Among them are scholarship programs such as Development Fund for Black Students in Science and Technology Scholarship, Joseph P. Gavenonis Scholarship, Ohio College Opportunity Grant, and Technology Scholarship. It is interesting to note that, every year, around 98% of students at LU receive some kind of financial aid, while the total amount of assistance/loans provided is $12,849,384. Notably, a total of 71% of the applicants to Lincoln University receive the Federal Grant every year. Meanwhile, 84% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 71% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,349, while the same comes to $3,271 for State Grant receivers and $9,685 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,821. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 90% of the applicants to Lincoln University opt for student loans.