<SEC-DOCUMENT>0000892712-24-000113.txt : 20241003
<SEC-HEADER>0000892712-24-000113.hdr.sgml : 20241003
<ACCEPTANCE-DATETIME>20241003140017
ACCESSION NUMBER:		0000892712-24-000113
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241003

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LINCOLN EDUCATIONAL SERVICES CORP
		CENTRAL INDEX KEY:			0001286613
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				571150621
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81262
		FILM NUMBER:		241350870

	BUSINESS ADDRESS:	
		STREET 1:		14 SYLVAN WAY
		STREET 2:		SUITE A
		CITY:			PARSIPPANY
		STATE:			NJ
		ZIP:			07054
		BUSINESS PHONE:		973-736-9340

	MAIL ADDRESS:	
		STREET 1:		14 SYLVAN WAY
		STREET 2:		SUITE A
		CITY:			PARSIPPANY
		STATE:			NJ
		ZIP:			07054

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HEARTLAND ADVISORS INC
		CENTRAL INDEX KEY:			0000937394
		ORGANIZATION NAME:           	
		IRS NUMBER:				391078128
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		790 N WATER STREET
		STREET 2:		SUITE 1200
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		414-347-7777

	MAIL ADDRESS:	
		STREET 1:		790 N WATER STREET
		STREET 2:		SUITE 1200
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0000892712-14-000784</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000937394</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>10</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/30/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001286613</issuerCik>
        <issuerName>LINCOLN EDUCATIONAL SERVICES CORP</issuerName>
        <issuerCusip>533535100</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>14 SYLVAN WAY</com:street1>
          <com:street2>SUITE A</com:street2>
          <com:city>PARSIPPANY</com:city>
          <com:stateOrCountry>NJ</com:stateOrCountry>
          <com:zipCode>07054</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>HEARTLAND ADVISORS INC</reportingPersonName>
      <citizenshipOrOrganization>WI</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1456858.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1482108.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1482108.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.7</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <comments>The persons filing this Schedule 13G are Heartland Advisors, Inc., an investment adviser registered with the SEC, Heartland Holdings, Inc., the parent holding company of Heartland Advisors, Inc., and William R. Nasgovitz, Chief Executive Officer and control person of Heartland Advisors, Inc. and Heartland Holdings, Inc. The reporting persons do not admit that they constitute a group.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Heartland Holdings, Inc.</reportingPersonName>
      <citizenshipOrOrganization>WI</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1456858.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1482108.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1482108.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.7</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <comments>The persons filing this Schedule 13G are Heartland Advisors, Inc., an investment adviser registered with the SEC, Heartland Holdings, Inc., the parent holding company of Heartland Advisors, Inc., and William R. Nasgovitz, Chief Executive Officer and control person of Heartland Advisors, Inc. and Heartland Holdings, Inc. The reporting persons do not admit that they constitute a group.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>William R. Nasgovitz</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1456858.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1482108.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1482108.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>4.7</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>The persons filing this Schedule 13G are Heartland Advisors, Inc., an investment adviser registered with the SEC, Heartland Holdings, Inc., the parent holding company of Heartland Advisors, Inc., and William R. Nasgovitz, Chief Executive Officer and control person of Heartland Advisors, Inc. and Heartland Holdings, Inc. The reporting persons do not admit that they constitute a group.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>LINCOLN EDUCATIONAL SERVICES CORP</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>14 SYLVAN WAY, SUITE A, PARSIPPANY, NEW JERSEY, 07054.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>(1)	Heartland Advisors, Inc.
(2)	Heartland Holdings, Inc.
(3)	William R. Nasgovitz

Heartland Advisors, Inc. is a wholly-owned subsidiary of Heartland Holdings, Inc., which is controlled by Mr. Nasgovitz.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>All reporting persons may be contacted at:
790 North Water Street, Suite 1200
Milwaukee, WI 53202</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Heartland Advisors, Inc. is a Wisconsin corporation.  Heartland Holdings, Inc. is a Wisconsin corporation.  William R. Nasgovitz is a United States citizen.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
        <typeOfPersonFiling>HC</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>1,482,108 shares may be deemed beneficially owned within the meaning of Rule 13d-3 of the Act by (1) Heartland Advisors, Inc. by virtue of its investment discretion and/or voting authority granted by certain clients; (2) Heartland Holdings, Inc.; and (3) William R. Nasgovitz by virtue of his control of Heartland Advisors, Inc. and Heartland Holdings, Inc.

Mr. Nasgovitz disclaims beneficial ownership of any shares reported on the Schedule.  Heartland Holdings, Inc. files this Schedule solely as the parent company of Heartland Advisors, Inc. and indirect beneficial owner of the Common Stock held by Heartland Advisors, Inc.</amountBeneficiallyOwned>
        <classPercent>4.7</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>For information on voting and dispositive power with respect to the above listed shares, see Items 5-9 on the Cover Pages.</solePowerOrDirectToVote>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>The clients of Heartland Advisors, Inc., a registered investment adviser, including an investment company registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of shares included on this Schedule. The shares disclosed in this filing are owned by various accounts managed by Heartland Advisors, Inc. on a discretionary basis. To the best of Heartland Advisors' knowledge, none of the accounts owns more than 5% of the outstanding stock.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>N</notApplicableFlag>
        <subsidiaryIdentificationAndClassification>See Item 3 and Cover Pages.</subsidiaryIdentificationAndClassification>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <exhibitInfo>Exhibit 1 - Joint Filing Agreement (incorporated by reference to Exhibit 1 of the Reporting Persons' Schedule 13G/A filed with the SEC on February 2, 2023)
https://www.sec.gov/Archives/edgar/data/937394/000089271223000014/exhibit1.htm

Exhibit 2 - Power of Attorney (incorporated by reference to Exhibit 2 of the Reporting Persons' Schedule 13G/A filed with the SEC on February 2, 2023)
https://www.sec.gov/Archives/edgar/data/937394/000089271223000014/exhibit2.htm</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>HEARTLAND ADVISORS INC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Vinita K. Paul</signature>
        <title>Vinita K. Paul, Vice President, Chief Compliance Officer, General Counsel and Secretary</title>
        <date>10/03/2024</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Heartland Holdings, Inc.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Vinita K. Paul</signature>
        <title>Vinita K. Paul, Vice President, General Counsel and Secretary</title>
        <date>10/03/2024</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>William R. Nasgovitz</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Vinita K. Paul</signature>
        <title>Vinita K. Paul, As Attorney in Fact for William R. Nasgovitz (Pursuant to Power of Attorney Previously Filed)</title>
        <date>10/03/2024</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
