In 2021, tuition for full-time students at Lake-Sumter State College was $3,292 a year for in-state students and $13,276 a year for out-of-state students.
On average, colleges raise tuition about 3% each year.
If these numbers sound impossible, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe much less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make theprice of collegefeel more doable until you're done with college.
Lake-Sumter State College is a public, state institution, which means it offers a reduced tuition rate of $3,292 for students who qualify as state residents and attend full-time.
Public colleges and universities receive funding from the state government. These institutions offer reduced tuition for students who are residents of that state.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to check your state's criteria for as an in-state resident. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements as well, depending on where you live.
Explore other Florida colleges
Lake Sumter State College has the same tuition for international students as for those from out of state.
International students are not eligible for loans or grants from the U.S. government, but may qualify for private or school-specific aid and scholarships.
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Lake Sumter State College.
Lake Sumter State College does not provide on-campus housing for students, so there are no charge for dorms, however students should consider other housing costs when looking at the actual cost of different colleges.
Board costs vary based on on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be optional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges offer resources so that those with financial need to find ways to lower or eliminate these costs.
The total cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these questions can drastically impact your estimated cost of transportation.
Where are a college is located can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city is usually pricey, but there may be more trains, busses and low-cost flight options to actually get to school. Lake-Sumter State Collegeis in a suburban setting in Florida, near Orlando.
When you're planning for college, be sure to leave some room in your budget for the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of what is really costs to go to Lake Sumter State College.
What will the cost of attending Lake Sumter State College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
In 2022, 420 of the 4,760 undergrads enrolled received financial aid.
The average financial aid package for a full-time, first-year student is around $2,839 a year.
|Most Common Loans for Lake Sumter State College Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Lake Sumter State College financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Lake Sumter State College awarded 420 need-based scholarships to students, giving away total of $2.2 million to help students with financial need cover the cost of school. An additional $1.06 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Lake Sumter State College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Lake Sumter State College was $2,839 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lake Sumter State College seem more manageable.
|Estimated Net Cost for Full-Time Students|
|Net In-state, Off-campus||$6,255|
What will attending Lake Sumter State College really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Lake Sumter State College's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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