Laurel Technical Institute (215992)

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2022 Undergraduate Tuition
$10,680
3.81% growth from 2021
2022 Average Net Price
$7,253
After Financial Aid
2019 Default Rate
4.12%
on Student Loans
2022 Acceptance Rate
95.2%
125 Applicants
2022 Enrolled Students
118
99.2% Full-Time
2022 Graduation Rate
63.3%
38 Graduates

About

Laurel Technical Institute (215992) is a higher education institution located in Mercer County, PA. In 2022, the most popular Associates Degree concentrations at Laurel Technical Institute (215992) were Electrician (19 degrees awarded), Respiratory Therapy Technician (16 degrees), and Clinical Laboratory Assistant (12 degrees).

In 2022, 95 degrees were awarded across all undergraduate and graduate programs at Laurel Technical Institute (215992). 56.8% of these degrees were awarded to women, and 43.2% awarded men. The most common race/ethnicity group of degree recipients was white (72 degrees), 4.8 times more than then the next closest race/ethnicity group, black or african american (15 degrees).

The median undergraduate tuition at Laurel Technical Institute (215992) is $10,680, which is $2,568 more than the national average for Associates Colleges ($8,112).

Costs

In 2022, the median undergraduate tuition at Laurel Technical Institute (215992) is $10,680, which is $2,568 more than the national average for Associates Colleges ($8,112).

After taking grants and loans into account, the average net price for students is $7,253.

In 2022, 96% of undergraduate students attending Laurel Technical Institute (215992) received financial aid through grants. Comparatively, 73% of undergraduate students received financial aid through loans.

Tuition Costs

$10,680
2022 Undergraduate Tuition

In 2022, the cost of tuition at Laurel Technical Institute (215992) was $10,680. The cost of tuition at Laurel Technical Institute (215992) is $2,568 more than than the overall (public and private) national average for Associates Colleges ($8,112).

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Average Net Price

$7,253
2022 Value
133%
1 Year Growth

In 2022 Laurel Technical Institute (215992) had an average net price — the price paid after factoring in grants and loans — of $7,253. Between 2021 and 2022, the average net price of Laurel Technical Institute (215992) grew by 133%.

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Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$3,240
Room and Board
$1,264
Books and Supplies

The average yearly cost of room and board at Laurel Technical Institute (215992) was of $3,240 in 2022. The cost of room and board did not change between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,264. The cost of books and supplies decreased by 7.33% during the same period.

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Financial Aid by Income Level

96%
Undergraduates Receiving Financial Aid through Grants
73%
Undergraduates Receiving Financial Aid through Loans

96% of undergraduate students at Laurel Technical Institute (215992) received financial aid through grants or loans in 2022. This represents a growth of 20% with respect to 2021, when 80% of undergraduate students received financial aid.

This chart compares the average award discount at Laurel Technical Institute (215992) (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
4.12%
2019 Default Rate
7
Number of Defaults

In 2019 the default rate for borrower's at Laurel Technical Institute (215992) was 4.12%, which represents 7 out of the 170 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Laurel Technical Institute (215992) received 125 undergraduate applications in 2022, which represents a 38.9% annual growth. Out of those 125 applicants, 119 students were accepted for enrollment, representing a 95.2% acceptance rate.

There were 118 students enrolled at Laurel Technical Institute (215992) in 2022.

Laurel Technical Institute (215992) has an overall enrollment yield of 47.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

95.2%
Acceptance Rate in 2022
119
Accepted Out of 125

In 2022, the undergraduate acceptance rate of Laurel Technical Institute (215992) was 95.2% (119 admissions from 125 applications). This is lower than the acceptance rate of 2021, which was 96.7%. Between 2021 and 2022, the number of applicants grew by 38.9%, while admissions grew by 36.8%..

This chart compares the acceptance rate of Laurel Technical Institute (215992) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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Enrollment

Laurel Technical Institute (215992) had a total enrollment of 118 students in 2022. The full-time enrollment at Laurel Technical Institute (215992) is 117 students and the part-time enrollment is 1. This means that 99.2% of students enrolled at Laurel Technical Institute (215992) are enrolled full-time.

The enrolled student population at Laurel Technical Institute (215992), both undergraduate and graduate, is 75.4% White, 14.4% Black or African American, 5.93% Two or More Races, and 3.39% Hispanic or Latino.

Students enrolled at Laurel Technical Institute (215992) in full-time Undergraduate programs are most commonly White Female (49.6%), followed by White Male (25.6%) and Black or African American Male (7.69%).

Full-Time vs Part-Time Enrollment

99.2%
Full-Time Enrollment

The total enrollment at Laurel Technical Institute (215992) in 2022, both undergraduate and graduate, is 118 students. The full-time enrollment at Laurel Technical Institute (215992) is 117 and the part-time enrollment is 1. This means that 99.2% of students enrolled at Laurel Technical Institute (215992) are enrolled full-time compared with 32.2% at similar Associates Colleges.

This chart shows the full-time vs part-time enrollment status at Laurel Technical Institute (215992) (in red) compares to similar universities.

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Retention Rate over Time

71%
2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Laurel Technical Institute (215992) was 71%. Compared with the full-time retention rate at similar Associates Colleges (62%), Laurel Technical Institute (215992) had a retention rate higher than its peers.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    89 enrolled students
  2. Black or African American
    17 enrolled students
  3. Two or More Races
    7 enrolled students

The enrolled student population at Laurel Technical Institute (215992) is 75.4% White, 14.4% Black or African American, 5.93% Two or More Races, and 3.39% Hispanic or Latino. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 42.9% White, 27.9% Hispanic or Latino, and 12.5% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 0 students (0%) did not report their race.

