by our College Data Analytics TeamHere you will find what students actually borrow to attend Lincoln Technical Institute - Iselin— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at Lincoln Tech - Iselin, 87% of incoming undergraduates borrow in year one, at roughly $7,275 each, across private and federal loan sources.
The average federally funded loan is $7,275. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Lincoln Tech - Iselin (freshmen included), 82% use federal student loans to help pay for their education, averaging $6,560 per year. That amounts to 9.8% smaller than the $7,275 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $13,120 after two years and $26,240 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 82% |
| Average federal loan per year | $6,560 |
| Undergraduates with a federal loan | 859 |
| Total federal loans (one year) | $5,635,097 |
Graduating and withdrawing students at Lincoln Tech - Iselin carry a median federal debt of $9,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,000 |
| Students who completed (graduates) | $10,521 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Lincoln Tech - Iselin.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,907 |
| 25th percentile | $6,178 |
| 75th percentile | $11,811 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Lincoln Tech - Iselin.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Lincoln Tech - Iselin.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1039 | $6,856 |
| Completed (graduates) | 698 | $7,624 |
| Did not complete | 341 | $5,380 |
On a standard 10-year plan, the median completing borrower would pay about $90.66/mo.
Federal data lets us separate Stafford borrowers from the rest at Lincoln Tech - Iselin.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1008 | $6,994 |
| No Stafford loan | 31 | $2,763 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 964 | $6,918 |
| No Stafford loan this year | 75 | $5,968 |
These figures turn the debt totals into a monthly repayment picture for Lincoln Tech - Iselin.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Lincoln Tech - Iselin follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.1% |
| Borrowers in the cohort | 4290 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,104 |
| Middle income | $9,000 |
| High income | $6,855 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $9,130 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,583 |
| Independent students | $10,117 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Lincoln Tech - Iselin.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Important to Remember
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.