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    <div style="text-align: center; color: #000000; font-weight: bold;">As filed with the Securities and Exchange Commission on June 26, 2020.</div>
    <div>&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;"> <font style="font-size: 10pt;"><br>
      </font></div>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">REGISTRATION STATEMENT</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">UNDER THE SECURITIES ACT OF 1933</div>
    <div style="text-align: center; color: #000000; font-weight: bold;"><br>
    </div>
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    <div>&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;">LINCOLN EDUCATIONAL SERVICES CORPORATION</div>
    <div style="text-align: center; color: #000000;">(Exact Name of Registrant as specified in its charter)</div>
    <div style="text-align: center; color: #000000;"><br>
    </div>
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            <div style="text-align: center; font-weight: bold;">New Jersey</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 49%; vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">57-1150621</div>
          </td>
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          <td style="width: 48.71%; vertical-align: middle;">
            <div style="text-align: center;">(State or other jurisdiction of incorporation or organization)</div>
          </td>
          <td style="width: 2%; vertical-align: top;"><br>
          </td>
          <td style="width: 49%; vertical-align: middle;">
            <div style="text-align: center;">(I.R.S. Employer Identification No.)</div>
          </td>
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    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">200 Executive Drive, Suite 340</div>
    <div style="text-align: center; font-weight: bold;">West Orange, New Jersey 07052</div>
    <div style="text-align: center;">(Address of Principal Executive Offices) (Zip Code)</div>
    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: center;">
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    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan</div>
    <div style="text-align: center;">(Full title of the plan)</div>
    <div style="text-align: center;"><br>
    </div>
    <div style="text-align: center;">
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    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">Alexandra M. Luster</div>
    <div style="text-align: center; font-weight: bold;">Senior Vice President, General Counsel and Corporate Secretary</div>
    <div style="text-align: center; font-weight: bold;">Lincoln Educational Services Corporation</div>
    <div style="text-align: center; font-weight: bold;">200 Executive Drive, Suite 340</div>
    <div style="text-align: center; font-weight: bold;">West Orange, New Jersey 07052</div>
    <div style="text-align: center; font-weight: bold;">(973) 736-9340</div>
    <div style="text-align: center;">(Name, address and telephone number, including area code, of agent for service)</div>
    <div style="text-align: center;"><br>
    </div>
    <div style="text-align: center;">
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    <div>&#160;</div>
    <div style="text-align: center; font-style: italic; font-weight: bold;">Copy to:</div>
    <div style="text-align: center; font-weight: bold;">Michele F. Valliant, Esq.</div>
    <div style="text-align: center; font-weight: bold;">McCarter &amp; English, LLP</div>
    <div style="text-align: center; font-weight: bold;">100 Mulberry Street, Four Gateway Center</div>
    <div style="text-align: center; font-weight: bold;">Newark, NJ 07102</div>
    <div style="text-align: center; font-weight: bold;">(973) 639-2011</div>
    <div style="text-align: center;"><br>
    </div>
    <div style="text-align: center;">
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    <div>&#160;</div>
    <div>Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated
      filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Large accelerated filer</div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#9744;</div>
          </td>
          <td colspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 30%; vertical-align: top;">
            <div>Accelerated filer</div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#9744;</div>
          </td>
          <td style="width: 26%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Non-accelerated filer</div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#9744;</div>
          </td>
          <td colspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 30%; vertical-align: top;">
            <div>Smaller reporting company</div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#9746;</div>
          </td>
          <td style="width: 26%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 30%; vertical-align: top;">
            <div>Emerging growth company</div>
          </td>
          <td style="width: 2%; vertical-align: top;">
            <div>&#9744;</div>
          </td>
          <td style="width: 26%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the
      Securities Act.&#160; &#9744;</div>
    <div>&#160;
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            <div style="text-align: center; font-weight: bold;">CALCULATION OF REGISTRATION FEE</div>
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            <div style="text-align: center; font-weight: bold;">Title of Securities to be Registered</div>
          </td>
          <td style="width: 15.5%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 4px double; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">Amount to be</div>
            <div style="text-align: center; font-weight: bold;">Registered(1)(2)</div>
          </td>
          <td style="width: 16.02%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 4px double; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">Proposed</div>
            <div style="text-align: center; font-weight: bold;">Maximum</div>
            <div style="text-align: center; font-weight: bold;">Offering Price</div>
            <div style="text-align: center; font-weight: bold;">Per Share (3)</div>
          </td>
          <td style="width: 14.39%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 4px double; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">Proposed</div>
            <div style="text-align: center; font-weight: bold;">Maximum</div>
            <div style="text-align: center; font-weight: bold;">Aggregate</div>
            <div style="text-align: center; font-weight: bold;">Offering Price</div>
            <div style="text-align: center; font-weight: bold;">(3)</div>
          </td>
          <td style="width: 12.13%; vertical-align: bottom; border-left: #000000 2px solid; border-top: #000000 4px double; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-weight: bold;">Amount of</div>
            <div style="text-align: center; font-weight: bold;">Registration</div>
            <div style="text-align: center; font-weight: bold;">Fee</div>
          </td>
        </tr>
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            <div>Common Stock, no par value per share (&#8220;Common Stock&#8221;)</div>
          </td>
          <td style="width: 15.5%; vertical-align: middle; border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">2,000,000</div>
          </td>
          <td style="width: 16.02%; vertical-align: middle; border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">$4.15</div>
          </td>
          <td style="width: 14.39%; vertical-align: middle; border-width: 2px 2px 4px; border-style: solid solid double; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">$8,300,000</div>
