Lake Area Technical College

www.lakeareatech.edu

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2023 Undergraduate Tuition

$3,720

2023 Average Net Price

$12,554

After Financial Aid

2020 Default Rate

0.132%

on Student Loans

2023 Enrolled Students

2,179

64.2% Full-Time

2023 Graduation Rate

63.9%

372 Graduates

About

Lake Area Technical College is a higher education institution located in Codington County, SD. In 2023, the most popular Associates Degree concentrations at Lake Area Technical College were General Agriculture Management (104 degrees awarded), Diesel Mechanics Technology (89 degrees), and General Marketing & Marketing Management (62 degrees).

In 2023, 939 degrees were awarded across all undergraduate and graduate programs at Lake Area Technical College. 47.6% of these degrees were awarded to women, and 52.4% awarded men. The most common race/ethnicity group of degree recipients was white (839 degrees), 33.6 times more than then the next closest race/ethnicity group, american indian or alaska native (25 degrees).

The median undergraduate tuition at Lake Area Technical College is $3,720, which is $−4,533 less than the national average for Associates Colleges ($8,253).

In 2020 the default rate for borrower's at Lake Area Technical College was 0.132%, corresponding to 1 out of the 755 total borrowers.

Associates Colleges: High Career & Technical-High Traditional Associates Colleges

Costs

In 2023, the median undergraduate tuition at Lake Area Technical College is $3,720, which is $4,533 less than the national average for Associates Colleges ($8,253).

After taking grants and loans into account, the average net price for students is $12,554.

In 2023, 55% of undergraduate students attending Lake Area Technical College received financial aid through grants. Comparatively, 59% of undergraduate students received financial aid through loans.

Tuition Costs

$3,720

2023 Undergraduate Tuition

In 2023, the cost of tuition at Lake Area Technical College was $3,720. The cost of tuition at Lake Area Technical College is $−4,533 less than than the overall (public and private) national average for Associates Colleges ($8,253).

This chart compares the tuition costs of Lake Area Technical College (in red) with those of other similar universities.

Average Net Price

$12,554

2023 Value

1.42%

1 Year Growth

In 2023 Lake Area Technical College had an average net price — the price paid after factoring in grants and loans — of $12,554. Between 2022 and 2023, the average net price of Lake Area Technical College grew by 1.42%.

This chart compares the average net price of Lake Area Technical College (in red) with that of other similar universities.

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.

Other Student Expenses

$7,600

Room and Board

$1,560

Books and Supplies

The average yearly cost of room and board at Lake Area Technical College was of $7,600 in 2023. The cost of room and board increased by 4.54% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,560. The cost of books and supplies increased by 4.7% during the same period.

This chart compares the average student costs at Lake Area Technical College (in red) with that of similar universities.

Financial Aid by Income Level

55%

Undergraduates Receiving Financial Aid through Grants

59%

Undergraduates Receiving Financial Aid through Loans

55% of undergraduate students at Lake Area Technical College received financial aid through grants or loans in 2023. This represents a decline of 44.4% with respect to 2022, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Lake Area Technical College (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.

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.

0.132%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Lake Area Technical College was 0.132%, which represents 1 out of the 755 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.

Enrollment

Lake Area Technical College had a total enrollment of 2,179 students in 2023. The full-time enrollment at Lake Area Technical College is 1,399 students and the part-time enrollment is 780. This means that 64.2% of students enrolled at Lake Area Technical College are enrolled full-time.

The enrolled student population at Lake Area Technical College, both undergraduate and graduate, is 91.2% White, 2.66% Hispanic or Latino, 2.25% American Indian or Alaska Native, 1.24% Asian, 1.1% Black or African American, 0.459% Native Hawaiian or Other Pacific Islanders, and 0.229% Two or More Races.

Students enrolled at Lake Area Technical College in full-time Undergraduate programs are most commonly White Male (55.1%), followed by White Female (36.2%) and Hispanic or Latino Male (1.4%).

Full-Time vs Part-Time Enrollment

64.2%

Full-Time Enrollment

The total enrollment at Lake Area Technical College in 2023, both undergraduate and graduate, is 2,179 students. The full-time enrollment at Lake Area Technical College is 1,399 and the part-time enrollment is 780. This means that 64.2% of students enrolled at Lake Area Technical College are enrolled full-time compared with 32.3% at similar Associates Colleges.

This chart shows the full-time vs part-time enrollment status at Lake Area Technical College (in red) compares to similar universities.

Retention Rate over Time

83%

2023 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 Lake Area Technical College was 83%. Compared with the full-time retention rate at similar Associates Colleges (64%), Lake Area Technical College had a retention rate higher than its peers.

This chart shows the retention rate over time at Lake Area Technical College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,988 enrolled students
Hispanic or Latino
58 enrolled students
American Indian or Alaska Native
49 enrolled students

The enrolled student population at Lake Area Technical College is 91.2% White, 2.66% Hispanic or Latino, 2.25% American Indian or Alaska Native, 1.24% Asian, 1.1% Black or African American, 0.459% Native Hawaiian or Other Pacific Islanders, and 0.229% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 41.7% White, 28.7% Hispanic or Latino, and 12.6% 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, 16 students (0.734%) did not report their race.

Graduates

In 2023, 45 fewer women than men received degrees from Lake Area Technical College. The most common race/ethnicity group of degree recipients at Lake Area Technical College is white (839 degrees awarded). There were 33.6 times more white recipients than the next closest race/ethnicity group, american indian or alaska native (25 degrees).

The most common Associates Degree concentration at Lake Area Technical College is General Agriculture Management (104 degrees awarded), followed by Diesel Mechanics Technology (89 degrees) and General Marketing & Marketing Management (62 degrees).

