by our College Data Analytics TeamA lot of 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 - Union can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financing solutions does Lincoln Tech - Union deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to learn what amount of financial assistance will be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Lincoln Technical Institute - Union.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Lincoln Technical Institute - Union, 92% of first-time, full-time freshmen received some form of financial aid some 1275 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $4,795 |
| Institutional grants & scholarships | 53% | $1,547 |
| Federal Pell grants | 69% | $4,612 |
| State/local grants | 0% | — |
| Federal student loans | 81% | $9,119 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Lincoln Tech - Union, roughly 73% of the undergraduate population received grant aid that averaged $4,415 (across approximately 1881 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $4,415 |
| Federal Pell grants | 56% | $4,450 |
| Federal student loans | 73% | $8,130 |
On-campus students receiving title-IV aid were awarded grants averaging $4,383.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,601 |
| $30,001 – $75,000 | $25,031 |
| Over $75,000 | $28,508 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,311 |
| Off-campus title-IV students | $25,407 |
For a customized cost estimate, visit Lincoln Tech - Union’s online cost calculator: www.lincolntech.edu/net-price-calculator.
The middle student in the debt distribution at Lincoln Tech - Union owes $9,524 in federal student debt.
| 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 |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at 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 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,832 |
| Middle income | $9,833 |
| High income | $9,192 |
First-Gen vs Continuing-Gen Median Debt
| 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 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Lincoln Tech - Union.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Lincoln Tech - Union:
| 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 recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 88 |
| Total GI Bill amount | $1,236,964 |
| Average GI Bill amount per recipient | $14,056 |
References
More about our data sources and methodologies.