by our College Data Analytics TeamThis page focuses on the debt students take on to attend Lincoln Technical Institute - Union— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Lincoln Tech - Union specifically, 81% of new students use loans toward freshman-year expenses, averaging $9,119 each — a figure that counts both private and federal student loans.
Federal loans alone average $9,119. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Lincoln Tech - Union, 73% finance part of their studies with federal loans, averaging $8,130 per year. This works out to 10.8% smaller than the $9,119 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $16,260 by year two and around $32,520 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 | 73% |
| Average federal loan per year | $8,130 |
| Undergraduates with a federal loan | 1,872 |
| Total federal loans (one year) | $15,219,171 |
The middle borrower at Lincoln Tech - Union owes $9,524 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,524 |
| Students who completed (graduates) | $11,730 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Lincoln Tech - Union.
| 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 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Lincoln Tech - Union.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Lincoln Tech - Union.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 3310 | $13,336 |
| Completed (graduates) | 2311 | $15,166 |
| Did not complete | 999 | $8,262 |
On a standard 10-year plan, the median completing borrower would pay about $180.34/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Lincoln Tech - Union.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 3125 | $13,716 |
| No Stafford loan | 185 | $3,785 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 3060 | $13,767 |
| No Stafford loan this year | 250 | $4,344 |
The indicators below describe what the typical debt costs to pay back at Lincoln Tech - Union.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Lincoln Tech - Union is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.5% |
| Borrowers in the cohort | 5253 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,832 |
| Middle income | $9,833 |
| High income | $9,192 |
First-Generation Comparison
| 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 the following gap measures for Lincoln Tech - Union.
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.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.