by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Lincoln Technical Institute - Lincoln, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Lincoln Tech - Lincoln, 87% of new students use loans toward freshman-year expenses, for an average of $8,303 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $8,303. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Lincoln Tech - Lincoln (freshmen included), 79% take out federal student loans, borrowing on average $7,110 annually. It comes to 14.4% below the $8,303 borrowed by freshmen.
Borrowing at that rate every year works out to about $14,220 in two years and roughly $28,440 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 79% |
| Average federal loan per year | $7,110 |
| Undergraduates with a federal loan | 949 |
| Total federal loans (one year) | $6,747,316 |
The median student at Lincoln Tech - Lincoln borrows $9,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,000 |
| Students who completed (graduates) | $10,521 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Lincoln Tech - Lincoln.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,907 |
| 25th percentile | $6,178 |
| 75th percentile | $11,811 |
| 90th percentile (highest-debt students) | $16,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Lincoln Tech - Lincoln.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Lincoln Tech - Lincoln.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1039 | $6,856 |
| Completed (graduates) | 698 | $7,624 |
| Did not complete | 341 | $5,380 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $90.66/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 - Lincoln.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1008 | $6,994 |
| No Stafford loan | 31 | $2,763 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 964 | $6,918 |
| No Stafford loan this year | 75 | $5,968 |
The indicators below describe what the typical debt costs to pay back at Lincoln Tech - Lincoln.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Lincoln Tech - Lincoln is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.1% |
| Borrowers in the cohort | 4290 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,104 |
| Middle income | $9,000 |
| High income | $6,855 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $9,130 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,583 |
| Independent students | $10,117 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Lincoln Tech - Lincoln.
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
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.