by our College Data Analytics TeamMost students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Lincoln Technical Institute - Iselin can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will Lincoln Tech - Iselin offer, and what will you qualify for? Read on for more information. Read on to discover how much school funding could be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from Lincoln Technical Institute - Iselin.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Lincoln Technical Institute - Iselin, 94% of entering full-time freshmen got some type of financial assistance roughly 505 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $4,532 |
| Institutional grants & scholarships | 69% | $1,315 |
| Federal Pell grants | 74% | $4,235 |
| State/local grants | 0% | — |
| Federal student loans | 87% | $7,275 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Lincoln Tech - Iselin, around 85% of undergraduate students received gift aid averaging $3,949 (for some 884 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $3,949 |
| Federal Pell grants | 67% | $3,850 |
| Federal student loans | 82% | $6,560 |
For students living on campus and receiving title-IV aid, grants averaged $5,022.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $39,755 |
| $30,001 – $75,000 | $40,366 |
| Over $75,000 | $42,748 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $37,819 |
| Off-campus title-IV students | $40,179 |
To project your own net price, use Lincoln Tech - Iselin’s net price tool: www.lincolntech.edu/net-price-calculator.
The middle student in the debt distribution at Lincoln Tech - Iselin owes $9,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,000 |
| Median federal debt (graduates only) | $10,521 |
| Typical 10-year monthly payment (graduates) | $111.54/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal 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 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,104 |
| Middle income | $9,000 |
| High income | $6,855 |
First-Generation Comparison
| 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 indicators are derived from the underlying debt data and summarize the overall picture at Lincoln Tech - Iselin.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at Lincoln Tech - Iselin:
| Metric | Value |
|---|---|
| Stafford loan recipients | 78719 |
| Total Stafford loan amount | $865,415,694 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $11,716 |
| Average GI Bill amount per recipient | $5,858 |
References
More about our data sources and methodologies.