Financial Aid at Lincoln Technical Institute-Union
Financial Aid Amount Received
$4,415 (15.53% of tuition)
Percent of Financial Aid Received
73% of 1,785 students
1,792 undergraduate students (73% 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 higher (the average of the schools is 64.20%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,377 and the average loan amount is $7,579. The average financial aid amount is 15.53% 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 | 1,792 | 73% | $7,843,269 | $4,377 |
| Pell Grants | 1,316 | 54% | $5,580,661 | $4,241 |
| Federal Students Loans | 1,682 | 69% | $12,747,667 | $7,579 |
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), 1,039 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 $4,955 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,670.
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 | 1,137 | 92% | - | - |
| Grant or scholarship aid | 1,039 | 84% | $5,148,571 | $4,955 |
| Federal Grants | 795 | 64% | $3,815,442 | $4,799 |
| Pell Grants | 788 | 64% | $3,584,692 | $4,549 |
| Other Federal Grants | 316 | 26% | $230,750 | $730 |
| State/Local Grants | 0 | 0% | $0 | - |
| Institutional Grants | 833 | 68% | $1,333,129 | $1,600 |
| Student Loans | 930 | 75% | $8,062,783 | $8,670 |
| Federal Student Loans | 930 | 75% | $8,038,346 | $8,643 |
| Other Student Loans | 1 | 0% | $24,437 | $24,437 |