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Friday, April 26, 2024

Cost of college was unchanged for all students at Lincoln College of Technology-Melrose Park

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Tuition and fees was unchanged for 2017-18 at Lincoln College of Technology-Melrose Park, according to the latest disclosure from the U.S. Department of Education.

Illinois students paid $34,137 to attend the two-year private for-profit institution in both the 2016-17 and 2017-18 academic years.

Data shows 89 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 389 students received grants or scholarships totaling $1.8 million and 399 students took out student loans totaling more than $3.31 million.

Including all undergraduates, 801 students used grants or scholarships totaling $3.52 million. Another 815 took out $5.99 million in federal student loans.

The cost of attending
Enrollment
2014-15
2015-16
2016-17
2017-18
Change in tuition and fees 2014-15 to 2017-18
~666
$32,452
$33,316
$34,137
$34,137
5.2%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Lincoln College of Technology-Melrose Park in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
383
79%
$1,743,202
$4,551
State / local grant or scholarship
0
0%
$0
Institutional grants or scholarships
14
3%
$59,914
$4,280
Grant or scholarship aid total
389
80%
$1,803,116
$4,635
Federal student loans
399
82%
$3,299,685
$8,270
Other student loans
0%
Student loan aid
399
82%
$3,314,310
$8,307
Total student aid
433
89%

Editor's note: A previous version of this story incorrectly described the cost of attendance, which includes both tuition and fees.

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