For the 2022-23 school year, tuition at Lincoln College of Technology-Melrose Park rose by 2.8%, based on the latest available information, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit college paid $34,835 this year, which is $941 higher than the $33,894 charged during the 2021-22 academic year.
Approximately 99% of the undergraduate students at the institution are residents of Illinois, while about 1% come from other states.
Data indicates that 92% of full-time undergraduates who began their studies at Lincoln College of Technology-Melrose Park in 2022-23 received some form of student financial aid. In total, 898 students were awarded grants or scholarships amounting to $4 million, and 781 students obtained student loans exceeding $6.5 million.
Among all undergraduates, 1,552 students benefited from grants or scholarships totaling $6.2 million, while 1,457 students secured $10.7 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 Lincoln College of Technology-Melrose Park 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 | 727 | 74% | $3.4 million | $4,623 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 496 | 51% | $656,344 | $1,323 |
| Grant or scholarship aid total | 898 | 92% | $4 million | $4,474 |
| Federal student loans | 781 | 80% | $6.5 million | $8,305 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 781 | 80% | $6.5 million | $8,305 |
| Total student aid | 906 | 92% | $10.5 million | $11,593 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
