How LATI'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 Lake Area Technical College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,377, which is 68.22 % of all undergraduate students. 1,410 students which is 71.11% of undergraduate students received federal student loans and the average loan amount is $5,894.

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	1,055 (68%)	$2,959	664 (43%)	$3,997	1,282 (82%)	$5,470
2014-15	1,037 (63%)	$3,754	669 (40%)	$4,042	1,316 (80%)	$6,368
2015-16	1,134 (61%)	$4,478	706 (38%)	$3,992	1,391 (75%)	$6,012
2016-17	1,213 (59%)	$4,663	701 (34%)	$4,086	1,472 (71%)	$5,892
2017-18	1,236 (60%)	$4,952	728 (35%)	$4,303	1,453 (71%)	$6,001
2018-19	1,354 (60%)	$5,119	811 (36%)	$4,353	1,522 (68%)	$5,902
2019-20	1,474 (66%)	$5,081	720 (32%)	$4,530	1,439 (65%)	$5,893
2020-21	1,729 (78%)	$4,525	724 (33%)	$4,319	1,437 (65%)	$5,848
2021-22	2,160 (99%)	$4,418	656 (30%)	$4,598	1,375 (63%)	$5,661
Average	1,377 (68.22%)	$4,439	709 (35.67%)	$4,247	1,410 (71.11%)	$5,894

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

Overview

For the last 10 years, on average, 461 (72.11 % of students) received grants or scholarships and its average amount is $3,828. It can cover 56.98% of tuition & fees ($6,718) based on out-of-state rate.

In addition, 548 (85.67 % of students) students get helped from the students loans (average amount : $6,360).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	421 (64%)	$3,919	567 (86%)	$6,930
2014-15	385 (59%)	$3,862	549 (84%)	$7,154
2015-16	412 (58%)	$3,937	597 (84%)	$6,551
2016-17	403 (68%)	$3,485	529 (89%)	$5,934
2017-18	444 (69%)	$3,769	549 (86%)	$6,146
2018-19	374 (59%)	$4,479	554 (87%)	$6,163
2019-20	462 (80%)	$3,506	503 (87%)	$6,065
2020-21	544 (93%)	$3,347	487 (84%)	$6,263
2021-22	701 (99%)	$4,149	597 (84%)	$6,031
Average	461 (72.11%)	$3,828	548 (85.67%)	$6,360

^*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, 264 (41.33 % of students) received Pell (federal) grants and its average amount is $4,463.

In addition, 65 students received State/local government grants/scholarships (10.11 % 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	288 (44%)	$4,192	112 (17%)	$478	58 (9%)	$3,288	194 (30%)	$1,023
2014-15	273 (42%)	$4,245	86 (13%)	$474	56 (9%)	$2,521	164 (25%)	$889
2015-16	301 (43%)	$3,989	81 (11%)	$426	69 (10%)	$3,089	155 (22%)	$1,121
2016-17	237 (40%)	$4,188	86 (14%)	$442	57 (10%)	$4,210	154 (26%)	$868
2017-18	274 (43%)	$4,586	128 (20%)	$383	79 (12%)	$2,867	160 (25%)	$883
2018-19	286 (45%)	$4,540	101 (16%)	$426	58 (9%)	$3,688	130 (21%)	$921
2019-20	219 (38%)	$4,888	375 (65%)	$768	52 (9%)	$2,904	122 (21%)	$904
2020-21	224 (38%)	$4,696	501 (86%)	$715	60 (10%)	$2,395	143 (25%)	$1,868
2021-22	273 (39%)	$4,845	687 (97%)	$1,471	95 (13%)	$2,058	158 (22%)	$2,405
Average	264 (41.33%)	$4,463	240 (37.67%)	$620	65 (10.11%)	$3,002	153 (24.11%)	$1,209

^*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, 548 (85.67 % of students) get any students loan help and its average loan amount is $548.

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	567 (86%)	$6,930	565 (86%)	$6,071	63 (10%)	$7,927
2014-15	549 (84%)	$7,154	547 (84%)	$6,252	62 (10%)	$8,191
2015-16	597 (84%)	$6,551	594 (84%)	$5,484	75 (11%)	$8,712
2016-17	529 (89%)	$5,934	526 (88%)	$5,036	60 (10%)	$8,170
2017-18	549 (86%)	$6,146	549 (86%)	$5,236	58 (9%)	$8,615
2018-19	554 (87%)	$6,163	551 (87%)	$5,075	63 (10%)	$9,804
2019-20	503 (87%)	$6,065	502 (86%)	$5,195	50 (9%)	$8,856
2020-21	487 (84%)	$6,263	483 (83%)	$5,052	54 (9%)	$11,292
2021-22	597 (84%)	$6,031	597 (84%)	$5,034	60 (8%)	$9,920
Average	548 (85.67%)	$6,360	546 (85.33%)	$5,382	61 (9.56%)	$9,054

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Scholarships, Grants, and Loan Trends at LATI

All Undergraduate Students Financial Aid Over Time

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