          </td>
          <td style="width: 12.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">$1,077.34</div>
          </td>
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            <td style="width: 27pt; vertical-align: top;">(1)</td>
            <td style="width: auto; vertical-align: top;">
              <div>This Registration Statement also covers an indeterminate number of additional shares as may become issuable as a result of stock splits, stock dividends or similar transactions.</div>
            </td>
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            <td style="width: 27pt; vertical-align: top;">(2)</td>
            <td style="width: auto; vertical-align: top;">
              <div>In addition, pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), this Registration Statement on Form S-8 (this &#8220;Registration Statement&#8221;) of Lincoln Educational Services Corporation (the
                &#8220;Registrant&#8221;) also covers an indeterminate amount of interests to be offered or sold pursuant to the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan (the &#8220;Plan&#8221;).</div>
            </td>
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            <td style="width: 27pt; vertical-align: top;">(3)</td>
            <td style="width: auto; vertical-align: top;">
              <div>Estimated solely for the purpose of determining the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act, based upon the average of the high and low prices of the Common Stock as quoted on The Nasdaq Global
                Select Stock Market on June 18, 2020.</div>
            </td>
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      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">2</font></div>
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    <div style="text-align: center; margin-left: 1.5pt; color: #000000; font-weight: bold;">PART I</div>
    <div style="text-align: center; font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;">The documents containing the employee benefit plan information required by Item 1 of Form S-8 and the statement of availability of registrant information and any other information
      required by Item 2 of Form S-8 will be sent or given to participants as specified by Rule 428 under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;). In accordance with Rule 428 and the requirements of Part I of Form S-8, such documents
      are not being filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;) either as part of this registration statement (this &#8220;Registration Statement&#8221;) or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities
      Act. Such documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.</div>
    <div><br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">PART II</div>
    <div style="text-align: center; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
    <div>&#160;</div>
    <div>
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            <td style="vertical-align: top; width: 45pt;">
              <div style="text-align: justify; font-weight: bold;">Item 3.</div>
            </td>
            <td style="vertical-align: top; width: auto;">
              <div style="text-align: justify; font-weight: bold;">Incorporation of Documents by Reference.</div>
            </td>
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    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 9pt;">The following documents filed with the Commission by the Registrant are incorporated herein by reference:</div>
    <div>&#160;</div>
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          <td style="width: 27pt; vertical-align: top;">(1)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>the Registrant&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed with the Commission on March 6, 2020;</div>
          </td>
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    <div><br>
    </div>
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          <td style="width: 27pt; vertical-align: top;">(2)</td>
          <td style="width: auto; vertical-align: top;">
            <div>the Registrant&#8217;s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2019, filed with the Commission on May 13, 2020;</div>
          </td>
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    <div> <br>
    </div>
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          <td style="width: 27pt; vertical-align: top;">(3)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>the Registrant&#8217;s Current Reports on Form 8-K dated February 26, 2020, March 13, 2020, March 17, 2020, April 30, 2020, May 13, 2020 and June 5, 2020, respectively;</div>
          </td>
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    </table>
    <div><br>
    </div>
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          <td style="width: 27pt; vertical-align: top;">(4)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>the Registrant&#8217;s definitive Proxy Statement in Schedule 14A, filed on April 29, 2020, to the extent specifically incorporated by reference into Part III of the Registrant&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31,
              2019, and as supplemented on June 5, 2020;</div>
          </td>
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    <div><br>
    </div>
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          <td style="width: 27pt; vertical-align: top;">(5)</td>
          <td style="width: auto; vertical-align: top;">
            <div>the descriptions of the Common Stock of the Registrant set forth in the Registrant&#8217;s registration statements pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and any amendment or report filed
              for the purpose of updating such description.</div>
          </td>
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    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all
      securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the respective dates of filing of such documents. Notwithstanding the
      foregoing, the Registrant is not incorporating any document or other information furnished and not filed in accordance with Commission rules.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the
      extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall
      not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</div>
    <div> <br>
    </div>
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            <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 4.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Description of Securities.</div>
            </td>
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      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 9pt;">Not applicable.</div>
    </div>
    <div> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">3</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb37ccfacdc0a483e860e00018b5b85fa">

        <tr>
          <td style="width: 45pt; vertical-align: top;"><font style="font-weight: bold;">Item</font> <font style="font-weight: bold;">5</font>.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Interests of Named Experts and Counsel.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt; color: rgb(0, 0, 0);">Certain legal matters with respect to the offering of the shares of Common Stock registered hereby have been passed upon by Alexandra M. Luster, General Counsel of the
      Registrant, who has given an opinion on the validity of the securities being registered under this Registration Statement. Ms. Luster beneficially owns, directly or indirectly, or has the right to acquire under the Registrant&#8217;s employee benefit
