Scholarships, Grants, and Loan Trends at Lincoln Technical Institute-New Britain

13%

Received Percent Changed

-$84

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 629, which is 74.67 % of all undergraduate students. 641 students which is 77.11% of undergraduate students received federal student loans and the average loan amount is $7,099.

For full-time, first-time beginning students (freshmen), 82.89% of students received grants or scholarships and 79% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Lincoln Technical Institute-New Britain since 2014.

For that period, the average number of students who received grants aid/scholarships is 629, which is 74.67 % of all undergraduate students. 641 students which is 77.11% of undergraduate students received federal student loans and the average loan amount is $7,099.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15447 (68%)$3,899444 (68%)$3,668540 (82%)$7,129
2015-16450 (66%)$4,123441 (64%)$3,892519 (76%)$7,539
2016-17519 (68%)$4,130516 (67%)$3,916569 (74%)$6,950
2017-18532 (69%)$3,751513 (66%)$3,786583 (75%)$6,850
2018-19526 (67%)$3,732481 (61%)$3,941630 (80%)$6,704
2019-20735 (87%)$4,676552 (65%)$3,987667 (79%)$6,726
2020-21749 (83%)$4,211546 (61%)$4,064674 (75%)$7,154
2021-22803 (83%)$3,817624 (65%)$3,875749 (78%)$7,540
2022-23903 (81%)$3,815665 (60%)$3,911836 (75%)$7,301
Average629 (74.67%)$4,017531 (64.11%)$3,893641 (77.11%)$7,099
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 317 (82.89 % of students) received grants or scholarships and its average amount is $4,340. It can cover 11.86% of tuition & fees ($36,581).

In addition, 300 (79.22 % of students) students get helped from the students loans (average amount : $7,847).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15245 (78%)$4,617256 (81%)$8,339
2015-16265 (73%)$4,649292 (81%)$8,531
2016-17327 (74%)$4,408320 (73%)$7,923
2017-18309 (77%)$4,148304 (76%)$7,532
2018-19231 (69%)$4,572279 (84%)$7,179
2019-20421 (98%)$4,185326 (76%)$7,266
2020-21309 (95%)$4,080268 (83%)$7,651
2021-22329 (90%)$4,153286 (78%)$7,838
2022-23416 (92%)$4,247365 (81%)$8,362
Average317 (82.89%)$4,340300 (79.22%)$7,847
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 275 (72.33 % of students) received Pell (federal) grants and its average amount is $4,226.

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15242 (77%)$4,284141 (45%)$362--3 (1%)$14,473
2015-16262 (72%)$4,28790 (25%)$397--4 (1%)$18,208
2016-17326 (74%)$4,271167 (38%)$242--4 (1%)$2,139
2017-18306 (76%)$4,057139 (35%)$277--1 (0%)$2,000
2018-19231 (69%)$4,330127 (38%)$394--3 (1%)$1,888
2019-20305 (71%)$4,268389 (90%)$573--282 (66%)$842
2020-21234 (72%)$4,337247 (76%)$403--161 (50%)$908
2021-22264 (72%)$3,950141 (39%)$325--249 (68%)$1,115
2022-23307 (68%)$4,248107 (24%)$561--281 (62%)$1,433
Average275 (72.33%)$4,226172 (45.56%)$393--110 (31.25%)$4,778
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 300 (79.22 % of students) get any students loan help and its average loan amount is $300.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15256 (81%)$8,339255 (81%)$8,2643 (1%)$9,114
2015-16292 (81%)$8,531292 (81%)$8,3634 (1%)$12,267
2016-17320 (73%)$7,923320 (73%)$7,923--
2017-18304 (76%)$7,532304 (76%)$7,532--
2018-19279 (84%)$7,179279 (84%)$7,179--
2019-20326 (76%)$7,266326 (76%)$7,266--
2020-21268 (83%)$7,651268 (83%)$7,651--
2021-22286 (78%)$7,838286 (78%)$7,838--
2022-23365 (81%)$8,362365 (81%)$8,362--
Average300 (79.22%)$7,847299 (79.22%)$7,8204 (1.00%)$10,691

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