Lincoln Technical Institute-New Britain
2 Year Degrees
Main Campus
New England Region
http://www.lincolntech.edu/campus/new-britain-ct
Average Annual Tuition at Lincoln Technical Institute-New Britain
The latest data we have for Lincoln Technical Institute-New Britain's annual average net costs are from 2021. These costs and and the average Connecticut schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
| In-state Tuition | Out-of-state Tuition | Median Debt | Avgerate Net Cost | |
|---|---|---|---|---|
| Lincoln Technical Institute-New Britain | $32,663 | $32,663 | $11,250 | $20,366 |
| CT Average | $17,220 | $17,220 | $10,262 | $18,812 |
As you can see, annual costs at Lincoln Technical Institute-New Britain have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Connecticut as well. Connecticut's' higher education costs rose by 36.9% in just the last 10 years, ranking as the 25th highest state.
Lincoln Technical Institute-New Britain Financial Assistance
78% of students enrolled at Lincoln Technical Institute-New Britain receive some form of Federal loan assistance. You can view Lincoln Technical Institute-New Britain's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Connecticut offers a direct-sold 529 college savings plan without residency restrictions, managed by TIAA-CREF, and an advisor-sold 529 savings program that is open only to Connecticut residents, managed by Hartford Life.
| State Plan Name: | Connecticut Higher Education Trust |
|---|---|
| Minimum Contribution: | $25 |
| Maximum Contribution: | up to $300,000 across accounts for a single beneficiary |
| Fees: | There are no maintenance fees, but you will pay an asset management and administrative fee anywhere between 0.01% to 0.12%, depending on your elections. |
Connecticut School Statistics
We've analyzed all other higher education schools in CT, and wrapped it up nicely into a report for you. View our CT analysis report.
There are 29 other accredited private schools located in the state of Connecticut. You can view all CT schools here.