      plans, an aggregate of less than 1% of the outstanding shares of Common Stock.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z665a9dfb8d98484ea144e56d7288cd11">

        <tr>
          <td style="width: 45pt; vertical-align: top;"><font style="font-weight: bold;">Item</font>&#160;<font style="font-weight: bold;">6.</font></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Indemnification of Directors and Officers.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">The New Jersey Business Corporation Act (&#8220;NJBCA&#8221;) provides that a New Jersey corporation has the power to indemnify a director or officer against his or her expenses and liabilities in connection
      with any proceeding involving the director or officer by reason of his or her being or having been such a director or officer, other than a proceeding by or in the right of the corporation, if such a director or officer acted in good faith and in a
      manner he or she reasonably believed to be in or not opposed to the best interests of the corporation; and with respect to any criminal proceeding, such director or officer had no reasonable cause to believe his or her conduct was unlawful.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">The NJBCA further provides that any indemnification provisions in the law shall not exclude rights to indemnification that a director or officer may be entitled to under a provision of the
      certificate of incorporation, bylaws, an agreement, a vote of shareholders, or otherwise. The NJBCA expressly permits indemnification for liabilities and expenses incurred in proceedings brought by or in the right of a corporation (derivative
      proceedings), with the exception that a corporation may not indemnify a director or officer if a judgment has established that the director&#8217;s or officer&#8217;s acts or omissions were a breach of his or her duty of loyalty, not in good faith, involved a
      knowing violation of the law, or resulted in receipt by the director or officer of an improper personal benefit.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">The Registrant&#8217;s amended and restated certificate of incorporation, as amended (the &#8220;Certificate of Incorporation&#8221;) and amended and restated bylaws (the &#8220;Bylaws&#8221;) limit the liability of directors and
      officers to the maximum extent permitted by NJBCA and any amendments thereto.&#160; Specifically, no director or officer will be personally liable for monetary damages for breach of fiduciary duty as a director or officer, as the case may be, except
      liability for: (i) any breach of their duty of loyalty to the Registrant or the Registrant&#8217;s shareholders; (ii) acts or omissions not in good faith or which involve a knowing violation of the law; or (iii) any transaction from which the director of
      director derived an improper personal benefit.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">The Certificate of Incorporation grants the Registrant the authority to indemnify its directors and officers against expenses, including attorneys&#8217; fees, judgments, fines and amounts paid in
      settlement, incurred in connection with any pending or threatened action, suit, or proceeding, whether civil, criminal, administrative, or investigative, with respect to which an director or officer is a party, or is threatened to be made a party, to
      the fullest extent permitted by the NJBCA and any amendments thereto.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">The Bylaws indemnify the Registrant&#8217;s past, present and future directors and officers:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;against reasonable costs, disbursements and counsel fees paid or incurred where any such person has been successful in the defense on the merits
      or otherwise of any pending, threatened or completed civil, criminal, administrative or arbitrative action, suit or proceeding, and any appeal therein and any inquiry or investigation which could lead to such action, suit or proceeding (collectively,
      &#8220;Legal Action&#8221;), or in defense of any claim, issue or matter therein, brought by reason of such person&#8217;s being or having been a director or officer of the Registrant; or</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">4</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; text-indent: 45pt;">(b) advancement of reasonable costs, disbursements (which shall include amounts paid in satisfaction of settlements, judgments, fines and penalties, exclusive, however, of any amount paid or payable
      to the Registrant) and counsel fees if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Registrant, and in connection with any criminal proceeding such person also
      had no reasonable cause to believe the conduct was unlawful, with the determination as to whether the applicable standard of conduct was met to be made by a majority of the members of the Registrant&#8217;s board of directors (&#8220;Board&#8221;) (sitting as a
      committee of the Board) who were not parties to such Legal Action or by any one or more disinterested counsel to whom the question may be referred by the Board; but in connection with any Legal Action by or in the right of the Registrant, no
      indemnification shall be provided as to any person adjudged by any court to be liable to the Registrant except as and to the extent determined by such court.&#160; Reasonable costs, disbursements and counsel fees incurred by such person in connection with
      any Legal Action may be paid by the Registrant in advance in the final disposition of such matter if authorized by a majority of the Board (sitting as a committee of the Board) not parties to such matter upon receipt by the Registrant of an
      undertaking by or on behalf of such person to repay such amount unless it is ultimately determined that such person is entitled to be indemnified as set forth herein.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">The Registrant enters into indemnification agreements with its directors that provide that the Registrant agrees to hold harmless and indemnify its directors to the fullest extent permitted by
      applicable law or as such applicable law may be amended to increase the scope of such permitted indemnification.&#160; Without limiting the generality of the foregoing, the Registrant agrees to hold harmless and indemnify its directors against any and all
      expenses, judgments, penalties, fines and amounts paid in settlement to the extent legally permitted and actually and reasonably incurred by its directors in connection with the defense of any threatened, pending or completed claim, action, suit or
      proceeding by reason of the fact that an individual is or was a director of the Registrant.&#160; With respect to any criminal proceeding, the Registrant shall indemnify the director provided that she or he had no reasonable cause to believe that her or
      his conduct was unlawful.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">Each of the Certificate of Incorporation and Bylaws authorizes the Registrant to purchase director and officer insurance, which the Registrant currently carries.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">The Registrant believes that these charter and bylaw provisions and indemnification agreements are necessary to attract and retain the services of highly qualified persons as directors and officers.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf9ee7b7f08a344fda9b2e7af4b0355a7">

        <tr>
