by our College Data Analytics TeamMany students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Pike-Lincoln Technical Center can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Pike-Lincoln Technical Center offer, and what will you qualify for? Keep reading for more information. Read on to find out what amount of financial assistance will be accessible 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 Pike-Lincoln Technical Center.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Pike-Lincoln Technical Center, 80% of first-year full-time students received aid of some kind approximately 12 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $6,633 |
| Institutional grants & scholarships | 27% | $1,000 |
| Federal Pell grants | 73% | $5,142 |
| State/local grants | 20% | $4,136 |
| Federal student loans | 40% | $5,569 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, about 86% of undergraduates were awarded grant or scholarship aid averaging $11,108 (among about 32 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $11,108 |
| Federal Pell grants | 59% | $6,357 |
| Federal student loans | 65% | $7,126 |
For students living on campus and receiving title-IV aid, grants averaged $7,065.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,128 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,125 |
| Off-campus title-IV students | $6,128 |
For a customized cost estimate, visit Pike-Lincoln Technical Center’s official net price calculator: www.pltc.edu/page/net-price.
Graduating students at Pike-Lincoln Technical Center carry a median federal student debt of $9,481 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,481 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Pike-Lincoln Technical Center.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Pike-Lincoln Technical Center:
| Metric | Value |
|---|---|
| Stafford loan recipients | 331 |
| Total Stafford loan amount | $2,476,480 |
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 | 0 |
| Total GI Bill amount | $0 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.