by our College Data Analytics TeamHere you will find what students actually borrow to attend Lincoln College of Technology-Indianapolis: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Among first-year students at Lincoln Tech - Indianapolis, 72% of freshmen borrow to help pay for their first year, averaging $6,998 per student, private and federal loans combined.
The average federally funded loan is $6,998. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Lincoln Tech - Indianapolis, 77% borrow through federal student loan programs, averaging $7,265 in federal loans per year. That amounts to 3.8% greater than the freshman federal average of $6,998.
At a steady annual pace, that totals around $14,530 after two years and $29,060 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 77% |
| Average federal loan per year | $7,265 |
| Undergraduates with a federal loan | 1,277 |
| Total federal loans (one year) | $9,277,944 |
The median student at Lincoln Tech - Indianapolis borrows $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 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for 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 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Lincoln Tech - Indianapolis.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Lincoln Tech - Indianapolis.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 3310 | $13,336 |
| Completed (graduates) | 2311 | $15,166 |
| Did not complete | 999 | $8,262 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $180.34/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Lincoln Tech - Indianapolis.
Borrowers With Any Stafford Loan
| 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 - Indianapolis.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Lincoln Tech - Indianapolis is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.5% |
| Borrowers in the cohort | 5253 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| 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 |
Federal data publishes the following gap measures for Lincoln Tech - Indianapolis.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.