In 2023, the most specialized majors across all degree types at Lake Area Technical College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Agriculture (104 degrees awarded), Mechanical Technologies (158 degrees), and Precision Production (75 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lake Area Technical College are Other managers (72,109 people), Construction managers (49,382 people), Software developers (38,558 people), Aircraft pilots & flight engineers (35,133 people), and Farmers, ranchers, & other agricultural managers (28,508 people).

The most specialized majors at Lake Area Technical College in 2023 are Agriculture (104 degrees awarded), Mechanical Technologies (158 degrees), Precision Production (75 degrees), Engineering Technologies (74 degrees), and Transportation (30 degrees) (as of 2023).

Highest Paying Jobs by Major

Cardiovascular technologists and technicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake Area Technical College are Cardiovascular technologists and technicians, Physicians, Aircraft pilots & flight engineers, Chief executives & legislators, and Personal financial advisors

The most specialized majors at Lake Area Technical College are Agriculture (104 degrees awarded), Mechanical Technologies (158 degrees), Precision Production (75 degrees), Engineering Technologies (74 degrees), and Transportation (30 degrees) (as of 2023).

Common Industries by Major

Construction

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake Area Technical College are Construction (108,049 people), Individual & family services (94,629 people), Elementary & secondary schools (88,528 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (60,312 people), and Computer Systems Design (52,710 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lake Area Technical College.

Most Common (2023)

General Agriculture Management
104 degrees awarded
Diesel Mechanics Technology
89 degrees awarded
General Marketing & Marketing Management
62 degrees awarded

In 2023, the most common associates degree concentration at Lake Area Technical College was General Agriculture Management with 104 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Lake Area Technical College according to their major.

Sex Breakdown for Common Majors

492

Degrees Awarded to Men

in 2023

447

Degrees Awarded to Women

in 2023

In 2023, 492 degrees were awarded to men at Lake Area Technical College, which is 1.1 times more than the number of degrees awarded to females (447).

This chart displays the sex disparity between the top 5 majors at Lake Area Technical College by degrees awarded.

Most Common Male Majors

In 2023, 87 degrees were awarded to men at Lake Area Technical College in Diesel Mechanics Technology, which is 43.5 times more than the 2 female recipients with that same degree.

Most Common Female Majors

In 2023, 82 degrees were awarded to men at Lake Area Technical College in Licensed Practical & Vocational Nurse Training, which is 10.3 times more than the 8 male recipients with that same degree.

Time to Complete

64%

100% Completion Time

70%

150% Completion Time

In 2023, 64% of students graduating from Lake Area Technical College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 70% completed their degrees within 150% of the normal time, and 73% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Lake Area Technical College is Male and Asian (100% graduation rate). Across all Associates Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

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.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 4.03% of graduates (15 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
839 degrees awarded
American Indian or Alaska Native
25 degrees awarded
Hispanic or Latino
24 degrees awarded

The most common race/ethnicity at Lake Area Technical College is white (839 degrees awarded). There were 33.6 times more white recipients than the next closest race/ethnicity group, american indian or alaska native (25 degrees).

2.88% of degree recipients (27 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
450 degrees awarded
White Female
389 degrees awarded
American Indian or Alaska Native Female
18 degrees awarded

The most common race/ethnicity and sex grouping at Lake Area Technical College is white male (450 degrees awarded). There were 1.16 times more white male recipients than the next closest race/ethnicity group, white female (389 degrees).

Operations

Lake Area Technical College has an endowment valued at nearly $25.4M, as of the end of the 2023 fiscal year. The return on its endowment was of 11k (0.0434%) compared to the 7.3% average return (423k on 5.8M) across all Associates Colleges.

In 2023, Lake Area Technical College had a total salary expenditure of 40.2M. Lake Area Technical College employs 114 Instructors. Most academics at Lake Area Technical College are Male Instructor (64), and Female Instructor (50).

The most common positions for non-instructional staff at Lake Area Technical College are: Office and Administrative Support, with 18 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 16 employees, and Service with 14 employees.

Endowment

$25.4M

2023 Endowment

8.47%

decline from 2022

Lake Area Technical College has an endowment valued at about $25.4M, as of the end of the 2023 fiscal year. The endowment of Lake Area Technical College declined 8.47% from the previous year. The value of their endowment was $19.6M higher than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Lake Area Technical College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: High Career & Technical-High Traditional Carnegie Classification grouping.

Salary Expenditure

$13M

2023 Salaries

6.84%

growth from 2022

In 2023, Lake Area Technical College paid a median of $13M in salaries, which represents 32.3% of their overall expenditure ($40.2M) and a 6.84% growth from the previous year. This is compared to a 2.13% growth between 2021 and 2022, and a 6.46% growth between 2020 and 2021.

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

Instructional Salaries

$7.93M

Instructional Salaries

114

Number of Employees

In 2023, Lake Area Technical College paid a total of $7.93M to 114 employees working as instructors, which represents 61% of all salaries paid.

This is compared to a median of $731k (4.21%) for similar Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

114 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

18 Employees

In 2023, the most common positions for instructional staff at Lake Area Technical College was Instructor with 114 employees.

In 2023, the most common positions for non-instructional staff at Lake Area Technical College were Office and Administrative Support with 18 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 16 employees, and Service with 14 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Instructor
Female Instructor

In 2023, the most common demographic for instructional staff at Lake Area Technical College was Male Instructor with 64 employees, and Female Instructor with 50 employees.

This chart shows the sex split between each academic rank present at Lake Area Technical College.

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