The cost of tuition at Lincoln Technical Institute-South Plainfield rose by 2.5% 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 enrolled in the two-year private for-profit college paid $34,442 this year, which is $847 more than the $33,595 charged during the 2021-22 academic year.
Approximately 91% of the undergraduate student body are residents of New Jersey, while around 9% come from other states.
Data indicates that 92% of full-time undergraduates who began studies at Lincoln Technical Institute-South Plainfield in 2022-23 received some form of student financial aid. A total of 160 students were awarded grants or scholarships amounting to $810,017, and 141 students secured student loans exceeding $1.2 million.
Across all undergraduate students, 388 received grants or scholarships totaling $1.6 million. Additionally, 352 students borrowed $2.6 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-South Plainfield 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 | 109 | 61% | $529,423 | $4,857 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 116 | 65% | $280,594 | $2,419 |
| Grant or scholarship aid total | 160 | 89% | $810,017 | $5,063 |
| Federal student loans | 141 | 79% | $1.2 million | $8,837 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 141 | 79% | $1.2 million | $8,837 |
| Total student aid | 164 | 92% | $2.1 million | $12,536 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
