by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Lincoln Technical Institute - Shelton, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Lincoln Tech - Shelton specifically, 84% of first-year students take on loan debt, for an average of $7,728 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,728. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Lincoln Tech - Shelton, 79% take out federal student loans, at an average of $6,865 per year. This is 11.2% smaller than the $7,728 freshmen take on.
At a steady annual pace, that totals around $13,730 in two years and roughly $27,460 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 79% |
| Average federal loan per year | $6,865 |
| Undergraduates with a federal loan | 1,038 |
| Total federal loans (one year) | $7,125,397 |
The median student at Lincoln Tech - Shelton borrows $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $11,250 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Lincoln Tech - Shelton.
| 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 |
How wide this percentile range is tells you how much borrowing varies across students at Lincoln Tech - Shelton.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Lincoln Tech - Shelton.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1412 | $10,396 |
| Completed (graduates) | 938 | $12,456 |
| Did not complete | 474 | $7,163 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $148.12/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Lincoln Tech - Shelton.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1323 | $10,761 |
| No Stafford loan | 89 | $5,254 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 1277 | $10,869 |
| No Stafford loan this year | 135 | $6,102 |
The indicators below describe what the typical debt costs to pay back at Lincoln Tech - Shelton.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Lincoln Tech - Shelton appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.2% |
| Borrowers in the cohort | 4294 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,878 |
| Middle income | $9,500 |
| High income | $8,967 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $11,250 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Lincoln Tech - Shelton.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Worth Knowing
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.