Number Received Financial Aid (All Undergraduate)
651
Percent Received Financial Aid(All Undergraduate)
84%
Average Aid Amount
$4,017
Number Received Financial Aid (Freshmen)
322
Percent Received Financial Aid (Freshmen)
94%
Financial Aid Information at Lincoln Technical Institute-Somerville
For the academic year 2021-2022, a total of 651 students (84% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $4,017. For freshmen (Full-time, first-time degree-seeking undergraduate students), 322 students (94% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Lincoln Technical Institute-Somerville is $21,219, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 651 students (84% of all students) have received grants or scholarships and the average received aid amount is $4,017. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Lincoln Technical Institute-Somerville for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 651 | 84% | $4,017 |
| Pell Grants | 521 | 67% | $4,130 |
| Federal Student Loans | 595 | 77% | $6,052 |
Beginning Students Financial Aid
a total of 322 beginning students (94% of all freshmen) have received any financial aid and 322 students (94% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Lincoln Technical Institute-Somerville.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 322 | 94% | - |
| Grants or Scholarship from All Sources | 316 | 93% | $4,164 |
| Federal Grants | 238 | 70% | $4,633 |
| Pell Grants | 237 | 70% | $4,379 |
| Other Federal Grants | 82 | 24% | $793 |
| State/Local Grants | 0 | 0% | $0 |
| Institutional Grants | 236 | 69% | $903 |
| Student Loans | 278 | 82% | $6,960 |
| Federal Student Loans | 278 | 82% | $6,960 |
| Other Student Loans | 0 | 0% | $0 |
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