          <td style="width: 45pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold;">Item 7.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Exemption From Registration Claimed.</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; text-indent: 45pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 45pt;">Not applicable.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zeeeaf3db62214fb497c915d646d53592">

        <tr>
          <td style="width: 45pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold;">Item 8.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Exhibits.</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; text-indent: 45pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 45pt;">The Registrant hereby files the exhibits set forth below.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z42ecba99d5554dd2996a89307ff0ba48">

        <tr>
          <td style="width: 8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">Exhibit </div>
            <div style="font-weight: bold;">Number</div>
          </td>
          <td style="width: 1.98%; vertical-align: bottom;">&#160;</td>
          <td style="width: 90%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Description</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>4.1</div>
            <div>&#160;</div>
          </td>
          <td style="width: 1.98%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.2 of&#160; the Registrant&#8217;s Registration Statement on Form S-1/A (Registration No. 333-123644) filed June 7, 2005).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 1.98%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>4.2</div>
          </td>
          <td style="width: 1.98%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Certificate of Amendment dated November 14, 2019 to the Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 of the Registrant&#8217;s Quarterly Report on Form 10-Q, filed on November 14,
              2019).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 1.98%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>4.3</div>
          </td>
          <td style="width: 1.98%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Amended and Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.1 of the Quarterly Report on Form 10-Q, filed May 13, 2020).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 1.98%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>5.1</div>
          </td>
          <td style="width: 1.98%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Opinion of Alexandra M. Luster, General Counsel of the Registrant (filed herewith).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 1.98%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>10.1</div>
          </td>
          <td style="width: 1.98%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.16 of the Current Report on Form 8-K dated June 6, 2020).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 1.98%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>23.1</div>
          </td>
          <td style="width: 1.98%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Consent of Deloitte &amp; Touche LLP (filed herewith).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 1.98%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>23.2</div>
          </td>
          <td style="width: 1.98%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Consent of counsel (included in Exhibit 5.1).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 1.98%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>24.1</div>
          </td>
          <td style="width: 1.98%; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Power of Attorney (included on signature page of this Registration Statement).</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">5</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4fd662b91ce8419fbf8390a4bf2e942e">

        <tr>
          <td style="width: 45pt; vertical-align: top; font-weight: bold;">Item 9.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Undertakings.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z3de170fd2a8d4c1d8cbb13d4b6e49892">

        <tr>
          <td style="width: 36pt; text-indent: 45pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(b)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The Registrant hereby undertakes:</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-indent: 72pt; margin-left: 9pt;"><font style="color: #000000;">(1)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To file, during any period in which offers or sales are being made, a post-effective amendment to the registration statement:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 108pt; margin-left: 9pt;"><font style="color: #000000;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To include any prospectus required by Section 10(a)(3) of the Securities Act;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 117pt;"><font style="color: rgb(0, 0, 0);">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
      post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
      offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the
      Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective
      registration statement; and</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 117pt;"><font style="color: rgb(0, 0, 0);">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any
      material change to such information in the registration statement;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000;"><u>provided</u><font style="font-style: italic;">,</font><u> however</u>, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be
      included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the 1934 Act that are incorporated by reference in the
      Registration Statement.</div>
    <div><br>
    </div>
    <div style="text-indent: 81pt;"><font style="color: rgb(0, 0, 0);">(2)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement
      relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
    <div>&#160;</div>
    <div style="text-indent: 81pt;"><font style="color: rgb(0, 0, 0);">(3)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="color: rgb(0, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The <font style="color: rgb(0, 0, 0);">Registrant</font> hereby undertakes that, for the purposes of determining any liability under the
      Securities Act, each filing of the <font style="color: rgb(0, 0, 0);">Registrant</font>&#8217;s annual report pursuant to Section 13(a) or 15(d) of the 1934 Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to
      Section 15(d) of the 1934 Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be
      deemed to be the initial bona fide offering thereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;"><font style="color: rgb(0, 0, 0);">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of
      the <font style="color: rgb(0, 0, 0);">Registrant</font> pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the
      Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the <font style="color: rgb(0, 0, 0);">Registrant</font> of expenses incurred or paid by a director,
      officer or controlling person of the <font style="color: rgb(0, 0, 0);">Registrant</font> in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities
      being registered, the <font style="color: rgb(0, 0, 0);">Registrant</font> will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
      indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">6</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 45pt;">Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused
      this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of West Orange, State of New Jersey, on June 26, 2020.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z8a6ed05945064d2d820ba65faa3814b1">

