Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,687, which is 49.00 % of all undergraduate students. 722 students which is 20.78% of undergraduate students received federal student loans and the average loan amount is $4,742.

For full-time, first-time beginning students (freshmen), 80.44% of students received grants or scholarships and 30% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Lake Michigan College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,687, which is 49.00 % of all undergraduate students. 722 students which is 20.78% of undergraduate students received federal student loans and the average loan amount is $4,742.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,143 (51%)$4,9091,891 (45%)$4,784921 (22%)$6,596
2014-151,983 (47%)$5,0071,694 (40%)$4,832805 (19%)$5,031
2015-161,733 (42%)$5,2281,476 (35%)$3,896654 (16%)$5,275
2016-171,646 (41%)$5,0791,414 (35%)$4,853647 (16%)$5,050
2017-181,541 (44%)$6,0981,183 (34%)$4,132498 (14%)$5,031
2018-191,298 (38%)$4,6051,070 (31%)$4,090889 (26%)$3,862
2019-201,165 (39%)$4,902956 (32%)$4,4451,113 (37%)$4,166
2020-211,305 (52%)$4,514779 (31%)$4,090456 (18%)$3,647
2021-222,366 (87%)$4,0891,006 (37%)$4,150519 (19%)$4,021
Average1,687 (49.00%)$4,9371,274 (35.56%)$4,364722 (20.78%)$4,742
*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.

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

For the last 10 years, on average, 291 (80.44 % of students) received grants or scholarships and its average amount is $5,155. It can cover 68.73% of tuition & fees ($7,500) based on out-of-state rate.

In addition, 107 (29.78 % of students) students get helped from the students loans (average amount : $4,300).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14301 (77%)$4,92184 (21%)$5,437
2014-15365 (83%)$4,855109 (25%)$4,459
2015-16351 (80%)$5,130110 (25%)$4,451
2016-17317 (75%)$5,030105 (25%)$4,429
2017-18231 (78%)$5,46053 (18%)$4,866
2018-19278 (77%)$4,644146 (41%)$3,528
2019-20228 (70%)$5,360211 (65%)$3,849
2020-21252 (87%)$4,72263 (22%)$3,556
2021-22293 (97%)$6,27280 (26%)$4,128
Average291 (80.44%)$5,155107 (29.78%)$4,300
*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, 191 (51.78 % of students) received Pell (federal) grants and its average amount is $4,967.

In addition, 70 students received State/local government grants/scholarships (19.56 % 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
2013-14232 (59%)$4,7504 (1%)$50064 (16%)$2,341187 (48%)$1,217
2014-15264 (60%)$4,8381 (0%)$50071 (16%)$2,348175 (40%)$1,873
2015-16262 (60%)$4,91410 (2%)$42590 (20%)$2,418158 (36%)$1,842
2016-17240 (57%)$4,73710 (2%)$45090 (21%)$2,408120 (29%)$1,970
2017-18166 (56%)$4,64827 (9%)$44471 (24%)$2,961130 (44%)$2,058
2018-19158 (44%)$5,18440 (11%)$48154 (15%)$2,887143 (40%)$2,075
2019-20149 (46%)$4,94533 (10%)$50061 (19%)$3,077126 (39%)$2,232
2020-21108 (37%)$5,229188 (65%)$64373 (25%)$3,170121 (42%)$2,255
2021-22143 (47%)$5,457260 (86%)$2,21660 (20%)$4,28498 (32%)$2,287
Average191 (51.78%)$4,96764 (23.25%)$68470 (19.56%)$2,877140 (38.89%)$1,979
*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, 107 (29.78 % of students) get any students loan help and its average loan amount is $107.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1484 (21%)$5,43784 (21%)$5,3971 (0%)$3,392
2014-15109 (25%)$4,459107 (24%)$4,3036 (1%)$4,266
2015-16110 (25%)$4,451109 (25%)$4,3463 (1%)$5,313
2016-17105 (25%)$4,429105 (25%)$4,3721 (0%)$6,000
2017-1853 (18%)$4,86651 (17%)$4,6962 (1%)$9,220
2018-19146 (41%)$3,528146 (41%)$3,4692 (1%)$4,235
2019-20211 (65%)$3,849211 (65%)$3,6294 (1%)$11,587
2020-2163 (22%)$3,55661 (21%)$3,3333 (1%)$6,909
2021-2280 (26%)$4,12880 (26%)$3,9161 (0%)$16,952
Average107 (29.78%)$4,300106 (29.44%)$4,1623 (1.00%)$7,542

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