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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Lincoln Technical Institute-Somerville since 2011.
For that period, the average number of students who received grants aid/scholarships is 472, which is 76.09 % of all undergraduate students. 477 students which is 78.18% of undergraduate students received federal student loans and the average loan amount is $5,849.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12480 (65%)$3,660477 (64%)$3,434473 (64%)$5,670
2012-13402 (71%)$3,398399 (71%)$3,249430 (76%)$5,998
2013-14386 (73%)$3,175380 (72%)$3,110438 (83%)$6,235
2014-15463 (75%)$3,830462 (75%)$3,762500 (81%)$6,168
2015-16417 (71%)$3,870417 (71%)$3,773478 (82%)$5,752
2016-17347 (73%)$3,765346 (72%)$3,588386 (81%)$5,354
2017-18393 (81%)$4,141384 (79%)$3,952431 (89%)$5,532
2018-19456 (81%)$3,767423 (76%)$3,836475 (85%)$5,839
2019-20568 (85%)$4,748405 (61%)$4,164475 (71%)$5,938
2020-21627 (78%)$4,015482 (60%)$3,914569 (71%)$5,800
2021-22651 (84%)$4,017521 (67%)$4,130595 (77%)$6,052
Average472 (76.09%)$3,853427 (69.82%)$3,719477 (78.18%)$5,849

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

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 262 (85.64 % of students) received grants or scholarships and its average amount is $4,291. It can cover 20.22% of tuition & fees ($21,219).
In addition, 258 (85.55 % of students) students get helped from the students loans (average amount : $6,896).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12180 (86%)$3,804180 (86%)$6,924
2012-13217 (81%)$4,045236 (88%)$6,810
2013-14209 (84%)$3,687230 (92%)$7,466
2014-15300 (81%)$4,492320 (86%)$7,268
2015-16247 (83%)$4,352267 (90%)$6,751
2016-17204 (84%)$4,385214 (88%)$6,519
2017-18274 (85%)$4,650290 (90%)$6,160
2018-19244 (84%)$4,466262 (91%)$6,906
2019-20402 (98%)$4,604305 (74%)$6,807
2020-21287 (83%)$4,556254 (74%)$7,290
2021-22316 (93%)$4,164278 (82%)$6,960
Average262 (85.64%)$4,291258 (85.55%)$6,896
*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 12 years, on average, 236 (78.55 % of students) received Pell (federal) grants and its average amount is $4,201.
In addition, 6 students received State/local government grants/scholarships (2.00 % of students).
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
2011-12179 (85%)$3,61038 (18%)$7503 (1%)$4007 (3%)$1,260
2012-13215 (80%)$3,80365 (24%)$7454 (1%)$3006 (2%)$1,752
2013-14207 (83%)$3,62942 (17%)$37111 (4%)$2821 (0%)$799
2014-15300 (81%)$4,38888 (24%)$355----
2015-16247 (83%)$4,20596 (32%)$351--1 (0%)$2,500
2016-17203 (84%)$4,105142 (59%)$424--1 (0%)$1,017
2017-18274 (85%)$4,314107 (33%)$862----
2018-19244 (84%)$4,17687 (30%)$815----
2019-20262 (64%)$4,851343 (83%)$832--284 (69%)$1,037
2020-21224 (65%)$4,751227 (66%)$552--157 (46%)$753
2021-22237 (70%)$4,37982 (24%)$793--236 (69%)$903
Average236 (78.55%)$4,201120 (37.27%)$6236 (2.00%)$32787 (37.80%)$1,253
*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 12 years, on average, 258 (85.55 % of students) get any students loan help and its average loan amount is $258.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12180 (86%)$6,924180 (86%)$6,8513 (1%)$4,371
2012-13236 (88%)$6,810236 (88%)$6,8051 (0%)$1,322
2013-14230 (92%)$7,466230 (92%)$7,4571 (0%)$2,080
2014-15320 (86%)$7,268320 (86%)$7,268--
2015-16267 (90%)$6,751267 (90%)$6,751--
2016-17214 (88%)$6,519214 (88%)$6,519--
2017-18290 (90%)$6,160290 (90%)$6,160--
2018-19262 (91%)$6,906262 (91%)$6,906--
2019-20305 (74%)$6,807305 (74%)$6,807--
2020-21254 (74%)$7,290254 (74%)$7,290--
2021-22278 (82%)$6,960278 (82%)$6,960--
Average258 (85.55%)$6,896258 (85.55%)$6,8892 (1.00%)$2,591

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