Scholarships, Grants, and Loan Trends at Lawrence Technological

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,529, which is 66.33 % of all undergraduate students. 971 students which is 42.11% of undergraduate students received federal student loans and the average loan amount is $7,181.
For full-time, first-time beginning students (freshmen), 94.33% of students received grants or scholarships and 61% 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 Lawrence Technological University since 2013.
For that period, the average number of students who received grants aid/scholarships is 1,529, which is 66.33 % of all undergraduate students. 971 students which is 42.11% of undergraduate students received federal student loans and the average loan amount is $7,181.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,468 (48%)$12,505513 (17%)$4,256959 (32%)$7,650
2014-151,418 (51%)$13,302483 (17%)$4,401849 (30%)$7,551
2015-161,464 (69%)$14,030477 (22%)$4,209936 (44%)$7,394
2016-171,546 (71%)$15,146475 (22%)$4,412975 (45%)$7,188
2017-181,552 (71%)$14,502512 (23%)$4,8211,032 (47%)$7,025
2018-191,557 (72%)$14,579478 (22%)$4,6871,026 (47%)$6,867
2019-201,567 (73%)$15,355461 (22%)$4,876993 (46%)$7,056
2020-211,544 (72%)$16,264441 (21%)$4,961982 (46%)$7,034
2021-221,642 (70%)$17,629441 (19%)$5,247990 (42%)$6,868
Average1,529 (66.33%)$14,812476 (20.56%)$4,652971 (42.11%)$7,181

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

For the last 10 years, on average, 348 (94.33 % of students) received grants or scholarships and its average amount is $16,775. It can cover 40.06% of tuition & fees ($41,872).
In addition, 224 (60.67 % of students) students get helped from the students loans (average amount : $8,646).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14305 (86%)$15,392196 (56%)$7,515
2014-15307 (93%)$16,686178 (54%)$7,555
2015-16315 (93%)$15,799206 (61%)$7,374
2016-17345 (94%)$17,291210 (57%)$7,149
2017-18344 (96%)$15,552245 (68%)$8,993
2018-19358 (95%)$15,257257 (68%)$10,877
2019-20339 (96%)$16,635213 (60%)$9,495
2020-21359 (98%)$18,705227 (62%)$10,044
2021-22462 (98%)$19,658280 (60%)$8,814
Average348 (94.33%)$16,775224 (60.67%)$8,646
*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, 99 (26.89 % of students) received Pell (federal) grants and its average amount is $4,559.
In addition, 167 students received State/local government grants/scholarships (45.00 % 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
2013-1486 (24%)$4,01529 (8%)$983161 (46%)$1,648291 (82%)$13,937
2014-15101 (31%)$4,53051 (16%)$984131 (40%)$2,019288 (88%)$15,105
2015-1693 (27%)$4,10835 (10%)$926144 (42%)$2,004300 (88%)$14,245
2016-1787 (24%)$4,44224 (7%)$958160 (44%)$2,062335 (92%)$15,600
2017-18101 (28%)$4,61526 (7%)$911164 (46%)$2,063317 (89%)$14,264
2018-19108 (29%)$4,40438 (10%)$895151 (40%)$2,553324 (86%)$14,095
2019-20102 (29%)$4,85141 (12%)$939167 (47%)$2,965312 (88%)$14,778
2020-21100 (27%)$5,08243 (12%)$942189 (51%)$3,097349 (95%)$15,992
2021-22110 (23%)$4,98722 (5%)$932232 (49%)$3,083459 (98%)$16,988
Average99 (26.89%)$4,55934 (9.67%)$941167 (45.00%)$2,388331 (89.56%)$15,000
*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, 224 (60.67 % of students) get any students loan help and its average loan amount is $224.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14196 (56%)$7,515196 (56%)$6,02120 (6%)$14,641
2014-15178 (54%)$7,555175 (53%)$6,43712 (4%)$18,196
2015-16206 (61%)$7,374196 (58%)$5,85124 (7%)$15,515
2016-17210 (57%)$7,149204 (56%)$5,50629 (8%)$13,041
2017-18245 (68%)$8,993239 (67%)$5,54552 (15%)$16,883
2018-19257 (68%)$10,877250 (66%)$5,53075 (20%)$18,839
2019-20213 (60%)$9,495210 (59%)$5,46346 (13%)$19,029
2020-21227 (62%)$10,044221 (60%)$5,42056 (15%)$19,324
2021-22280 (60%)$8,814268 (57%)$5,29056 (12%)$18,754
Average224 (60.67%)$8,646218 (59.11%)$5,67441 (11.11%)$17,136
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