How much does it cost to attend?

In State Minnesota Resident Sticker Price
$18,832
In State Costs for Lake Superior College
Fee Cost
Tuition$4,417
Books and Supplies$1,500
Other Fees$736
Estimated Off Campus Cost of Living $6,455
Other Expenses Budget$5,724
Out of State Resident Sticker Price
$23,162
Out of State Costs for Lake Superior College
Fee Cost
Tuition$8,747
Books and Supplies$1,500
Other Fees$736
Estimated Off Campus Cost of Living $6,455
Other Expenses Budget$5,724

Residents of Minnesota pay an annual total price of $18,832 to attend Lake Superior College on a full time basis. This fee is comprised of $4,417 for tuition, $1,500 for books and supplies and $736 for other fees.

Out of state residents are charged a total cost of $23,162 which is 23% higher than Minnesota residents. The tuition charge is $8,747 while books and supplies are $1,500 and other fees come in at $736.

All price data is sourced from the 2017/2018 U.S. Department of Education National Center for Education Statistics survey.

Sponsored

Net Price

Net price is indicative of what it actually costs to attend Lake Superior College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$11,470
Net Price by Income Lake Superior College
Family Income Net Price Paid
$0 to $30,000$11,017
$30,001 to $48,000$11,077
$48,001 to $75,000$12,937
$75,001 to $110,000$15,163
$110,000+$16,036

The average reported annual net price for Lake Superior College for students receiving grants or scholarship aid was $11,470 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

Finanical Aid Lake Superior College
Type Avg./Student Students Receiving
Annual Total Grant Aid $4,459 51%
Pell Grant $3,917 44%
Federal Student Loan $5,561 47%

The average reported annual net price for Lake Superior College for students receiving grants or scholarship aid was $11,470 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Lake Superior College, we've modeled a ten year student loan with an original principal value of $25,786. The loan balance of $25,786 is a two year multiple of the $12,893 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $269 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.7%.

Example Loan $25,786
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $269.24
Total Interest Paid $6,522.23
Sum of All Loan Payments $32,308.23

Projected 2 Year Degree Price

2 Year Sticker Price
$37,664
Year Minnesota Residents Non Residents
1 $18,832 $23,162
2 $20,150 $24,783

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Lake Superior College to be $37,664 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 2 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Lake Superior College
Price Per Credit 3 Credit Class 4 Credit Class
Minnesota Residents $147 $441 $588
Out of State Residents $292 $876 $1,168

Estimated cost for a class at Lake Superior College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Lake Superior College versus other colleges.

Tuition Payment Plans Available

Lake Superior College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=173461 IPEDS survey data for Lake Superior College.