$4,245

Avg. Federal Grant

$7,360

Avg. Federal Loan

$2,434,283

Total Aid Awarded

Lincoln College of Technology Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$2.434M

Financial Aid Official Website

www.lincolntech.edu/campus/columbia-md

Among them are scholarship programs such as Boettcher Foundation Scholarship and Colorado Ski Authority Annual Scholarship. Notably, 87% of the students at Lincoln College of Technology-Columbia get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,634,496. Notably, a total of 66% of the applicants to Lincoln College of Technology-Columbia receive the Federal Grant every year. In comparison, 67% of the students are awarded the Student Grant, 1% get the Institution Grant, and 66% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,012. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At LCTC, an estimated number of 82% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

69%

State Grant Aid

N/A

Institution Grant Aid

2%

Pell Grant

69%

Average Aid Awarded

Federal Grant Aid

$4,245

State Grant Aid

N/A

Institution Grant Aid

$4,809

Pell Grant

$4,095

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,558

$30,001 - $48,000

$3,501

$48,001 - $75,000

$1,627

$75,001 - $110,000

$305

Over $110,000

$711

Student Loans for Lincoln College of Technology

Average Loan Amount Average Loan Amount received per year.

$7,432/Year

Students Taking Out Loans

83%

Loan Default Rate

16.6%

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