by our College Data Analytics TeamMany students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Lincoln Technical Institute - New Britain can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Lincoln Tech - New Britain offer you, and what will you qualify for? Keep reading for more information. Read on to see just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Lincoln Technical Institute - New Britain.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Lincoln Technical Institute - New Britain, 96% of new full-time first-years were awarded at least some aid approximately 502 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $4,578 |
| Institutional grants & scholarships | 61% | $1,428 |
| Federal Pell grants | 75% | $4,403 |
| State/local grants | 0% | — |
| Federal student loans | 88% | $8,249 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Lincoln Tech - New Britain, roughly 84% of the undergraduate population received grant aid that averaged $4,160 (across approximately 1128 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $4,160 |
| Federal Pell grants | 66% | $4,171 |
| Federal student loans | 83% | $7,606 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,840.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $29,302 |
| $30,001 – $75,000 | $30,617 |
| Over $75,000 | $32,263 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $33,240 |
| Off-campus title-IV students | $33,100 |
For a customized cost estimate, visit Lincoln Tech - New Britain’s net price tool: www.lincolntech.edu/net-price-calculator.
The middle student in the debt distribution at Lincoln Tech - New Britain owes $9,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $11,250 |
| Typical 10-year monthly payment (graduates) | $119.27/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Lincoln Tech - New Britain.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $16,000 |
| 90th percentile (highest-debt students) | $19,504 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,878 |
| Middle income | $9,500 |
| High income | $8,967 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $11,250 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Lincoln Tech - New Britain.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at Lincoln Tech - New Britain:
| Metric | Value |
|---|---|
| Stafford loan recipients | 62354 |
| Total Stafford loan amount | $709,880,602 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $254,591 |
| Average GI Bill amount per recipient | $13,400 |
References
More about our data sources and methodologies.