by our College Data Analytics TeamA large number of 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 - Shelton can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Lincoln Tech - Shelton provide, and just what are you going to be eligible for? Read on for answers. Keep going to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Lincoln Technical Institute - Shelton.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Lincoln Technical Institute - Shelton, 94% of entering full-time freshmen got some type of financial assistance around 464 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $4,191 |
| Institutional grants & scholarships | 66% | $1,374 |
| Federal Pell grants | 66% | $4,298 |
| State/local grants | 0% | — |
| Federal student loans | 84% | $7,728 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Lincoln Tech - Shelton, roughly 83% of undergraduate students received gift aid averaging $3,869 (covering around 1089 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $3,869 |
| Federal Pell grants | 61% | $3,973 |
| Federal student loans | 79% | $6,865 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,020.
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 | $35,055 |
| $30,001 – $75,000 | $35,687 |
| Over $75,000 | $37,656 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $38,521 |
| Off-campus title-IV students | $38,463 |
To get a personalized net price estimate, try Lincoln Tech - Shelton’s official net price calculator: www.lincolntech.edu/net-price-calculator.
Graduating students at Lincoln Tech - Shelton carry a median federal student debt of $9,500 of federal student 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.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at 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 much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,878 |
| Middle income | $9,500 |
| High income | $8,967 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $11,250 |
These indicators are derived from the underlying debt data and summarize the overall picture at Lincoln Tech - Shelton.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Lincoln Tech - Shelton:
| 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 recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 23 |
| Total GI Bill amount | $277,985 |
| Average GI Bill amount per recipient | $12,086 |
References
More about our data sources and methodologies.