by our College Data Analytics TeamMost students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Lincoln College of Technology-Indianapolis can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can Lincoln Tech - Indianapolis offer you, and what will you qualify for? Keep reading for more information. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Lincoln College of Technology-Indianapolis.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Lincoln College of Technology-Indianapolis, 91% of entering full-time freshmen got some type of financial assistance some 832 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $4,237 |
| Institutional grants & scholarships | 68% | $1,147 |
| Federal Pell grants | 64% | $4,218 |
| State/local grants | 2% | $3,479 |
| Federal student loans | 72% | $6,998 |
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 - Indianapolis, approximately 84% of undergraduates were awarded an average grant or scholarship of $4,206 (for some 1480 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $4,206 |
| Federal Pell grants | 62% | $4,189 |
| Federal student loans | 73% | $7,265 |
On-campus students receiving title-IV aid were awarded grants averaging $5,021.
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 | $28,747 |
| $30,001 – $75,000 | $29,708 |
| Over $75,000 | $32,855 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,371 |
| Off-campus title-IV students | $29,530 |
To project your own net price, use Lincoln Tech - Indianapolis’s net price calculator: www.lincolntech.edu/net-price-calculator.
Graduating students at Lincoln Tech - Indianapolis carry a median federal student debt of $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 |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Lincoln Tech - Indianapolis.
| 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 much a student borrows depends heavily on family income, first-gen 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 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $12,125 |
These indicators are derived from the underlying debt data and summarize the overall picture at Lincoln Tech - Indianapolis.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Lincoln Tech - Indianapolis:
| 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 activity
| Metric | Value |
|---|---|
| GI Bill recipients | 66 |
| Total GI Bill amount | $920,284 |
| Average GI Bill amount per recipient | $13,944 |
References
More about our data sources and methodologies.