COVID Stimulus Watch Individual Entry
Recipient Company:
Lincoln Technical Institute
Grant Amount:
$3,247,522
Recipient Details
Ownership Structure: publicly traded (ticker symbol LINC)
Facility State: CT
Award Details
Award Date: Apr 9, 2020
Award Type: grant
Award Details: 1st Round Payment (HEERF I). Amount is the maximum portion of the school's allocation that can be used for institutional costs.
Program Name: Higher Education Emergency Relief Fund ($500,000 and up)
Legislation: CARES
Awarding Agency: Education Department
Data Source for Award:
https://www2.ed.gov/about/offices/list/ope/allocationstableinstitutional...
Parent Company Data
Parent Company: Lincoln Educational Services Corp
Headquartered in: New Jersey
Parent Sector: miscellaneous services
Parent Industry: for-profit colleges
Employees (prior to pandemic): 1,922
Accountability Issues Since 2010
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Environmental / Healthcare / Safety Penalties: $14,000
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CEO Compensation: $977,046
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