        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" rowspan="1" style="vertical-align: top;">LINCOLN SERVICES EDUCATIONAL CORPORATION</td>
          <td colspan="1" rowspan="1" style="vertical-align: top; width: 10%;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 38%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 10%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">
            <div>By<font style="font-style: italic;">:</font></div>
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          <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-style: italic;">/s/ Brian K. Meyers</div>
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          <td style="width: 10%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 38%; vertical-align: top;">
            <div>Brian K. Meyers</div>
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          <td style="width: 10%; vertical-align: top;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 38%; vertical-align: top;" rowspan="1" colspan="2">
            <div>Executive Vice President, Chief Financial Officer and Treasurer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">POWER OF ATTORNEY</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Scott M. Shaw and Alexandra M. Luster, and each of them severally, as such person&#8217;s
      true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for such person and in such person&#8217;s name, place and stead, in any and all capacities, to sign any and all amendments to the Registration Statement,
      including post-effective amendments, and registration statements filed pursuant to Rule 462 under the Securities Act, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
      Commission, and does hereby grant unto each said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as
      such person might or could do in person, hereby ratifying and confirming all that each said attorney-in-fact and agent, or any substitute therefor, may lawfully do or cause to be done by virtue hereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons on June 26, 2020, in the capacities indicated below.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z2b469137bfc541018acde411894f059f">

        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>
              <div style="font-weight: bold;">&#160;Signature</div>
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          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 41%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>
              <div style="font-weight: bold;">Title</div>
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          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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              <div style="font-weight: bold;">Date</div>
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        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
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            <div style="color: #000000;">Chief Executive Officer and Director</div>
            <div>(Principal Executive Officer)</div>
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          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June&#160; 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Scott M. Shaw</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Brian K. Meyers&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
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          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
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            <div>Executive Vice President, Chief Financial Officer and <font style="color: rgb(0, 0, 0);">Treasurer (Principal Accounting and Financial Officer)</font></div>
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          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Brian K. Meyers</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Alvin O. Austin&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 41%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Director</div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June&#160; 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Alvin O. Austin</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ John A. Bartholdson&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 41%; vertical-align: top;">
            <div>Director</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June&#160; 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>John A. Bartholdson</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Peter S. Burgess&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 41%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><font style="background-color: #FFFFFF;">Director</font></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June&#160; 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Peter S. Burgess</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ James J. Burke, Jr.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 41%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><font style="background-color: #FFFFFF;">Director</font></div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June&#160; 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>James J. Burke, Jr</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Kevin M. Carney&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 41%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><font style="background-color: #FFFFFF;">Director</font></div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June&#160; 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Kevin M. Carney</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Celia H. Currin&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 41%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><font style="background-color: #FFFFFF;">Director</font></div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June&#160; 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Celia H. Currin</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Ronald E. Harbour&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 41%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><font style="background-color: #FFFFFF;">Director</font></div>
          </td>
          <td colspan="1" rowspan="3" style="width: 2%; vertical-align: top;">&#160;&#160;&#160;</td>
          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June&#160; 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>Ronald E. Harbour</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 41%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ J. Barry Morrow&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
          </td>
          <td colspan="1" rowspan="2" style="width: 2%; vertical-align: top;">&#160;&#160;</td>
          <td rowspan="2" style="width: 41%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><font style="background-color: #FFFFFF;">Director</font></div>
          </td>
          <td colspan="1" rowspan="2" style="width: 2%; vertical-align: top;">&#160;&#160;</td>
          <td rowspan="2" style="width: 25%; vertical-align: top;">
            <div>June&#160; 26, 2020</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div>J. Barry Morrow</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">7</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z64cf9127eafd46e08005aed29c7ee1cb">

        <tr>
          <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>
              <div style="font-weight: bold;">Exhibit </div>
              <div style="font-weight: bold;">Number</div>
            </div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 88%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>
