by our College Data Analytics TeamMost students will not be asked to pay 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 price tag of going to Lincoln College of Technology-Grand Prairie can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can Lincoln Tech - Grand Prairie offer you, and what will you qualify for? Keep reading for more information. Scroll down to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Lincoln College of Technology-Grand Prairie.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Lincoln College of Technology-Grand Prairie, 92% of first-time, full-time freshmen received some form of financial aid approximately 1171 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $4,511 |
| Institutional grants & scholarships | 56% | $1,206 |
| Federal Pell grants | 69% | $4,528 |
| State/local grants | 0% | — |
| Federal student loans | 72% | $8,857 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, roughly 81% of undergraduates were awarded grant or scholarship aid averaging $4,238 (across approximately 1723 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $4,238 |
| Federal Pell grants | 63% | $4,349 |
| Federal student loans | 68% | $8,423 |
On-campus students receiving title-IV aid were awarded grants averaging $4,786.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $29,768 |
| $30,001 – $75,000 | $30,144 |
| Over $75,000 | $33,466 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $33,250 |
| Off-campus title-IV students | $30,391 |
To project your own net price, use Lincoln Tech - Grand Prairie’s net price tool: www.lincolntech.edu/net-price-calculator.
The median federal debt load at Lincoln Tech - Grand Prairie comes to $9,524 in federal 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Lincoln Tech - Grand Prairie.
| 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 figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| 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 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $12,125 |
The figure below distills the debt data into a single burden category for Lincoln Tech - Grand Prairie.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Lincoln Tech - Grand Prairie:
| Metric | Value |
|---|---|
| Stafford loan recipients | 88024 |
| Total Stafford loan amount | $1,028,525,613 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 229 |
| Total GI Bill amount | $3,643,788 |
| Average GI Bill amount per recipient | $15,912 |
References
More about our data sources and methodologies.