How LSC'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 Superior College since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,549, which is 51.56 % of all undergraduate students. 1,597 students which is 31.89% of undergraduate students received federal student loans and the average loan amount is $6,329.

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	2,764 (51%)	$3,570	2,119 (39%)	$3,364	2,386 (44%)	$6,841
2014-15	2,608 (51%)	$3,559	1,875 (37%)	$3,285	2,178 (43%)	$6,787
2015-16	2,263 (47%)	$3,600	1,483 (31%)	$3,336	1,843 (38%)	$6,422
2016-17	2,123 (44%)	$3,736	1,364 (28%)	$3,345	1,636 (34%)	$6,717
2017-18	2,162 (43%)	$3,669	1,277 (25%)	$3,341	1,528 (30%)	$6,042
2018-19	2,202 (42%)	$3,812	1,243 (24%)	$3,366	1,420 (27%)	$5,910
2019-20	2,790 (53%)	$3,147	1,138 (22%)	$3,393	1,359 (26%)	$5,820
2020-21	2,838 (60%)	$3,167	977 (21%)	$3,407	1,078 (23%)	$6,080
2021-22	3,195 (73%)	$3,672	895 (20%)	$3,426	949 (22%)	$6,342
Average	2,549 (51.56%)	$3,548	1,375 (27.44%)	$3,363	1,597 (31.89%)	$6,329

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

Overview

For the last 10 years, on average, 267 (65.00 % of students) received grants or scholarships and its average amount is $3,884. It can cover 67.13% of tuition & fees ($5,785) based on out-of-state rate.

In addition, 184 (44.78 % of students) students get helped from the students loans (average amount : $6,145).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	268 (61%)	$4,348	255 (58%)	$6,311
2014-15	201 (52%)	$4,069	228 (60%)	$6,093
2015-16	178 (51%)	$4,173	172 (49%)	$5,809
2016-17	206 (51%)	$4,459	191 (47%)	$6,002
2017-18	209 (48%)	$4,127	199 (45%)	$5,919
2018-19	231 (52%)	$4,488	172 (39%)	$5,717
2019-20	403 (89%)	$2,742	191 (42%)	$5,940
2020-21	343 (85%)	$3,006	119 (30%)	$7,189
2021-22	360 (96%)	$3,540	125 (33%)	$6,322
Average	267 (65.00%)	$3,884	184 (44.78%)	$6,145

^*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, 172 (42.00 % of students) received Pell (federal) grants and its average amount is $4,010.

In addition, 159 students received State/local government grants/scholarships (38.44 % 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	242 (55%)	$4,214	6 (1%)	$712	172 (39%)	$822	-	-
2014-15	182 (48%)	$3,839	4 (1%)	$750	131 (34%)	$887	-	-
2015-16	151 (43%)	$4,038	17 (5%)	$788	134 (38%)	$892	-	-
2016-17	177 (44%)	$3,917	21 (5%)	$686	157 (39%)	$1,343	-	-
2017-18	174 (40%)	$3,895	18 (4%)	$644	163 (37%)	$1,055	1 (0%)	$1,242
2018-19	189 (43%)	$4,200	28 (6%)	$743	196 (44%)	$1,120	1 (0%)	$2,583
2019-20	180 (40%)	$4,014	346 (76%)	$431	188 (41%)	$1,216	3 (1%)	$1,498
2020-21	136 (34%)	$4,219	313 (78%)	$728	154 (38%)	$1,466	2 (0%)	$1,834
2021-22	115 (31%)	$3,755	354 (94%)	$1,790	135 (36%)	$1,517	3 (1%)	$1,297
Average	172 (42.00%)	$4,010	123 (30.00%)	$808	159 (38.44%)	$1,146	2 (1.00%)	$1,691

^*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, 184 (44.78 % of students) get any students loan help and its average loan amount is $184.

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	255 (58%)	$6,311	253 (57%)	$5,990	14 (3%)	$6,708
2014-15	228 (60%)	$6,093	228 (60%)	$5,731	11 (3%)	$7,510
2015-16	172 (49%)	$5,809	165 (47%)	$5,277	16 (5%)	$8,032
2016-17	191 (47%)	$6,002	189 (47%)	$5,561	17 (4%)	$5,610
2017-18	199 (45%)	$5,919	195 (45%)	$4,956	16 (4%)	$13,213
2018-19	172 (39%)	$5,717	168 (38%)	$4,987	14 (3%)	$10,391
2019-20	191 (42%)	$5,940	188 (41%)	$4,828	19 (4%)	$11,942
2020-21	119 (30%)	$7,189	117 (29%)	$5,124	14 (3%)	$18,285
2021-22	125 (33%)	$6,322	119 (32%)	$5,125	16 (4%)	$11,277
Average	184 (44.78%)	$6,145	180 (44.00%)	$5,287	15 (3.67%)	$10,330

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Scholarships, Grants, and Loan Trends at LSC

All Undergraduate Students Financial Aid Over Time

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