              <div style="font-weight: bold;">Description</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div><a href="http://www.sec.gov/Archives/edgar/data/1286613/000104746905016616/a2158903zex-3_2.htm">4.1</a></div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.2 of&#160; the Registrant&#8217;s Registration Statement on Form S-1/A (Registration No. 333-123644) filed June 7, 2005).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div><a href="http://www.sec.gov/Archives/edgar/data/1286613/000114036119020643/ex3_1.htm">4.2</a></div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Certificate of Amendment dated November 14, 2019 to the Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 of&#160; the Registrant&#8217;s Quarterly Report on Form 10-Q, filed on November 14,
              2019).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div><a href="http://www.sec.gov/Archives/edgar/data/1286613/000114036120011561/ex3_1.htm">4.3</a></div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Amended and Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.1 of the Quarterly Report on Form 10-Q, filed May 13, 2020).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div><a href="ex5_1.htm">5.1</a></div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Opinion of Alexandra M. Luster, General Counsel of the Registrant (filed herewith).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div><a href="http://www.sec.gov/Archives/edgar/data/1286613/000114036120013177/ex10_16.htm">10.1</a></div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.16 of the Current Report on Form 8-K filed on June 5, 2020).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div><a href="ex23_1.htm">23.1</a></div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 88%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Consent of Deloitte &amp; Touche LLP (filed herewith).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
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          <td rowspan="1" style="width: 88%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
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            <div>23.2</div>
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            <div>Consent of counsel (included in Exhibit 5.1).</div>
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            <div>Power of Attorney (included on signature page of this Registration Statement).</div>
          </td>
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[{"type": "S-8", "sequence": "1", "filename": "s8.htm", "description": "S-8", "secsgml_size_bytes": 79775}]
{"company-data": {"conformed-name": "LINCOLN EDUCATIONAL SERVICES CORP", "cik": "0001286613", "assigned-sic": "8200", "irs-number": "571150621", "state-of-incorporation": "NJ", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-239453", "film-number": "20992578"}, "business-address": {"street1": "200 EXECUTIVE DRIVE", "city": "WEST ORANGE", "state": "NJ", "zip": "07052", "phone": "9737369340"}, "mail-address": {"street1": "200 EXECUTIVE DRIVE", "city": "WEST ORANGE", "state": "NJ", "zip": "07052"}}
As filed with the Securities and Exchange Commission on June 26, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
LINCOLN EDUCATIONAL SERVICES CORPORATION
(Exact Name of Registrant as specified in its charter)
New Jersey
57-1150621
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
200 Executive Drive, Suite 340
West Orange, New Jersey 07052
(Address of Principal Executive Offices) (Zip Code)
Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan
(Full title of the plan)
Alexandra M. Luster
Senior Vice President, General Counsel and Corporate Secretary
Lincoln Educational Services Corporation
200 Executive Drive, Suite 340
West Orange, New Jersey 07052
(973) 736-9340
(Name, address and telephone number, including area code, of agent for service)
Copy to:
Michele F. Valliant, Esq.
McCarter & English, LLP
100 Mulberry Street, Four Gateway Center
Newark, NJ 07102
(973) 639-2011
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated
      filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☐
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☒
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the
      Securities Act.  ☐
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be
Registered(1)(2)
Proposed
Maximum
Offering Price
Per Share (3)
Proposed
Maximum
Aggregate
Offering Price
(3)
Amount of
Registration
Fee
Common Stock, no par value per share ("Common Stock")
2,000,000
$4.15
$8,300,000
$1,077.34
(1)
This Registration Statement also covers an indeterminate number of additional shares as may become issuable as a result of stock splits, stock dividends or similar transactions.
(2)
In addition, pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement on Form S-8 (this "Registration Statement") of Lincoln Educational Services Corporation (the
                "Registrant") also covers an indeterminate amount of interests to be offered or sold pursuant to the Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan (the "Plan").
(3)
Estimated solely for the purpose of determining the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act, based upon the average of the high and low prices of the Common Stock as quoted on The Nasdaq Global
                Select Stock Market on June 18, 2020.
2
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
The documents containing the employee benefit plan information required by Item 1 of Form S-8 and the statement of availability of registrant information and any other information
      required by Item 2 of Form S-8 will be sent or given to participants as specified by Rule 428 under the Securities Act of 1933, as amended (the "Securities Act"). In accordance with Rule 428 and the requirements of Part I of Form S-8, such documents
      are not being filed with the Securities and Exchange Commission (the "Commission") either as part of this registration statement (this "Registration Statement") or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities
      Act. Such documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
The following documents filed with the Commission by the Registrant are incorporated herein by reference:
(1)
the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed with the Commission on March 6, 2020;
(2)
the Registrant's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2019, filed with the Commission on May 13, 2020;
(3)
the Registrant's Current Reports on Form 8-K dated February 26, 2020, March 13, 2020, March 17, 2020, April 30, 2020, May 13, 2020 and June 5, 2020, respectively;
(4)
the Registrant's definitive Proxy Statement in Schedule 14A, filed on April 29, 2020, to the extent specifically incorporated by reference into Part III of the Registrant's Annual Report on Form 10-K for the fiscal year ended December 31,
              2019, and as supplemented on June 5, 2020;
(5)
the descriptions of the Common Stock of the Registrant set forth in the Registrant's registration statements pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any amendment or report filed
              for the purpose of updating such description.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all
      securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the respective dates of filing of such documents. Notwithstanding the
      foregoing, the Registrant is not incorporating any document or other information furnished and not filed in accordance with Commission rules.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the
      extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall
      not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities.
