Lake Area Technical College

www.lakeareatech.edu

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    2024 Undergraduate Tuition
    $3,720
    2024 Average Net Price
    $13,551
    After Financial Aid
    2024 Enrolled Students
    2,312
    63.3% Full-Time
    2024 Graduation Rate
    73.1%
    516 Graduates

    About

    Lake Area Technical College is a higher education institution located in Codington County, SD. In 2024, the most popular Associates Degree concentrations at Lake Area Technical College were Diesel Mechanics Technology (92 degrees awarded), General Agriculture Management (87 degrees), and General Marketing & Marketing Management (66 degrees).

    In 2024, 847 degrees were awarded across all undergraduate and graduate programs at Lake Area Technical College. 47.5% of these degrees were awarded to women, and 52.5% awarded men. The most common race/ethnicity group of degree recipients was white (783 degrees), 34 times more than then the next closest race/ethnicity group, hispanic or latino (23 degrees).

    The median undergraduate tuition at Lake Area Technical College is $3,720, which is $−4,440 less than the national average for Associates Colleges ($8,160).

    Associates Colleges: High Career & Technical-High TraditionalAssociates Colleges

    Costs

    In 2024, the median undergraduate tuition at Lake Area Technical College is $3,720, which is $4,440 less than the national average for Associates Colleges ($8,160).

    After taking grants and loans into account, the average net price for students is $13,551.

    In 2024, 58% of undergraduate students attending Lake Area Technical College received financial aid through grants. Comparatively, 57% of undergraduate students received financial aid through loans.

    Tuition Costs

    $3,720
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at Lake Area Technical College was $3,720. The cost of tuition at Lake Area Technical College is $−4,440 less than than the overall (public and private) national average for Associates Colleges ($8,160).

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

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    Average Net Price

    $13,551
    2024 Value
    7.94%
    1 Year Growth

    In 2024 Lake Area Technical College had an average net price — the price paid after factoring in grants and loans — of $13,551. Between 2023 and 2024, the average net price of Lake Area Technical College grew by 7.94%.

    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.

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    Other Student Expenses

    $9,000
    Room and Board
    $1,200
    Books and Supplies

    The average yearly cost of room and board at Lake Area Technical College was of $9,000 in 2024. The cost of room and board increased by 18.4% between 2023 and 2024.

    During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies decreased by 23.1% during the same period.

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

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    Financial Aid by Income Level

    58%
    Undergraduates Receiving Financial Aid through Grants
    57%
    Undergraduates Receiving Financial Aid through Loans

    58% of undergraduate students at Lake Area Technical College received financial aid through grants or loans in 2024. This represents a growth of 5.45% with respect to 2023, when 55% 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.

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    Enrollment

    Lake Area Technical College had a total enrollment of 2,312 students in 2024. The full-time enrollment at Lake Area Technical College is 1,464 students and the part-time enrollment is 848. This means that 63.3% 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 89.1% White, 2.81% Hispanic or Latino, 2.29% American Indian or Alaska Native, 1.51% Black or African American, 0.779% Asian, 0.433% Two or More Races, and 0.303% Native Hawaiian or Other Pacific Islanders.

    Students enrolled at Lake Area Technical College in full-time Undergraduate programs are most commonly White Male (55.4%), followed by White Female (34.7%) and Hispanic or Latino Male (1.85%).

    Full-Time vs Part-Time Enrollment

    63.3%
    Full-Time Enrollment

    The total enrollment at Lake Area Technical College in 2024, both undergraduate and graduate, is 2,312 students. The full-time enrollment at Lake Area Technical College is 1,464 and the part-time enrollment is 848. This means that 63.3% of students enrolled at Lake Area Technical College are enrolled full-time compared with 31.9% 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.

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    Retention Rate over Time

    81%
    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 Lake Area Technical College was 81%. 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.

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    Enrollment by Race & Ethnicity

    Most Common Race or Ethnicity (2024)
    1. White
      2,059 enrolled students
    2. Hispanic or Latino
      65 enrolled students
    3. American Indian or Alaska Native
      53 enrolled students

    The enrolled student population at Lake Area Technical College is 89.1% White, 2.81% Hispanic or Latino, 2.29% American Indian or Alaska Native, 1.51% Black or African American, 0.779% Asian, 0.433% Two or More Races, and 0.303% 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.

    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, 63 students (2.72%) did not report their race.

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    Graduates

    In 2024, 43 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 (783 degrees awarded). There were 34 times more white recipients than the next closest race/ethnicity group, hispanic or latino (23 degrees).

    The most common Associates Degree concentration at Lake Area Technical College is Diesel Mechanics Technology (92 degrees awarded), followed by General Agriculture Management (87 degrees) and General Marketing & Marketing Management (66 degrees).

    In 2024,  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 (87 degrees awarded), Mechanical Technologies (159 degrees), and Transportation (34 degrees).

    Common Jobs by Major

    Social workers, all other
    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 Social workers, all other (149,116 people), Other managers (94,267 people), Software developers (42,335 people), Aircraft pilots & flight engineers (36,144 people), and Elementary & middle school teachers (34,247 people).

