by our College Data Analytics TeamFinancial 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.
What amount of Lincoln Tech - Indianapolis financial assistance will actually be available to you?Get answers to your questions here.
Lincoln College of Technology - Indianapolis average financial aid offer for freshmen students is $4,466.00. 98% of first-year students are awarded financial aid, primarily comprising loans.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Lincoln College of Technology - Indianapolis.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers below apply to scholarships and grants primarily provided by Lincoln College of Technology - Indianapolis.
14% of first-year students (111 total) were offered scholarships at Lincoln College of Technology - Indianapolis, averaging $6,377.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 94% of freshmen (740 total) received a federal grant, for about $3,597.00 a person.
Amount of Financial Assistance Per Income Level
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The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the undergraduate students at Lincoln College of Technology - Indianapolis around 98% (768 total) receive some form of grant aid. The typical amount awarded was $4,466.00.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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