Not applicable.
3
Item
5
.
Interests of Named Experts and Counsel.
Certain legal matters with respect to the offering of the shares of Common Stock registered hereby have been passed upon by Alexandra M. Luster, General Counsel of the
      Registrant, who has given an opinion on the validity of the securities being registered under this Registration Statement. Ms. Luster beneficially owns, directly or indirectly, or has the right to acquire under the Registrant's employee benefit
      plans, an aggregate of less than 1% of the outstanding shares of Common Stock.
Item
6.
Indemnification of Directors and Officers.
The New Jersey Business Corporation Act ("NJBCA") provides that a New Jersey corporation has the power to indemnify a director or officer against his or her expenses and liabilities in connection
      with any proceeding involving the director or officer by reason of his or her being or having been such a director or officer, other than a proceeding by or in the right of the corporation, if such a director or officer acted in good faith and in a
      manner he or she reasonably believed to be in or not opposed to the best interests of the corporation; and with respect to any criminal proceeding, such director or officer had no reasonable cause to believe his or her conduct was unlawful.
The NJBCA further provides that any indemnification provisions in the law shall not exclude rights to indemnification that a director or officer may be entitled to under a provision of the
      certificate of incorporation, bylaws, an agreement, a vote of shareholders, or otherwise. The NJBCA expressly permits indemnification for liabilities and expenses incurred in proceedings brought by or in the right of a corporation (derivative
      proceedings), with the exception that a corporation may not indemnify a director or officer if a judgment has established that the director's or officer's acts or omissions were a breach of his or her duty of loyalty, not in good faith, involved a
      knowing violation of the law, or resulted in receipt by the director or officer of an improper personal benefit.
The Registrant's amended and restated certificate of incorporation, as amended (the "Certificate of Incorporation") and amended and restated bylaws (the "Bylaws") limit the liability of directors and
      officers to the maximum extent permitted by NJBCA and any amendments thereto.  Specifically, no director or officer will be personally liable for monetary damages for breach of fiduciary duty as a director or officer, as the case may be, except
      liability for: (i) any breach of their duty of loyalty to the Registrant or the Registrant's shareholders; (ii) acts or omissions not in good faith or which involve a knowing violation of the law; or (iii) any transaction from which the director of
      director derived an improper personal benefit.
The Certificate of Incorporation grants the Registrant the authority to indemnify its directors and officers against expenses, including attorneys' fees, judgments, fines and amounts paid in
      settlement, incurred in connection with any pending or threatened action, suit, or proceeding, whether civil, criminal, administrative, or investigative, with respect to which an director or officer is a party, or is threatened to be made a party, to
      the fullest extent permitted by the NJBCA and any amendments thereto.
The Bylaws indemnify the Registrant's past, present and future directors and officers:
(a)
against reasonable costs, disbursements and counsel fees paid or incurred where any such person has been successful in the defense on the merits
      or otherwise of any pending, threatened or completed civil, criminal, administrative or arbitrative action, suit or proceeding, and any appeal therein and any inquiry or investigation which could lead to such action, suit or proceeding (collectively,
      "Legal Action"), or in defense of any claim, issue or matter therein, brought by reason of such person's being or having been a director or officer of the Registrant; or
4
(b) advancement of reasonable costs, disbursements (which shall include amounts paid in satisfaction of settlements, judgments, fines and penalties, exclusive, however, of any amount paid or payable
      to the Registrant) and counsel fees if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Registrant, and in connection with any criminal proceeding such person also
      had no reasonable cause to believe the conduct was unlawful, with the determination as to whether the applicable standard of conduct was met to be made by a majority of the members of the Registrant's board of directors ("Board") (sitting as a
      committee of the Board) who were not parties to such Legal Action or by any one or more disinterested counsel to whom the question may be referred by the Board; but in connection with any Legal Action by or in the right of the Registrant, no
      indemnification shall be provided as to any person adjudged by any court to be liable to the Registrant except as and to the extent determined by such court.  Reasonable costs, disbursements and counsel fees incurred by such person in connection with
      any Legal Action may be paid by the Registrant in advance in the final disposition of such matter if authorized by a majority of the Board (sitting as a committee of the Board) not parties to such matter upon receipt by the Registrant of an
      undertaking by or on behalf of such person to repay such amount unless it is ultimately determined that such person is entitled to be indemnified as set forth herein.
The Registrant enters into indemnification agreements with its directors that provide that the Registrant agrees to hold harmless and indemnify its directors to the fullest extent permitted by
      applicable law or as such applicable law may be amended to increase the scope of such permitted indemnification.  Without limiting the generality of the foregoing, the Registrant agrees to hold harmless and indemnify its directors against any and all
      expenses, judgments, penalties, fines and amounts paid in settlement to the extent legally permitted and actually and reasonably incurred by its directors in connection with the defense of any threatened, pending or completed claim, action, suit or
      proceeding by reason of the fact that an individual is or was a director of the Registrant.  With respect to any criminal proceeding, the Registrant shall indemnify the director provided that she or he had no reasonable cause to believe that her or
      his conduct was unlawful.
