by our College Data Analytics TeamA large number of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Lincoln Technical Institute-Allentown can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Lincoln Tech - Allentown offer, and what will you qualify for? Keep reading for more information. Keep reading to discover what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Lincoln Technical Institute-Allentown.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Lincoln Technical Institute-Allentown, 94% of the incoming full-time class was awarded financial aid (about 497 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $4,606 |
| Institutional grants & scholarships | 70% | $1,347 |
| Federal Pell grants | 72% | $4,258 |
| State/local grants | 0% | — |
| Federal student loans | 85% | $6,759 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Lincoln Tech - Allentown, about 88% of the undergraduate population received grant aid that averaged $4,233 (covering around 789 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $4,233 |
| Federal Pell grants | 71% | $4,058 |
| Federal student loans | 86% | $6,481 |
Title-IV recipients living on campus saw average grant aid of $4,531.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $35,891 |
| $30,001 – $75,000 | $36,493 |
| Over $75,000 | $39,501 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $36,348 |
| Off-campus title-IV students | $36,307 |
For an estimate tailored to your family circumstances, see Lincoln Tech - Allentown’s net price tool: www.lincolntech.edu/net-price-calculator.
The median federal debt load at Lincoln Tech - Allentown comes to $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $11,250 |
| Typical 10-year monthly payment (graduates) | $119.27/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Lincoln Tech - Allentown.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $16,000 |
| 90th percentile (highest-debt students) | $19,504 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,878 |
| Middle income | $9,500 |
| High income | $8,967 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $11,250 |
The figure below distills the debt data into a single burden category for Lincoln Tech - Allentown.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Lincoln Tech - Allentown:
| Metric | Value |
|---|---|
| Stafford loan recipients | 62354 |
| Total Stafford loan amount | $709,880,602 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $179,973 |
| Average GI Bill amount per recipient | $16,361 |
References
More about our data sources and methodologies.