Financial Aid at Lincoln Technical Institute-Iselin
Financial Aid Amount Received
$3,420 (10.64% of tuition)
Percent of Financial Aid Received
86% of 586 students
845 undergraduate students (86% of all students) have received grants, scholarships, and/or federal student loans at Lincoln Technical Institute-Iselin. The percentage of students who received financial aid much higher compared to Private (for-profit), Less Than 2-Years Colleges in New Jersey.
Compared to similar schools in rankings such as Fortis Institute-Wayne and Adult and Continuing Education-BCTS, the percentage of students who received financial aid is much higher (the average of the schools is 67.90%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $3,420 and the average loan amount is $6,067. The average financial aid amount is 10.64% of tuition & fees (tuition & fees: $32,134).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 845 | 86% | $2,889,625 | $3,420 |
| Pell Grants | 604 | 62% | $2,212,824 | $3,664 |
| Federal Students Loans | 798 | 81% | $4,841,121 | $6,067 |
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), 404 students have received one or more types of financial aid at Lincoln Technical Institute-Iselin.
The average amount of federal, state, local or institutional grant aid is $4,136 and the average amount of student loans awarded to full-time first-time undergraduate students is $6,782.
The following table shows the financial data by type of aid at Lincoln Technical Institute-Iselin.
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 | 413 | 92% | - | - |
| Grant or scholarship aid | 404 | 90% | $1,670,791 | $4,136 |
| Federal Grants | 321 | 71% | $1,335,309 | $4,160 |
| Pell Grants | 319 | 71% | $1,276,309 | $4,001 |
| Other Federal Grants | 55 | 12% | $59,000 | $1,073 |
| State/Local Grants | 0 | 0% | $0 | - |
| Institutional Grants | 272 | 60% | $335,482 | $1,233 |
| Student Loans | 373 | 83% | $2,529,656 | $6,782 |
| Federal Student Loans | 373 | 83% | $2,529,656 | $6,782 |
| Other Student Loans | 0 | 0% | $0 | - |