by our College Data Analytics TeamMany students are not billed 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 sum total of attendance at Lincoln Technical Institute - South Plainfield can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Lincoln Tech - South Plainfield offer, and what will you qualify for? Keep reading for more information. Keep going to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Lincoln Technical Institute - South Plainfield.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Lincoln Technical Institute - South Plainfield, 80% of new full-time first-years were awarded at least some aid around 202 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $4,235 |
| Institutional grants & scholarships | 52% | $1,876 |
| Federal Pell grants | 48% | $4,576 |
| State/local grants | 0% | — |
| Federal student loans | 64% | $8,775 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Lincoln Tech - South Plainfield, approximately 76% of undergraduates were awarded an average grant or scholarship of $4,048 (for some 403 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $4,048 |
| Federal Pell grants | 53% | $4,218 |
| Federal student loans | 72% | $7,421 |
For on-campus title-IV students, average grant aid came to $4,105.
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 | $28,013 |
| $30,001 – $75,000 | $27,724 |
| Over $75,000 | $32,626 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $31,575 |
| Off-campus title-IV students | $28,743 |
For a personalized estimate based on your family’s financial situation, use Lincoln Tech - South Plainfield’s online cost calculator: www.lincolntech.edu/net-price-calculator.
The middle student in the debt distribution at Lincoln Tech - South Plainfield owes $9,524 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,524 |
| Median federal debt (graduates only) | $11,730 |
| Typical 10-year monthly payment (graduates) | $124.36/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Lincoln Tech - South Plainfield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,662 |
| 75th percentile | $14,750 |
| 90th percentile (highest-debt students) | $18,250 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,832 |
| Middle income | $9,833 |
| High income | $9,192 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,645 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $12,125 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Lincoln Tech - South Plainfield.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Lincoln Tech - South Plainfield:
| Metric | Value |
|---|---|
| Stafford loan recipients | 88024 |
| Total Stafford loan amount | $1,028,525,613 |
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 | 37 |
| Total GI Bill amount | $566,970 |
| Average GI Bill amount per recipient | $15,324 |
References
More about our data sources and methodologies.