Each of the Certificate of Incorporation and Bylaws authorizes the Registrant to purchase director and officer insurance, which the Registrant currently carries.
The Registrant believes that these charter and bylaw provisions and indemnification agreements are necessary to attract and retain the services of highly qualified persons as directors and officers.
Item 7.
Exemption From Registration Claimed.
Not applicable.
Item 8.
Exhibits.
The Registrant hereby files the exhibits set forth below.
Exhibit
Number
Description
4.1
Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.2 of  the Registrant's Registration Statement on Form S-1/A (Registration No. 333-123644) filed June 7, 2005).
4.2
Certificate of Amendment dated November 14, 2019 to the Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 of the Registrant's Quarterly Report on Form 10-Q, filed on November 14,
              2019).
4.3
Amended and Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.1 of the Quarterly Report on Form 10-Q, filed May 13, 2020).
5.1
Opinion of Alexandra M. Luster, General Counsel of the Registrant (filed herewith).
10.1
Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.16 of the Current Report on Form 8-K dated June 6, 2020).
23.1
Consent of Deloitte & Touche LLP (filed herewith).
23.2
Consent of counsel (included in Exhibit 5.1).
24.1
Power of Attorney (included on signature page of this Registration Statement).
5
Item 9.
Undertakings.
(b)
The Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to the registration statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
      post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
      offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the
      Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective
      registration statement; and
(iii)
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any
      material change to such information in the registration statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be
      included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the 1934 Act that are incorporated by reference in the
      Registration Statement.
(2)
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement
      relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(c)
The
Registrant
hereby undertakes that, for the purposes of determining any liability under the
      Securities Act, each filing of the
Registrant
's annual report pursuant to Section 13(a) or 15(d) of the 1934 Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to
      Section 15(d) of the 1934 Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be
      deemed to be the initial bona fide offering thereof.
(d)
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of
      the
Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the
      Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the
Registrant
of expenses incurred or paid by a director,
      officer or controlling person of the
Registrant
in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities
      being registered, the
Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
      indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
6
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused
      this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of West Orange, State of New Jersey, on June 26, 2020.
LINCOLN SERVICES EDUCATIONAL CORPORATION
By
:
/s/ Brian K. Meyers
Brian K. Meyers
Executive Vice President, Chief Financial Officer and Treasurer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Scott M. Shaw and Alexandra M. Luster, and each of them severally, as such person's
      true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for such person and in such person's name, place and stead, in any and all capacities, to sign any and all amendments to the Registration Statement,
      including post-effective amendments, and registration statements filed pursuant to Rule 462 under the Securities Act, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
      Commission, and does hereby grant unto each said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as
      such person might or could do in person, hereby ratifying and confirming all that each said attorney-in-fact and agent, or any substitute therefor, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons on June 26, 2020, in the capacities indicated below.
Signature
Title
Date
/s/ Scott M. Shaw
Chief Executive Officer and Director
(Principal Executive Officer)
June  26, 2020
Scott M. Shaw
/s/ Brian K. Meyers
Executive Vice President, Chief Financial Officer and
Treasurer (Principal Accounting and Financial Officer)
June 26, 2020
Brian K. Meyers
/s/ Alvin O. Austin
Director
June  26, 2020
Alvin O. Austin
/s/ John A. Bartholdson
Director
June  26, 2020
John A. Bartholdson
/s/ Peter S. Burgess
Director
June  26, 2020
Peter S. Burgess
/s/ James J. Burke, Jr.
Director
June  26, 2020
James J. Burke, Jr
/s/ Kevin M. Carney
Director
June  26, 2020
Kevin M. Carney
/s/ Celia H. Currin
Director
June  26, 2020
Celia H. Currin
/s/ Ronald E. Harbour
Director
June  26, 2020
Ronald E. Harbour
/s/ J. Barry Morrow
Director
June  26, 2020
J. Barry Morrow
7
EXHIBIT INDEX
Exhibit
Number
Description
4.1
Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.2 of  the Registrant's Registration Statement on Form S-1/A (Registration No. 333-123644) filed June 7, 2005).
4.2
Certificate of Amendment dated November 14, 2019 to the Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 of  the Registrant's Quarterly Report on Form 10-Q, filed on November 14,
              2019).
4.3
Amended and Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.1 of the Quarterly Report on Form 10-Q, filed May 13, 2020).
5.1
Opinion of Alexandra M. Luster, General Counsel of the Registrant (filed herewith).
10.1
Lincoln Educational Services Corporation 2020 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.16 of the Current Report on Form 8-K filed on June 5, 2020).
23.1
Consent of Deloitte & Touche LLP (filed herewith).
23.2
Consent of counsel (included in Exhibit 5.1).
24.1
Power of Attorney (included on signature page of this Registration Statement).
8