Financial Aid at Lincoln Tech-Paramus
Financial Aid Amount Received
$3,942 (12.27% of tuition)
Percent of Financial Aid Received
77% of 608 students
837 undergraduate students (77% of all students) have received grants, scholarships, and/or federal student loans at Lincoln Technical Institute-Paramus. 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 higher (the average of the schools is 69.20%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $3,942 and the average loan amount is $6,763. The average financial aid amount is 12.27% 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 | 837 | 77% | $3,299,158 | $3,942 |
| Pell Grants | 650 | 60% | $2,539,166 | $3,906 |
| Federal Students Loans | 859 | 79% | $5,809,642 | $6,763 |
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), 342 students have received one or more types of financial aid at Lincoln Technical Institute-Paramus.
The average amount of federal, state, local or institutional grant aid is $4,152 and the average amount of student loans awarded to full-time first-time undergraduate students is $7,085.
The following table shows the financial data by type of aid at Lincoln Technical Institute-Paramus.
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 | 347 | 92% | - | - |
| Grant or scholarship aid | 342 | 91% | $1,420,114 | $4,152 |
| Federal Grants | 263 | 70% | $1,121,258 | $4,263 |
| Pell Grants | 257 | 68% | $1,079,008 | $4,198 |
| Other Federal Grants | 36 | 10% | $42,250 | $1,174 |
| State/Local Grants | 0 | 0% | $0 | - |
| Institutional Grants | 243 | 64% | $298,856 | $1,230 |
| Student Loans | 297 | 79% | $2,104,266 | $7,085 |
| Federal Student Loans | 297 | 79% | $2,104,266 | $7,085 |
| Other Student Loans | 0 | 0% | $0 | - |