Financial Aid at Lincoln Technical Institute-Union
Financial Aid Amount Received
$4,319 (15.19% of tuition)
Percent of Financial Aid Received
74% of 1,625 students
1,720 undergraduate students (74% of all students) have received grants, scholarships, and/or federal student loans at Lincoln Technical Institute-Union. The percentage of students who received financial aid 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 average (the average of the schools is 68.10%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,319 and the average loan amount is $7,539. The average financial aid amount is 15.19% of tuition & fees (tuition & fees: $28,425).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 1,720 | 74% | $7,429,015 | $4,319 |
| Pell Grants | 1,277 | 55% | $5,275,738 | $4,131 |
| Federal Students Loans | 1,707 | 73% | $12,868,564 | $7,539 |
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), 913 students have received one or more types of financial aid at Lincoln Technical Institute-Union.
The average amount of federal, state, local or institutional grant aid is $5,003 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,790.
The following table shows the financial data by type of aid at Lincoln Technical Institute-Union.
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 | 978 | 92% | - | - |
| Grant or scholarship aid | 913 | 86% | $4,567,755 | $5,003 |
| Federal Grants | 692 | 65% | $3,202,991 | $4,629 |
| Pell Grants | 690 | 65% | $3,116,508 | $4,517 |
| Other Federal Grants | 170 | 16% | $86,483 | $509 |
| State/Local Grants | 0 | 0% | $0 | $0 |
| Institutional Grants | 704 | 66% | $1,364,764 | $1,939 |
| Student Loans | 834 | 78% | $7,330,545 | $8,790 |
| Federal Student Loans | 833 | 78% | $7,303,317 | $8,767 |
| Other Student Loans | 1 | 0% | $27,228 | $27,228 |