by our College Data Analytics TeamMost students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Lincoln College of Technology-Columbia can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial assistance options will Lincoln Tech - Columbia offer you, and what will you qualify for? Read on for more information. Keep going to find out how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Lincoln College of Technology-Columbia.
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. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Lincoln College of Technology-Columbia, 87% of first-time, full-time freshmen received some form of financial aid roughly 682 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $4,110 |
| Institutional grants & scholarships | 52% | $1,373 |
| Federal Pell grants | 62% | $4,396 |
| State/local grants | 0% | — |
| Federal student loans | 74% | $7,730 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 73% of undergraduates were awarded grant or scholarship aid averaging $4,167 (covering around 1268 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $4,167 |
| Federal Pell grants | 56% | $4,203 |
| Federal student loans | 72% | $7,117 |
On-campus students receiving title-IV aid were awarded grants averaging $4,373.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $28,887 |
| $30,001 – $75,000 | $29,156 |
| Over $75,000 | $33,062 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $34,306 |
| Off-campus title-IV students | $29,997 |
For an estimate tailored to your family circumstances, see Lincoln Tech - Columbia’s net price tool: www.lincolntech.edu/net-price-calculator.
Graduating students at Lincoln Tech - Columbia carry a median federal student debt of $9,500 in federal student debt.
| 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.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Lincoln Tech - Columbia.
| 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 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,878 |
| Middle income | $9,500 |
| High income | $8,967 |
By First-Generation Status
| 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 |
The figure below distills the debt data into a single burden category for Lincoln Tech - Columbia.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Lincoln Tech - Columbia:
| Metric | Value |
|---|---|
| Stafford loan recipients | 62354 |
| Total Stafford loan amount | $709,880,602 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 116 |
| Total GI Bill amount | $1,451,512 |
| Average GI Bill amount per recipient | $12,513 |
References
More about our data sources and methodologies.