Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 90.00% of students received grants or scholarships and 58% 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 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,978 (81%)$6,475944 (39%)$3,9241,447 (60%)$8,461
2014-151,649 (69%)$8,153941 (39%)$4,0351,366 (57%)$6,905
2015-161,602 (71%)$8,302846 (38%)$4,1531,259 (56%)$6,769
2016-171,546 (74%)$8,559765 (36%)$4,1131,207 (58%)$6,720
2017-181,497 (76%)$9,060750 (38%)$4,2761,100 (56%)$6,652
2018-191,500 (75%)$9,113719 (36%)$4,3151,091 (55%)$6,286
2019-201,493 (75%)$8,661617 (31%)$4,3481,002 (51%)$6,435
2020-211,480 (78%)$8,931576 (30%)$4,459902 (47%)$6,345
2021-221,368 (75%)$9,513547 (30%)$4,423791 (44%)$6,675
Average1,568 (74.89%)$8,530745 (35.22%)$4,2271,129 (53.78%)$6,805
*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, 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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14343 (86%)$9,171239 (60%)$5,495
2014-15393 (87%)$10,021280 (62%)$6,326
2015-16364 (86%)$9,830250 (59%)$6,167
2016-17325 (85%)$9,645226 (59%)$6,594
2017-18331 (92%)$11,009206 (57%)$6,639
2018-19374 (91%)$10,539249 (61%)$6,320
2019-20299 (95%)$9,807189 (60%)$6,734
2020-21314 (97%)$10,820194 (60%)$7,139
2021-22331 (91%)$10,816170 (47%)$8,461
Average342 (90.00%)$10,184223 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14169 (42%)$4,20782 (21%)$572144 (36%)$5,845309 (78%)$5,003
2014-15198 (44%)$4,19976 (17%)$578164 (36%)$6,608352 (78%)$5,622
2015-16164 (39%)$4,43253 (13%)$373158 (37%)$6,430318 (75%)$5,710
2016-17134 (35%)$4,11134 (9%)$570129 (34%)$6,710303 (79%)$5,606
2017-18142 (39%)$4,60758 (16%)$580123 (34%)$7,947314 (87%)$6,301
2018-19163 (40%)$4,51363 (15%)$405108 (26%)$8,133353 (86%)$6,522
2019-20130 (41%)$4,568157 (50%)$70979 (25%)$10,333266 (84%)$5,304
2020-21132 (41%)$4,730272 (84%)$643103 (32%)$10,623284 (88%)$5,296
2021-22119 (33%)$4,77659 (16%)$63785 (23%)$10,891304 (84%)$6,738
Average150 (39.33%)$4,46095 (26.78%)$563121 (31.44%)$8,169311 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14239 (60%)$5,495237 (60%)$4,83118 (5%)$9,345
2014-15280 (62%)$6,326266 (59%)$5,25643 (9%)$8,677
2015-16250 (59%)$6,167249 (59%)$5,28427 (6%)$8,375
2016-17226 (59%)$6,594225 (59%)$5,35130 (8%)$9,545
2017-18206 (57%)$6,639202 (56%)$5,37327 (8%)$10,458
2018-19249 (61%)$6,320248 (60%)$4,76241 (10%)$9,575
2019-20189 (60%)$6,734188 (60%)$4,95332 (10%)$10,678
2020-21194 (60%)$7,139192 (59%)$4,80031 (10%)$14,945
2021-22170 (47%)$8,461162 (45%)$5,07142 (12%)$14,687
Average223 (58.33%)$6,653219 (57.44%)$5,07632 (8.67%)$10,698

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