by our College Data Analytics TeamThis page focuses on the debt students take on to attend Lincoln Technical Institute - Paramus, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Lincoln Tech - Paramus, 89% of incoming students take out a loan to help cover first-year costs, averaging $7,018 per borrower, covering both private and federal loans.
The average federally funded loan is $7,018. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at Lincoln Tech - Paramus (freshmen included), 85% use federal student loans to help pay for their education, at an average of $6,532 annually. That is 6.9% less than the first-year federal average of $7,018.
Borrowing the same amount each year would add up to roughly $13,064 in two years and roughly $26,128 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 85% |
| Average federal loan per year | $6,532 |
| Undergraduates with a federal loan | 937 |
| Total federal loans (one year) | $6,120,086 |
The middle borrower at Lincoln Tech - Paramus owes $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 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Lincoln Tech - Paramus.
| 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 - Paramus.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Lincoln Tech - Paramus.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1039 | $6,856 |
| Completed (graduates) | 698 | $7,624 |
| Did not complete | 341 | $5,380 |
On a standard 10-year plan, the median completing borrower would pay about $90.66/mo.
Federal data lets us separate Stafford borrowers from the rest at Lincoln Tech - Paramus.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1008 | $6,994 |
| No Stafford loan | 31 | $2,763 |
Stafford This Year vs Not
| 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 - Paramus.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Lincoln Tech - Paramus 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.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,104 |
| Middle income | $9,000 |
| High income | $6,855 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $9,130 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,583 |
| Independent students | $10,117 |
Federal data publishes the following gap measures for Lincoln Tech - Paramus.
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.
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.