Laurel Business Institute

laurel.edu

2024 Undergraduate Tuition

$12,668

18.6% growth from 2023

2024 Average Net Price

$6,925

After Financial Aid

2023 Default Rate

0.61%

on Student Loans

2024 Acceptance Rate

76.9%

337 Applicants

2024 Enrolled Students

518

99.4% Full-Time

2024 Graduation Rate

69.4%

77 Graduates

Costs

In 2024, the median undergraduate tuition at Laurel Business Institute is $12,668, which is $4,508 more than the national average for Associates Colleges ($8,160).

After taking grants and loans into account, the average net price for students is $6,925.

In 2024, 60% of undergraduate students attending Laurel Business Institute received financial aid through grants. Comparatively, 72% of undergraduate students received financial aid through loans.

Tuition Costs

$12,668

2024 Undergraduate Tuition

In 2024, the cost of tuition at Laurel Business Institute was $12,668. The cost of tuition at Laurel Business Institute is $4,508 more than than the overall (public and private) national average for Associates Colleges ($8,160).

This chart compares the tuition costs of Laurel Business Institute (in red) with those of other similar universities.

Average Net Price

$6,925

2024 Value

24.6%

1 Year Growth

In 2024 Laurel Business Institute had an average net price — the price paid after factoring in grants and loans — of $6,925. Between 2023 and 2024, the average net price of Laurel Business Institute grew by 24.6%.

This chart compares the average net price of Laurel Business Institute (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.

Financial Aid by Income Level

60%

Undergraduates Receiving Financial Aid through Grants

72%

Undergraduates Receiving Financial Aid through Loans

60% of undergraduate students at Laurel Business Institute received financial aid through grants or loans in 2024. This represents a decline of 25% with respect to 2023, when 80% of undergraduate students received financial aid.

This chart compares the average award discount at Laurel Business Institute (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.

0.61%

2023 Default Rate

Number of Defaults

In 2023 the default rate for borrower's at Laurel Business Institute was 0.61%, which represents 1 out of the 164 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

Laurel Business Institute had a total enrollment of 518 students in 2024. The full-time enrollment at Laurel Business Institute is 515 students and the part-time enrollment is 3. This means that 99.4% of students enrolled at Laurel Business Institute are enrolled full-time.

The enrolled student population at Laurel Business Institute, both undergraduate and graduate, is 79.5% White, 12.2% Black or African American, 5.21% Two or More Races, 0.772% Hispanic or Latino, 0.386% Asian, 0.193% American Indian or Alaska Native, and 0.193% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Laurel Business Institute in full-time Undergraduate programs are most commonly White Female (62.3%), followed by White Male (20.3%) and Black or African American Female (8.4%).

Full-Time vs Part-Time Enrollment

99.4%

Full-Time Enrollment

The total enrollment at Laurel Business Institute in 2024, both undergraduate and graduate, is 518 students. The full-time enrollment at Laurel Business Institute is 515 and the part-time enrollment is 3. This means that 99.4% of students enrolled at Laurel Business Institute are enrolled full-time compared with 31.9% at similar Associates Colleges.

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

Retention Rate over Time

76%

2024 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 Business Institute was 76%. Compared with the full-time retention rate at similar Associates Colleges (64%), Laurel Business Institute had a retention rate higher than its peers.

This chart shows the retention rate over time at Laurel Business Institute (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
412 enrolled students
Black or African American
63 enrolled students
Two or More Races
27 enrolled students

The enrolled student population at Laurel Business Institute is 79.5% White, 12.2% Black or African American, 5.21% Two or More Races, 0.772% Hispanic or Latino, 0.386% Asian, 0.193% American Indian or Alaska Native, and 0.193% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 41.3% White, 28.4% Hispanic or Latino, and 13.2% Black or African American.

Graduates

In 2024, 119 more women than men received degrees from Laurel Business Institute. The most common race/ethnicity group of degree recipients at Laurel Business Institute is white (196 degrees awarded). There were 14 times more white recipients than the next closest race/ethnicity group, black or african american (14 degrees).

