by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Lincoln College of Technology-Nashville can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will Lincoln Tech - Nashville offer, and what will you qualify for? Read on for more information. Read on to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Lincoln College of Technology-Nashville.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Lincoln College of Technology-Nashville, 92% of the incoming full-time class was awarded financial aid (about 824 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $4,198 |
| Institutional grants & scholarships | 68% | $1,580 |
| Federal Pell grants | 60% | $4,183 |
| State/local grants | 4% | $1,667 |
| Federal student loans | 66% | $7,105 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, about 85% of undergraduates were awarded grant or scholarship aid averaging $4,371 (among about 1505 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $4,371 |
| Federal Pell grants | 58% | $4,177 |
| Federal student loans | 65% | $7,770 |
For on-campus title-IV students, average grant aid came to $5,254.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $26,411 |
| $30,001 – $75,000 | $27,929 |
| Over $75,000 | $31,016 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $32,544 |
| Off-campus title-IV students | $30,203 |
For a customized cost estimate, visit Lincoln Tech - Nashville’s online cost calculator: www.lincolntech.edu/net-price-calculator.
Graduating students at Lincoln Tech - Nashville carry a median federal student debt of $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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Lincoln Tech - Nashville.
| 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 |
How much a student borrows depends heavily on family income, first-gen 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-Generation Comparison
| 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 |
A handful of calculated indicators summarize the debt outlook at Lincoln Tech - Nashville.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Lincoln Tech - Nashville:
| Metric | Value |
|---|---|
| Stafford loan recipients | 88024 |
| Total Stafford loan amount | $1,028,525,613 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 183 |
| Total GI Bill amount | $2,650,165 |
| Average GI Bill amount per recipient | $14,482 |
References
More about our data sources and methodologies.