Tuition fees at Lincoln Technical Institute-Moorestown rose by 2.9% for the 2022-23 academic year, based on the most recent data available, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $30,133 this year, which is $835 higher than the $29,298 charged during the 2021-22 academic year.
Approximately 85% of the undergraduate student body are residents of New Jersey, while the remaining 15% come from other states.
Records indicate that 97% of full-time undergraduates who began their studies at Lincoln Technical Institute-Moorestown in 2022-23 received some form of student financial aid. A total of 469 students were awarded grants or scholarships amounting to $2.2 million, and 422 students obtained student loans exceeding $2.9 million.
Across all undergraduates, 1,094 students benefited from grants or scholarships totaling $4.2 million. Additionally, 959 students secured federal student loans totaling $6 million.
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-Moorestown 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 | 363 | 74% | $1.6 million | $4,349 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 437 | 89% | $631,060 | $1,444 |
| Grant or scholarship aid total | 469 | 95% | $2.2 million | $4,712 |
| Federal student loans | 422 | 86% | $2.9 million | $6,767 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 422 | 86% | $2.9 million | $6,767 |
| Total student aid | 479 | 97% | $5.1 million | $10,575 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
