Scholarships, Grants, and Loan Trends at Lincoln Tech-Paramus

7%

Received Percent Changed

$266

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 676, which is 73.22 % of all undergraduate students. 744 students which is 81.33% of undergraduate students received federal student loans and the average loan amount is $6,366.

For full-time, first-time beginning students (freshmen), 81.44% of students received grants or scholarships and 86% 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-Paramus since 2014.

For that period, the average number of students who received grants aid/scholarships is 676, which is 73.22 % of all undergraduate students. 744 students which is 81.33% of undergraduate students received federal student loans and the average loan amount is $6,366.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15657 (70%)$3,676649 (70%)$3,524763 (82%)$6,101
2015-16589 (68%)$3,673581 (67%)$3,536712 (82%)$5,887
2016-17501 (65%)$3,614498 (65%)$3,427623 (81%)$5,935
2017-18511 (70%)$3,867502 (69%)$3,622625 (85%)$6,314
2018-19590 (72%)$3,902556 (68%)$3,897670 (82%)$6,804
2019-20771 (88%)$4,277587 (67%)$3,779746 (85%)$6,608
2020-21889 (81%)$3,949697 (64%)$3,782913 (84%)$6,182
2021-22743 (68%)$3,657642 (59%)$3,680784 (72%)$6,696
2022-23837 (77%)$3,942650 (60%)$3,906859 (79%)$6,763
Average676 (73.22%)$3,840596 (65.44%)$3,684744 (81.33%)$6,366
*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, 287 (81.44 % of students) received grants or scholarships and its average amount is $4,353. It can cover 12.97% of tuition & fees ($33,554).

In addition, 310 (86.22 % of students) students get helped from the students loans (average amount : $7,321).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15350 (76%)$4,435407 (88%)$7,471
2015-16317 (73%)$4,395378 (87%)$7,417
2016-17293 (72%)$4,148357 (88%)$6,971
2017-18303 (75%)$4,413362 (90%)$7,199
2018-19303 (74%)$4,519364 (89%)$7,504
2019-20275 (96%)$4,293244 (86%)$6,908
2020-21236 (97%)$4,289216 (89%)$7,337
2021-22161 (79%)$4,536165 (80%)$7,997
2022-23342 (91%)$4,152297 (79%)$7,085
Average287 (81.44%)$4,353310 (86.22%)$7,321
*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, 261 (72.78 % of students) received Pell (federal) grants and its average amount is $4,199.

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
2014-15343 (74%)$4,18092 (20%)$748--13 (3%)$3,820
2015-16313 (72%)$4,16688 (20%)$571--8 (2%)$4,890
2016-17292 (72%)$3,87595 (23%)$592--7 (2%)$3,939
2017-18296 (73%)$4,10794 (23%)$636--11 (3%)$5,604
2018-19300 (74%)$4,27264 (16%)$762--8 (2%)$4,862
2019-20215 (75%)$4,157244 (86%)$867--52 (18%)$1,450
2020-21186 (76%)$4,509172 (70%)$558--35 (14%)$2,215
2021-22145 (71%)$4,32842 (20%)$771--64 (31%)$1,100
2022-23257 (68%)$4,19836 (10%)$1,174--243 (64%)$1,230
Average261 (72.78%)$4,199103 (32.00%)$742--49 (15.44%)$3,234
*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, 310 (86.22 % of students) get any students loan help and its average loan amount is $310.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15407 (88%)$7,471407 (88%)$7,3177 (2%)$8,979
2015-16378 (87%)$7,417377 (87%)$7,3043 (1%)$16,670
2016-17357 (88%)$6,971357 (88%)$6,9133 (1%)$6,909
2017-18362 (90%)$7,199361 (89%)$7,0404 (1%)$16,107
2018-19364 (89%)$7,504364 (89%)$7,4363 (1%)$8,359
2019-20244 (86%)$6,908244 (86%)$6,8532 (1%)$6,741
2020-21216 (89%)$7,337216 (89%)$7,337--
2021-22165 (80%)$7,997165 (80%)$7,9282 (1%)$5,689
2022-23297 (79%)$7,085297 (79%)$7,085--
Average310 (86.22%)$7,321310 (86.11%)$7,2463 (1.14%)$9,922

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