by our College Data Analytics TeamA lot of students will not be asked to pay 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 University can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can Lincoln provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Lincoln University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Lincoln University, 99% of first-time, full-time freshmen received some form of financial aid around 531 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $13,750 |
| Institutional grants & scholarships | 78% | $9,271 |
| Federal Pell grants | 73% | $5,952 |
| State/local grants | 27% | $4,560 |
| Federal student loans | 83% | $5,941 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 88% of undergraduates were awarded grant or scholarship aid averaging $12,423 (for some 1516 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $12,423 |
| Federal Pell grants | 69% | $5,749 |
| Federal student loans | 79% | $6,709 |
Title-IV recipients living on campus saw average grant aid of $13,528.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,622 |
| $30,001 – $75,000 | $12,073 |
| Over $75,000 | $17,434 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $14,977 |
| Off-campus title-IV students | $12,912 |
For a customized cost estimate, visit Lincoln’s net price tool: www.lincoln.edu/departments/financial-aid/net-price-calculator.
The median student at Lincoln graduates with $22,862 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,862 |
| Median federal debt (graduates only) | $28,250 |
| Typical 10-year monthly payment (graduates) | $299.5/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Lincoln.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,750 |
| 75th percentile | $35,000 |
| 90th percentile (highest-debt students) | $44,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $23,000 |
| Middle income | $22,000 |
| High income | $23,041 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,868 |
| Continuing-generation students | $22,450 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,500 |
| Independent students | $25,808 |
The figure below distills the debt data into a single burden category for Lincoln.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Lincoln:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16191 |
| Total Stafford loan amount | $506,946,120 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 11 |
| Total GI Bill amount | $119,319 |
| Average GI Bill amount per recipient | $10,847 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $3,789 |
| Average DoD amount per recipient | $3,789 |
References
More about our data sources and methodologies.