7,341
2015-16	480 (84%)	$4,599	431 (76%)	$3,550	396 (69%)	$6,180
2016-17	434 (76%)	$6,078	359 (63%)	$3,492	365 (64%)	$6,832
2017-18	450 (84%)	$5,625	383 (71%)	$4,122	398 (74%)	$7,516
2018-19	417 (77%)	$5,011	377 (69%)	$4,046	453 (83%)	$6,030
2019-20	435 (88%)	$5,720	356 (72%)	$4,261	380 (76%)	$6,524
2020-21	554 (89%)	$4,624	372 (60%)	$3,797	413 (67%)	$5,586
2021-22	365 (67%)	$6,820	333 (61%)	$4,249	360 (66%)	$6,105
Average	473 (80.56%)	$5,294	407 (69.11%)	$3,967	435 (73.56%)	$6,599

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

Overview

For the last 10 years, on average, 271 (80.78 % of students) received grants or scholarships and its average amount is $5,153. It can cover 22.90% of tuition & fees ($22,500).

In addition, 253 (76.22 % of students) students get helped from the students loans (average amount : $7,065).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	329 (85%)	$4,942	336 (86%)	$7,614
2014-15	333 (82%)	$4,451	316 (78%)	$7,484
2015-16	292 (90%)	$4,132	243 (75%)	$7,064
2016-17	80 (56%)	$6,002	96 (67%)	$8,625
2017-18	295 (85%)	$5,506	256 (74%)	$6,713
2018-19	264 (77%)	$5,204	287 (84%)	$6,397
2019-20	255 (90%)	$5,719	231 (82%)	$6,831
2020-21	346 (91%)	$4,874	265 (70%)	$6,167
2021-22	245 (71%)	$5,551	244 (70%)	$6,693
Average	271 (80.78%)	$5,153	253 (76.22%)	$7,065

^*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 10 years, on average, 237 (71.00 % of students) received Pell (federal) grants and its average amount is $4,082.

In addition, 77 students received State/local government grants/scholarships (23.56 % 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
2013-14	302 (78%)	$4,559	89 (23%)	$247	58 (15%)	$2,572	47 (12%)	$1,662
2014-15	313 (77%)	$3,615	140 (35%)	$157	77 (19%)	$3,030	48 (12%)	$1,990
2015-16	244 (75%)	$3,673	76 (23%)	$231	59 (18%)	$3,510	44 (13%)	$1,942
2016-17	80 (56%)	$4,252	27 (19%)	$200	24 (17%)	$3,696	15 (10%)	$3,057
2017-18	258 (74%)	$4,091	98 (28%)	$207	61 (18%)	$7,567	40 (11%)	$2,176
2018-19	242 (71%)	$4,129	129 (38%)	$149	155 (45%)	$1,655	48 (14%)	$2,060
2019-20	215 (76%)	$4,280	202 (71%)	$643	90 (32%)	$3,669	32 (11%)	$2,439
2020-21	245 (65%)	$3,958	313 (83%)	$1,076	86 (23%)	$3,233	51 (13%)	$1,996
2021-22	231 (67%)	$4,180	124 (36%)	$221	86 (25%)	$3,868	25 (7%)	$1,372
Average	237 (71.00%)	$4,082	133 (39.56%)	$348	77 (23.56%)	$3,644	39 (11.44%)	$2,077

^*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 10 years, on average, 253 (76.22 % of students) get any students loan help and its average loan amount is $253.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	336 (86%)	$7,614	336 (86%)	$7,383	11 (3%)	$7,035
2014-15	316 (78%)	$7,484	316 (78%)	$7,275	14 (3%)	$4,714
2015-16	243 (75%)	$7,064	243 (75%)	$6,636	17 (5%)	$6,108
2016-17	96 (67%)	$8,625	96 (67%)	$7,661	11 (8%)	$8,414
2017-18	256 (74%)	$6,713	256 (74%)	$6,256	17 (5%)	$6,873
2018-19	287 (84%)	$6,397	285 (84%)	$5,923	22 (6%)	$6,723
2019-20	231 (82%)	$6,831	226 (80%)	$6,177	18 (6%)	$10,108
2020-21	265 (70%)	$6,167	261 (69%)	$5,375	30 (8%)	$7,717
2021-22	244 (70%)	$6,693	235 (68%)	$5,811	32 (9%)	$8,362
Average	253 (76.22%)	$7,065	250 (75.67%)	$6,500	19 (5.89%)	$7,339

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

All Undergraduate Students Financial Aid Over Time

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