The most common Associates Degree concentration at Laurel Business Institute is Registered Nursing (38 degrees awarded), followed by Electrician (26 degrees) and Respiratory Care Therapist (17 degrees).

In 2024, the most specialized majors across all degree types at Laurel Business Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Construction (26 degrees awarded), Personal & Culinary Services (69 degrees), and Precision Production (15 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Laurel Business Institute are Registered nurses (1,508,297 people), Software developers (632,772 people), Other managers (200,441 people), Medical & health services managers (171,843 people), and Nurse practitioners & nurse midwives (167,658 people).

The most specialized majors at Laurel Business Institute in 2024 are Construction (26 degrees awarded), Personal & Culinary Services (69 degrees), Precision Production (15 degrees), Health (95 degrees), and Human Sciences (3 degrees) (as of 2024).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Laurel Business Institute are Surgeons, Cardiovascular technologists and technicians, Chief executives & legislators, Magnetic resonance imaging technologists, and Dentists

The most specialized majors at Laurel Business Institute are Construction (26 degrees awarded), Personal & Culinary Services (69 degrees), Precision Production (15 degrees), Health (95 degrees), and Human Sciences (3 degrees) (as of 2024).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Laurel Business Institute are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,675,632 people), Computer Systems Design (650,125 people), Elementary & secondary schools (390,397 people), Outpatient care centers (302,741 people), and Colleges, universities & professional schools, including junior colleges (246,930 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Laurel Business Institute.

Most Common (2024)

Welding Technology
15 degrees awarded
Licensed Practical & Vocational Nurse Training
13 degrees awarded
General Cosmetology
13 degrees awarded

In 2024, the most common 1 to 2 year postsecondary certificate concentration at Laurel Business Institute was Welding Technology with 15 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Laurel Business Institute according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2024

168

Degrees Awarded to Women

in 2024

In 2024, 49 degrees were awarded to men at Laurel Business Institute, which is 0.292 times less than the number of degrees awarded to females (168).

This chart displays the sex disparity between the top 5 majors at Laurel Business Institute by degrees awarded.

Most Common Male Majors

In 2024, 25 degrees were awarded to men at Laurel Business Institute in Electrician, which is 25 times more than the 1 female recipients with that same degree.

Most Common Female Majors

In 2024, 36 degrees were awarded to men at Laurel Business Institute in Registered Nursing, which is 18 times more than the 2 male recipients with that same degree.

Time to Complete

79%

100% Completion Time

79%

150% Completion Time

In 2024, 79% of students graduating from Laurel Business Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 79% completed their degrees within 150% of the normal time, and 79% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
196 degrees awarded
Black or African American
14 degrees awarded
Two or More Races
4 degrees awarded

The most common race/ethnicity at Laurel Business Institute is white (196 degrees awarded). There were 14 times more white recipients than the next closest race/ethnicity group, black or african american (14 degrees).

0.461% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
158 degrees awarded
White Female
154 degrees awarded
White Female
130 degrees awarded

The most common race/ethnicity and sex grouping at Laurel Business Institute is white female (158 degrees awarded). There were 1.03 times more white female recipients than the next closest race/ethnicity group, white female (154 degrees).

Laurel Business Institute

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Laurel Business Institute

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About

Costs

Tuition Costs

Average Net Price

Financial Aid by Income Level

Student Loan Default Rate

Admissions

Acceptance Rate

Enrollment

Full-Time vs Part-Time Enrollment

Retention Rate over Time

Enrollment by Race & Ethnicity

Graduates

Common Jobs by Major

Highest Paying Jobs by Major

Common Industries by Major

Majors Awarded

Sex Breakdown for Common Majors

Most Common Male Majors

Most Common Female Majors

Time to Complete

Race & Ethnicity by Share

Race & Ethnicity by Sex

Operations

Salary Expenditure

Instructional Salaries

Occupations by Share

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