$5,700

Avg. Federal Grant

$6,713

Avg. Federal Loan

$11,350,845

Total Aid Awarded

Lincoln College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$11.351M

Financial Aid Official Website

financialaid.lincolncollege.edu/

It is interesting to note that, every year, around 99% of students at LC receive some kind of financial aid, while the total amount of assistance/loans provided is $5,998,766. One can visit LC's financial aid page at http://financialaid.lincolncollege.edu/ for more information. The total percentage of candidates applying to Lincoln College who receive the Federal Grant is 80%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 80% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,821, the State Grant receivers and Institution Grant beneficiaries get $4,170 and $6,573, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,988. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $14,451 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $15,249 and $12,744, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $10,574. And, for those with a family income of more than $110,000, the amount stands at $9,070. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 78% of the applicants to Lincoln College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

58%

Institution Grant Aid

87%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$5,700

State Grant Aid

$4,470

Institution Grant Aid

$7,453

Pell Grant

$5,386

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,701

$30,001 - $48,000

$15,748

$48,001 - $75,000

$13,995

$75,001 - $110,000

$13,699

Over $110,000

$10,157

Student Loans for Lincoln College

Average Loan Amount Average Loan Amount received per year.

$6,750/Year

Students Taking Out Loans

83%

Loan Default Rate

7.7%

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