How Lake Superior State'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 State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,568, which is 74.89 % of all undergraduate students. 1,129 students which is 53.78% of undergraduate students received federal student loans and the average loan amount is $6,805.

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	1,978 (81%)	$6,475	944 (39%)	$3,924	1,447 (60%)	$8,461
2014-15	1,649 (69%)	$8,153	941 (39%)	$4,035	1,366 (57%)	$6,905
2015-16	1,602 (71%)	$8,302	846 (38%)	$4,153	1,259 (56%)	$6,769
2016-17	1,546 (74%)	$8,559	765 (36%)	$4,113	1,207 (58%)	$6,720
2017-18	1,497 (76%)	$9,060	750 (38%)	$4,276	1,100 (56%)	$6,652
2018-19	1,500 (75%)	$9,113	719 (36%)	$4,315	1,091 (55%)	$6,286
2019-20	1,493 (75%)	$8,661	617 (31%)	$4,348	1,002 (51%)	$6,435
2020-21	1,480 (78%)	$8,931	576 (30%)	$4,459	902 (47%)	$6,345
2021-22	1,368 (75%)	$9,513	547 (30%)	$4,423	791 (44%)	$6,675
Average	1,568 (74.89%)	$8,530	745 (35.22%)	$4,227	1,129 (53.78%)	$6,805

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

Overview

For the last 10 years, on average, 342 (90.00 % of students) received grants or scholarships and its average amount is $10,184. It can cover 71.39% of tuition & fees ($14,266) based on out-of-state rate.

In addition, 223 (58.33 % of students) students get helped from the students loans (average amount : $6,653).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	343 (86%)	$9,171	239 (60%)	$5,495
2014-15	393 (87%)	$10,021	280 (62%)	$6,326
2015-16	364 (86%)	$9,830	250 (59%)	$6,167
2016-17	325 (85%)	$9,645	226 (59%)	$6,594
2017-18	331 (92%)	$11,009	206 (57%)	$6,639
2018-19	374 (91%)	$10,539	249 (61%)	$6,320
2019-20	299 (95%)	$9,807	189 (60%)	$6,734
2020-21	314 (97%)	$10,820	194 (60%)	$7,139
2021-22	331 (91%)	$10,816	170 (47%)	$8,461
Average	342 (90.00%)	$10,184	223 (58.33%)	$6,653

^*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, 150 (39.33 % of students) received Pell (federal) grants and its average amount is $4,460.

In addition, 121 students received State/local government grants/scholarships (31.44 % 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	169 (42%)	$4,207	82 (21%)	$572	144 (36%)	$5,845	309 (78%)	$5,003
2014-15	198 (44%)	$4,199	76 (17%)	$578	164 (36%)	$6,608	352 (78%)	$5,622
2015-16	164 (39%)	$4,432	53 (13%)	$373	158 (37%)	$6,430	318 (75%)	$5,710
2016-17	134 (35%)	$4,111	34 (9%)	$570	129 (34%)	$6,710	303 (79%)	$5,606
2017-18	142 (39%)	$4,607	58 (16%)	$580	123 (34%)	$7,947	314 (87%)	$6,301
2018-19	163 (40%)	$4,513	63 (15%)	$405	108 (26%)	$8,133	353 (86%)	$6,522
2019-20	130 (41%)	$4,568	157 (50%)	$709	79 (25%)	$10,333	266 (84%)	$5,304
2020-21	132 (41%)	$4,730	272 (84%)	$643	103 (32%)	$10,623	284 (88%)	$5,296
2021-22	119 (33%)	$4,776	59 (16%)	$637	85 (23%)	$10,891	304 (84%)	$6,738
Average	150 (39.33%)	$4,460	95 (26.78%)	$563	121 (31.44%)	$8,169	311 (82.11%)	$5,789

^*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, 223 (58.33 % of students) get any students loan help and its average loan amount is $223.

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	239 (60%)	$5,495	237 (60%)	$4,831	18 (5%)	$9,345
2014-15	280 (62%)	$6,326	266 (59%)	$5,256	43 (9%)	$8,677
2015-16	250 (59%)	$6,167	249 (59%)	$5,284	27 (6%)	$8,375
2016-17	226 (59%)	$6,594	225 (59%)	$5,351	30 (8%)	$9,545
2017-18	206 (57%)	$6,639	202 (56%)	$5,373	27 (8%)	$10,458
2018-19	249 (61%)	$6,320	248 (60%)	$4,762	41 (10%)	$9,575
2019-20	189 (60%)	$6,734	188 (60%)	$4,953	32 (10%)	$10,678
2020-21	194 (60%)	$7,139	192 (59%)	$4,800	31 (10%)	$14,945
2021-22	170 (47%)	$8,461	162 (45%)	$5,071	42 (12%)	$14,687
Average	223 (58.33%)	$6,653	219 (57.44%)	$5,076	32 (8.67%)	$10,698

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Scholarships, Grants, and Loan Trends at Lake Superior State

All Undergraduate Students Financial Aid Over Time

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