Financial Aid at Lincoln College of Technology-Melrose Park
Financial Aid Amount Received
$4,022 (12.62% of tuition)
Percent of Financial Aid Received
83% of 1,345 students
1,552 undergraduate students (83% of all students) have received grants, scholarships, and/or federal student loans at Lincoln College of Technology-Melrose Park. The percentage of students who received financial aid higher compared to Private (for-profit), 2-4 Years Colleges in Illinois.
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,022 and the average loan amount is $7,375. The average financial aid amount is 12.62% of tuition & fees (tuition & fees: $31,882).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 1,552 | 83% | $6,242,432 | $4,022 |
| Pell Grants | 1,264 | 68% | $5,136,266 | $4,064 |
| Federal Students Loans | 1,457 | 78% | $10,745,079 | $7,375 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 898 students have received one or more types of financial aid at Lincoln College of Technology-Melrose Park.
The average amount of federal, state, local or institutional grant aid is $4,474 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,305.
The following table shows the financial data by type of aid at Lincoln College of Technology-Melrose Park.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 906 | 92% | - | - |
| Grant or scholarship aid | 898 | 92% | $4,017,398 | $4,474 |
| Federal Grants | 727 | 74% | $3,361,054 | $4,623 |
| Pell Grants | 721 | 74% | $3,252,880 | $4,512 |
| Other Federal Grants | 100 | 10% | $108,174 | $1,082 |
| State/Local Grants | 0 | 0% | $0 | - |
| Institutional Grants | 496 | 51% | $656,344 | $1,323 |
| Student Loans | 781 | 80% | $6,486,567 | $8,305 |
| Federal Student Loans | 781 | 80% | $6,486,567 | $8,305 |
| Other Student Loans | 0 | 0% | $0 | - |