by our College Data Analytics TeamMany students are not billed 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 price tag of going to Lincoln Technical Institute - Whitestone can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Lincoln Tech - Whitestone offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from Lincoln Technical Institute - Whitestone.
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 - Whitestone, 93% of first-time, full-time freshmen received some form of financial aid around 583 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $4,938 |
| Institutional grants & scholarships | 49% | $2,253 |
| Federal Pell grants | 76% | $4,468 |
| State/local grants | 0% | — |
| Federal student loans | 83% | $7,583 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Lincoln Tech - Whitestone, around 85% of undergrads got grants or scholarships worth on average $4,708 (among about 1245 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $4,708 |
| Federal Pell grants | 73% | $4,184 |
| Federal student loans | 81% | $6,792 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $4,935.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $31,885 |
| $30,001 – $75,000 | $33,060 |
| Over $75,000 | $36,864 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $34,128 |
| Off-campus title-IV students | $32,648 |
To project your own net price, use Lincoln Tech - Whitestone’s official net price calculator: www.lincolntech.edu/net-price-calculator.
The middle student in the debt distribution at Lincoln Tech - Whitestone owes $9,524 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,524 |
| Median federal debt (graduates only) | $11,730 |
| Typical 10-year monthly payment (graduates) | $124.36/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Lincoln Tech - Whitestone.
| 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 figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,832 |
| Middle income | $9,833 |
| High income | $9,192 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,645 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $12,125 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Lincoln Tech - Whitestone.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Lincoln Tech - Whitestone:
| Metric | Value |
|---|---|
| Stafford loan recipients | 88024 |
| Total Stafford loan amount | $1,028,525,613 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 42 |
| Total GI Bill amount | $549,514 |
| Average GI Bill amount per recipient | $13,084 |
References
More about our data sources and methodologies.