by our College Data Analytics TeamThe majority of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Lincoln Technical Institute-Philadelphia can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will Lincoln Tech - Philadelphia offer you, and what will you qualify for? Read on for more information. Scroll down to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Lincoln Technical Institute-Philadelphia.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Lincoln Technical Institute-Philadelphia, 96% of first-year full-time students received aid of some kind some 285 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $5,382 |
| Institutional grants & scholarships | 60% | $1,802 |
| Federal Pell grants | 80% | $4,666 |
| State/local grants | 0% | — |
| Federal student loans | 88% | $8,889 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 88% of undergraduates were awarded an average grant or scholarship of $4,959 (among about 483 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $4,959 |
| Federal Pell grants | 75% | $4,402 |
| Federal student loans | 82% | $8,184 |
Title-IV recipients living on campus saw average grant aid of $5,246.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $28,166 |
| $30,001 – $75,000 | $28,079 |
| Over $75,000 | $31,192 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,659 |
| Off-campus title-IV students | $28,399 |
For an estimate tailored to your family circumstances, see Lincoln Tech - Philadelphia’s net price calculator: www.lincolntech.edu/net-price-calculator.
The median federal debt load at Lincoln Tech - Philadelphia comes to $9,500 in federal student debt.
| 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 |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Lincoln Tech - Philadelphia.
| 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 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,878 |
| Middle income | $9,500 |
| High income | $8,967 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $11,250 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Lincoln Tech - Philadelphia.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at Lincoln Tech - Philadelphia:
| Metric | Value |
|---|---|
| Stafford loan recipients | 62354 |
| Total Stafford loan amount | $709,880,602 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $102,279 |
| Average GI Bill amount per recipient | $14,611 |
References
More about our data sources and methodologies.