Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,007, which is 71.67 % of all undergraduate students. 1,004 students which is 71.00% of undergraduate students received federal student loans and the average loan amount is $7,598.

For full-time, first-time beginning students (freshmen), 75.89% of students received grants or scholarships and 77% 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 College of Technology-Indianapolis since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,007, which is 71.67 % of all undergraduate students. 1,004 students which is 71.00% of undergraduate students received federal student loans and the average loan amount is $7,598.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,127 (62%)$4,1921,039 (57%)$4,0521,225 (68%)$9,174
2014-151,071 (63%)$4,2501,032 (61%)$4,0051,208 (71%)$7,715
2015-16992 (67%)$4,157942 (64%)$4,0241,096 (74%)$7,965
2016-17838 (64%)$4,162790 (60%)$3,916965 (74%)$7,230
2017-18777 (65%)$4,068684 (57%)$4,075820 (68%)$7,540
2018-19813 (71%)$3,970665 (58%)$4,281810 (70%)$7,792
2019-201,072 (85%)$4,940742 (59%)$3,976877 (70%)$6,812
2020-211,172 (86%)$4,571836 (62%)$4,129994 (73%)$7,188
2021-221,200 (82%)$4,281860 (59%)$4,1011,038 (71%)$6,964
Average1,007 (71.67%)$4,288843 (59.67%)$4,0621,004 (71.00%)$7,598
*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, 577 (75.89 % of students) received grants or scholarships and its average amount is $4,397. It can cover 12.20% of tuition & fees ($36,053).

In addition, 580 (76.89 % of students) students get helped from the students loans (average amount : $7,788).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14658 (65%)$4,268739 (73%)$9,868
2014-15604 (69%)$4,511671 (77%)$8,345
2015-16536 (70%)$4,310614 (81%)$8,495
2016-17478 (70%)$4,306558 (82%)$7,488
2017-18366 (60%)$4,282423 (69%)$7,680
2018-19356 (67%)$4,853406 (77%)$8,086
2019-20768 (98%)$4,475601 (77%)$7,099
2020-21719 (92%)$4,388605 (77%)$6,917
2021-22707 (92%)$4,180607 (79%)$6,110
Average577 (75.89%)$4,397580 (76.89%)$7,788
*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, 483 (63.78 % of students) received Pell (federal) grants and its average amount is $4,174.

In addition, 19 students received State/local government grants/scholarships (2.44 % 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
2013-14596 (59%)$4,20844 (4%)$1,33623 (2%)$2,797130 (13%)$1,363
2014-15583 (67%)$4,17272 (8%)$1,45821 (2%)$3,30230 (3%)$3,929
2015-16514 (68%)$4,10054 (7%)$1,31918 (2%)$2,96840 (5%)$1,952
2016-17450 (66%)$3,96580 (12%)$1,23521 (3%)$3,36043 (6%)$2,439
2017-18342 (56%)$4,11457 (9%)$1,37718 (3%)$2,99531 (5%)$897
2018-19347 (65%)$4,46199 (19%)$88522 (4%)$3,31814 (3%)$1,365
2019-20512 (65%)$4,178673 (86%)$77722 (3%)$3,033111 (14%)$6,377
2020-21520 (66%)$4,222499 (64%)$53519 (2%)$3,466623 (79%)$1,006
2021-22481 (62%)$4,150183 (24%)$5159 (1%)$3,460575 (75%)$1,450
Average483 (63.78%)$4,174196 (25.89%)$1,04919 (2.44%)$3,189177 (22.56%)$2,309
*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, 580 (76.89 % of students) get any students loan help and its average loan amount is $580.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14739 (73%)$9,868739 (73%)$9,48619 (2%)$14,880
2014-15671 (77%)$8,345671 (77%)$8,345--
2015-16614 (81%)$8,495614 (81%)$8,4681 (0%)$16,301
2016-17558 (82%)$7,488557 (82%)$7,4521 (0%)$27,427
2017-18423 (69%)$7,680423 (69%)$7,680--
2018-19406 (77%)$8,086406 (77%)$8,086--
2019-20601 (77%)$7,099601 (77%)$7,099--
2020-21605 (77%)$6,917605 (77%)$6,917--
2021-22607 (79%)$6,110607 (79%)$6,110--
Average580 (76.89%)$7,788580 (76.89%)$7,7387 (2.00%)$19,536

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