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Graduates

In 2022, 13 more women than men received degrees from Laurel Technical Institute (215992). The most common race/ethnicity group of degree recipients at Laurel Technical Institute (215992) is white (72 degrees awarded). There were 4.8 times more white recipients than the next closest race/ethnicity group, black or african american (15 degrees).

The most common Associates Degree concentration at Laurel Technical Institute (215992) is Electrician (19 degrees awarded), followed by Respiratory Therapy Technician (16 degrees) and Clinical Laboratory Assistant (12 degrees).

In 2022,  the most specialized majors across all degree types at Laurel Technical Institute (215992), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Construction (19 degrees awarded), Precision Production (10 degrees), and Personal & Culinary Services (22 degrees).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Laurel Technical Institute (215992) are Registered nurses (1,481,849 people), Accountants & auditors (1,049,286 people), Other managers (818,105 people), Software developers (665,137 people), and Financial managers (505,469 people).

The most specialized majors at Laurel Technical Institute (215992) in 2022 are Construction (19 degrees awarded), Precision Production (10 degrees), Personal & Culinary Services (22 degrees), Health (41 degrees), and Computer and Information Sciences and Support Services (3 degrees) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Laurel Technical Institute (215992) are Surgeons, Chief executives & legislators, Physicians, Cardiovascular technologists and technicians, and Architectural & engineering managers

The most specialized majors at Laurel Technical Institute (215992) are Construction (19 degrees awarded), Precision Production (10 degrees), Personal & Culinary Services (22 degrees), Health (41 degrees), and Computer and Information Sciences and Support Services (3 degrees) (as of 2022).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Laurel Technical Institute (215992) are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,827,423 people), Computer Systems Design (1,045,197 people), Elementary & secondary schools (716,511 people), Banking & related activities (537,122 people), and Colleges, universities & professional schools, including junior colleges (521,672 people).

The most specialized majors at Laurel Technical Institute (215992) are Construction (19 degrees awarded), Precision Production (10 degrees), Personal & Culinary Services (22 degrees), Health (41 degrees), and Computer and Information Sciences and Support Services (3 degrees) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Laurel Technical Institute (215992).
Most Common (2022)
  1. 19 degrees awarded
  2. 16 degrees awarded
  3. 12 degrees awarded

In 2022, the most common associates degree concentration at Laurel Technical Institute (215992) was Electrician with 19 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Laurel Technical Institute (215992) according to their major.

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Sex Breakdown for Common Majors

41
Degrees Awarded to Men
in 2022
54
Degrees Awarded to Women
in 2022

In 2022, 41 degrees were awarded to men at Laurel Technical Institute (215992), which is 0.759 times less than the number of degrees awarded to females (54).

This chart displays the sex disparity between the top 5 majors at Laurel Technical Institute (215992) by degrees awarded.

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Most Common Male Majors

In 2022, 18 degrees were awarded to men at Laurel Technical Institute (215992) in Electrician, which is 18 times more than the 1 female recipients with that same degree.

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Most Common Female Majors

In 2022, 12 degrees were awarded to women at Laurel Technical Institute (215992) in General Cosmetology. There were no male recipients with the same degree.

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Time to Complete

71%
100% Completion Time
71%
150% Completion Time

In 2022, 71% of students graduating from Laurel Technical Institute (215992) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 71% completed their degrees within 150% of the normal time, and 71% within 200%.

The following chart shows these completion rates over time compared to the average for the Associates Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Two or More Races Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Laurel Technical Institute (215992) is Male and Two or More Races (100% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    72 degrees awarded
  2. Black or African American
    15 degrees awarded
  3. Two or More Races
    4 degrees awarded

The most common race/ethnicity at Laurel Technical Institute (215992) is white (72 degrees awarded). There were 4.8 times more white recipients than the next closest race/ethnicity group, black or african american (15 degrees).

1.05% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    40 degrees awarded
  2. White Male
    32 degrees awarded
  3. Black or African American Female
    10 degrees awarded

The most common race/ethnicity and sex grouping at Laurel Technical Institute (215992) is white female (40 degrees awarded). There were 1.25 times more white female recipients than the next closest race/ethnicity group, white male (32 degrees).

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Operations

Laurel Technical Institute (215992) employs 11 Instructors. Most academics at Laurel Technical Institute (215992) are Female Instructor (8), and Male Instructor (3).

The most common positions for non-instructional staff at Laurel Technical Institute (215992) are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 5 employees, Office and Administrative Support, with 2 employees, and Management with 1 employees.

Salary Expenditure

$1.11M
2022 Salaries
0.39%
growth from 2021

In 2022, Laurel Technical Institute (215992) paid a median of $1.11M in salaries, a 0.39% growth from the previous year.

The median for similar Associates Colleges is 16.8M (40.1% of overall expenditures).

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Instructional Salaries

$452k
Instructional Salaries
11
Number of Employees

In 2022, Laurel Technical Institute (215992) paid a total of $452k to 11 employees working as instructors, which represents 40.6% of all salaries paid.

This is compared to a median of $5.35M (31.8%) for similar Associates Colleges.

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Occupations by Share

Instructor
Most Common Instructor
11 Employees
Librarians, Curators, Archivists, and Academic Affairs and Other Education Services
Most Common Non-Instructional Employee
5 Employees

In 2022, the most common positions for instructional staff at Laurel Technical Institute (215992) was Instructor with 11 employees.

In 2022, the most common positions for non-instructional staff at Laurel Technical Institute (215992) were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 5 employees, Office and Administrative Support with 2 employees, and Management with 1 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Instructor
  2. Male Instructor

In 2022, the most common demographic for instructional staff at Laurel Technical Institute (215992) was Female Instructor with 8 employees, and Male Instructor with 3 employees.

This chart shows the sex split between each academic rank present at Laurel Technical Institute (215992).

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