Tuition at Lincoln Technical Institute-Lincoln rose by 2% for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $28,973 to attend the two-year private for-profit institution this year, which is $576 more than the $28,397 charged during the 2021-22 academic year.
Approximately 63% of the undergraduate student body are residents of Rhode Island, while about 37% come from other states.
Data indicates that 94% of full-time undergraduates who enrolled at Lincoln Technical Institute-Lincoln in 2022-23 received some form of student financial aid. In total, 450 students were awarded grants or scholarships amounting to $2 million, and 420 students took out loans exceeding $3.5 million.
Across all undergraduates, 956 students received grants or scholarships totaling $3.7 million. Additionally, 951 students borrowed $6.6 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the Lincoln Technical Institute-Lincoln in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 344 | 70% | $1.6 million | $4,534 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 357 | 72% | $465,685 | $1,304 |
| Grant or scholarship aid total | 450 | 91% | $2 million | $4,501 |
| Federal student loans | 420 | 85% | $3.5 million | $8,233 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 420 | 85% | $3.5 million | $8,233 |
| Total student aid | 465 | 94% | $5.5 million | $11,792 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