    The most specialized majors at Lake Area Technical College in 2024 are Agriculture (87 degrees awarded), Mechanical Technologies (159 degrees), Transportation (34 degrees), Precision Production (64 degrees), and Engineering Technologies (43 degrees) (as of 2024).

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    Highest Paying Jobs by Major

    Physicians
    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 Physicians, Cardiovascular technologists and technicians, Surgeons, Actuaries, and Geoscientists and hydrologists, except geographers

    The most specialized majors at Lake Area Technical College are Agriculture (87 degrees awarded), Mechanical Technologies (159 degrees), Transportation (34 degrees), Precision Production (64 degrees), and Engineering Technologies (43 degrees) (as of 2024).

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    Common Industries by Major

    Elementary & secondary schools
    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 Elementary & secondary schools (125,763 people), Individual & family services (98,092 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (79,445 people), Colleges, universities & professional schools, including junior colleges (74,606 people), and Computer Systems Design (65,099 people).

    The most specialized majors at Lake Area Technical College are Agriculture (87 degrees awarded), Mechanical Technologies (159 degrees), Transportation (34 degrees), Precision Production (64 degrees), and Engineering Technologies (43 degrees) (as of 2024).

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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 Lake Area Technical College.
    Most Common (2024)
    1. Licensed Practical & Vocational Nurse Training
      89 degrees awarded
    2. General Cosmetology
      35 degrees awarded
    3. Welding Technology
      30 degrees awarded

    In 2024, the most common 1 to 2 year postsecondary certificate concentration at Lake Area Technical College was Licensed Practical & Vocational Nurse Training with 89 degrees awarded.

    This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Lake Area Technical College according to their major.

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    Sex Breakdown for Common Majors

    445
    Degrees Awarded to Men
    in 2024
    402
    Degrees Awarded to Women
    in 2024

    In 2024, 445 degrees were awarded to men at Lake Area Technical College, which is 1.11 times more than the number of degrees awarded to females (402).

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

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    Most Common Male Majors

    In 2024, 89 degrees were awarded to men at Lake Area Technical College in Diesel Mechanics Technology, which is 29.7 times more than the 3 female recipients with that same degree.

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    Most Common Female Majors

    In 2024, 85 degrees were awarded to men at Lake Area Technical College in Licensed Practical & Vocational Nurse Training, which is 9.44 times more than the 9 male recipients with that same degree.

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    Time to Complete

    59%
    100% Completion Time
    64%
    150% Completion Time

    In 2024, 59% 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, 64% completed their degrees within 150% of the normal time, and 65% 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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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      783 degrees awarded
    2. Hispanic or Latino
      23 degrees awarded
    3. American Indian or Alaska Native
      15 degrees awarded

    The most common race/ethnicity at Lake Area Technical College is white (783 degrees awarded). There were 34 times more white recipients than the next closest race/ethnicity group, hispanic or latino (23 degrees).

    1.06% of degree recipients (9 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Male
      450 degrees awarded
    2. White Male
      449 degrees awarded
    3. White Male
      436 degrees awarded

    The most common race/ethnicity and sex grouping at Lake Area Technical College is white male (450 degrees awarded). There were 1 times more white male recipients than the next closest race/ethnicity group, white male (449 degrees).

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    Operations

    Lake Area Technical College has an endowment valued at nearly $12.6M, as of the end of the 2024 fiscal year. The return on its endowment was of 231k (1.83%) compared to the 12.8% average return (818k on 6.41M) across all Associates Colleges.

    In 2024, Lake Area Technical College had a total salary expenditure of 47.2M. Lake Area Technical College employs 115 Instructors. Most academics at Lake Area Technical College are Male Instructor (64), and Female Instructor (51).

    The most common positions for non-instructional staff at Lake Area Technical College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 20 employees, Service, with 17 employees, and Office and Administrative Support with 15 employees.

    Endowment

    $12.6M
    2024 Endowment
    50.3%
    decline from 2023

    Lake Area Technical College has an endowment valued at about $12.6M, as of the end of the 2024 fiscal year. The endowment of Lake Area Technical College declined 50.3% from the previous year. The value of their endowment was $6.23M 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.

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    Salary Expenditure

    $14.3M
    2024 Salaries
    10.2%
    growth from 2023

    In 2024, Lake Area Technical College paid a median of $14.3M in salaries, which represents 30.4% of their overall expenditure ($47.2M) and a 10.2% growth from the previous year. This is compared to a 6.84% growth between 2022 and 2023, and a 2.13% growth between 2021 and 2022.

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    Instructional Salaries

    $8.39M
    Instructional Salaries
    115
    Number of Employees

    In 2024, Lake Area Technical College paid a total of $8.39M to 115 employees working as instructors, which represents 58.6% of all salaries paid.

    This is compared to a median of $720k (4.04%) for similar Associates Colleges.

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    Occupations by Share

    In 2024, the most common positions for non-instructional staff at Lake Area Technical College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 20 employees, Service with 17 employees, and Office and Administrative Support with 15 employees.

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