by our College Data Analytics TeamMany students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Lincoln Technical Institute - Lincoln can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Lincoln Tech - Lincoln offer you, and what will you qualify for? Read on for more information. Keep scrolling to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Lincoln Technical Institute - Lincoln.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Lincoln Technical Institute - Lincoln, 93% of new full-time first-years were awarded at least some aid around 474 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $5,147 |
| Institutional grants & scholarships | 87% | $1,400 |
| Federal Pell grants | 74% | $4,450 |
| State/local grants | 0% | — |
| Federal student loans | 87% | $8,303 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 84% of undergrads got grants or scholarships worth on average $4,160 (across approximately 1007 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $4,160 |
| Federal Pell grants | 64% | $4,069 |
| Federal student loans | 79% | $7,110 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,911.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $30,062 |
| $30,001 – $75,000 | $30,792 |
| Over $75,000 | $33,668 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $27,578 |
| Off-campus title-IV students | $27,023 |
To get a personalized net price estimate, try Lincoln Tech - Lincoln’s net price calculator: www.lincolntech.edu/net-price-calculator.
The middle student in the debt distribution at Lincoln Tech - Lincoln owes $9,000 in federal loans.
| 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.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Lincoln Tech - Lincoln.
| 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 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,104 |
| Middle income | $9,000 |
| High income | $6,855 |
By First-Generation Status
| 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 |
The figure below distills the debt data into a single burden category for Lincoln Tech - Lincoln.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Lincoln Tech - Lincoln:
| Metric | Value |
|---|---|
| Stafford loan recipients | 78719 |
| Total Stafford loan amount | $865,415,694 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $44,375 |
| Average GI Bill amount per recipient | $6,339 |
References
More about our data sources and methodologies.