by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Lincoln College of Technology-Grand Prairie, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Lincoln Tech - Grand Prairie, 72% of incoming students take out a loan to help cover first-year costs, borrowing on average $8,857 per student, private and federal loans combined.
The typical federal loan comes to $8,857. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Lincoln Tech - Grand Prairie, freshmen included, 68% borrow through federal student loan programs, averaging $8,423 in federal loans per year. This works out to 4.9% smaller than the $8,857 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $16,846 after two years and $33,692 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 | 68% |
| Average federal loan per year | $8,423 |
| Undergraduates with a federal loan | 1,452 |
| Total federal loans (one year) | $12,230,168 |
The middle borrower at Lincoln Tech - Grand Prairie 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 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for 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 |
How wide this percentile range is tells you how much borrowing varies across students at Lincoln Tech - Grand Prairie.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Lincoln Tech - Grand Prairie.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 3310 | $13,336 |
| Completed (graduates) | 2311 | $15,166 |
| Did not complete | 999 | $8,262 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $180.34/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Lincoln Tech - Grand Prairie.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 3125 | $13,716 |
| No Stafford loan | 185 | $3,785 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 3060 | $13,767 |
| No Stafford loan this year | 250 | $4,344 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Lincoln Tech - Grand Prairie.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Lincoln Tech - Grand Prairie is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.5% |
| Borrowers in the cohort | 5253 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
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 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $12,125 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Lincoln Tech - Grand Prairie.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Important to Remember
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.