Scholarships, Grants, and Loan Trends at Lake Land

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 2,041, which is 42.78 % of all undergraduate students. 440 students which is 8.78% of undergraduate students received federal student loans and the average loan amount is $3,309.
For full-time, first-time beginning students (freshmen), 71.00% of students received grants or scholarships and 13% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Lake Land College since 2013.
For that period, the average number of students who received grants aid/scholarships is 2,041, which is 42.78 % of all undergraduate students. 440 students which is 8.78% of undergraduate students received federal student loans and the average loan amount is $3,309.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,279 (36%)$4,1781,768 (28%)$3,737718 (11%)$3,052
2014-152,213 (40%)$4,1411,634 (29%)$3,776601 (11%)$3,255
2015-162,087 (40%)$3,9461,455 (28%)$3,643443 (8%)$2,434
2016-171,977 (39%)$4,4101,294 (25%)$3,782479 (9%)$3,301
2017-182,173 (44%)$4,2701,525 (31%)$3,839495 (10%)$3,170
2018-191,922 (42%)$4,6431,286 (28%)$4,178409 (9%)$3,208
2019-201,984 (44%)$4,1051,264 (28%)$4,293342 (8%)$3,413
2020-211,712 (44%)$4,056961 (25%)$4,420262 (7%)$3,672
2021-222,026 (56%)$3,705868 (24%)$4,412209 (6%)$4,278
Average2,041 (42.78%)$4,1621,339 (27.33%)$4,009440 (8.78%)$3,309

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

For the last 10 years, on average, 574 (71.00 % of students) received grants or scholarships and its average amount is $4,863. It can cover 34.97% of tuition & fees ($13,906) based on out-of-state rate.
In addition, 106 (12.67 % of students) students get helped from the students loans (average amount : $3,450).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14577 (63%)$4,682166 (18%)$2,959
2014-15501 (65%)$4,758145 (19%)$3,224
2015-16745 (83%)$4,017153 (17%)$2,462
2016-17571 (66%)$4,90696 (11%)$3,308
2017-18592 (66%)$4,809102 (11%)$3,348
2018-19511 (68%)$5,04482 (11%)$3,497
2019-20585 (73%)$4,90184 (10%)$3,669
2020-21492 (68%)$4,92174 (10%)$3,872
2021-22591 (87%)$5,72550 (7%)$4,711
Average574 (71.00%)$4,863106 (12.67%)$3,450
*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, 346 (42.11 % of students) received Pell (federal) grants and its average amount is $4,517.
In addition, 185 students received State/local government grants/scholarships (23.00 % 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
2013-14443 (49%)$4,14835 (4%)$211210 (23%)$1,269222 (24%)$2,658
2014-15371 (48%)$4,35439 (5%)$205145 (19%)$1,389194 (25%)$2,881
2015-16457 (51%)$4,061107 (12%)$185183 (20%)$858364 (41%)$2,637
2016-17328 (38%)$4,23582 (10%)$308173 (20%)$1,191444 (52%)$2,660
2017-18372 (41%)$4,54765 (7%)$215171 (19%)$1,274328 (36%)$2,816
2018-19305 (40%)$4,70359 (8%)$230164 (22%)$1,262312 (41%)$2,956
2019-20355 (44%)$4,73126 (3%)$262242 (30%)$1,358276 (34%)$3,087
2020-21253 (35%)$4,92177 (11%)$584197 (27%)$1,330266 (37%)$3,267
2021-22227 (33%)$4,953562 (82%)$2,052182 (27%)$1,434246 (36%)$3,435
Average346 (42.11%)$4,517117 (15.78%)$472185 (23.00%)$1,263295 (36.22%)$2,933
*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, 106 (12.67 % of students) get any students loan help and its average loan amount is $106.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14166 (18%)$2,959166 (18%)$2,959--
2014-15145 (19%)$3,224145 (19%)$3,224--
2015-16153 (17%)$2,462146 (16%)$2,08914 (2%)$5,122
2016-1796 (11%)$3,30892 (11%)$3,1785 (1%)$5,039
2017-18102 (11%)$3,34897 (11%)$3,2486 (1%)$4,414
2018-1982 (11%)$3,49778 (10%)$3,2906 (1%)$5,015
2019-2084 (10%)$3,66979 (10%)$3,2849 (1%)$5,417
2020-2174 (10%)$3,87266 (9%)$3,64211 (2%)$4,197
2021-2250 (7%)$4,71143 (6%)$4,22510 (1%)$5,387
Average106 (12.67%)$3,450101 (12.22%)$3,2389 (1.29%)$4,942
Most Searched Illinois Colleges (last 30 days)
Related Articles and Ads