Lake Area Technical College

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2019 Undergraduate Tuition
$2,904
4.31% growth from 2018
2019 Average Net Price
$11,400
After Financial Aid
2017 Student Loan
7.16%
Default Rate
2019 Enrolled Students
2,228
67.6% Full-Time
2018 Graduation Rate
71%
507 Graduates

About

Lake Area Technical College is a higher education institution located in Codington County, SD. In 2016, the most popular Bachelor's Degree concentrations at Lake Area Technical College were .

In 2019, 842 degrees were awarded across all undergraduate and graduate programs at Lake Area Technical College. 44.2% of these degrees were awarded to women, and 55.8% awarded men. The most common race/ethnicity group of degree recipients was white (755 degrees), 27 times more than then the next closest race/ethnicity group, american indian or alaska native (28 degrees).

The median undergraduate tuition at Lake Area Technical College is $2,904, which is $−4,920 less than the national average for Associates Colleges ($7,824).

Costs

The median undergraduate tuition at Lake Area Technical College is $2,904, which is $−4,920 less than the national average for Associates Colleges ($7,824).

After taking grants and loans into account, the average net price for students is $11,400.

In 2019, 60% of undergraduate students received federal grants, while 68% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$2,904
2019 Undergraduate Tuition

In 2019, the cost of tuition at Lake Area Technical College was $2,904. The cost of tuition at Lake Area Technical College is $−4,920 less than than the overall (public and private) national average for Associates Colleges ($7,824).

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

$11,400
2019 Value
2.47%
1 Year Growth

In 2019 Lake Area Technical College had an average net price — the price paid after factoring in grants and loans — of $11,400. Between 2018 and 2019, the average net price of Lake Area Technical College grew by 2.47%.

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

$6,850
Room and Board
$1,400
Books and Supplies

The average yearly cost of room and board at Lake Area Technical College was of $6,850 in 2019. During the same period, the average yearly cost of books and supplies was $1,400. The cost of room and board did not change between 2018 and 2019. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

60%
Of Undergraduates Receive Grants
68%
Of Undergraduates Receive Federal Loans

60% of undergraduate students at Lake Area Technical College received grants or loans in 2019. This represents a growth of 0% with respect to 2018, when 60% 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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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.
7.16%
2017 Default Rate
52
Number of Defaults

In 2017 the default rate for borrower's at Lake Area Technical College was 7.16%, which represents 52 out of the 726 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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Enrollment

Lake Area Technical College has a total enrollment of 2,228 students. The full-time enrollment at Lake Area Technical College is 1,507 students and the part-time enrollment is 721. This means that 67.6% 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 90.4% White, 2.51% American Indian or Alaska Native, 1.66% Hispanic or Latino, 0.898% Black or African American, 0.763% Asian, 0.404% Two or More Races, and 0.0449% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Area Technical College in full-time Undergraduate programs are most commonly White Male (54.5%), followed by White Female (35.5%) and American Indian or Alaska Native Male (1.46%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

67.6%
Full-Time Enrollment

The total enrollment at Lake Area Technical College, both undergraduate and graduate, is 2,228 students. The full-time enrollment at Lake Area Technical College is 1,507 and the part-time enrollment is 721. This means that 67.6% of students enrolled at Lake Area Technical College are enrolled full-time compared with 34.9% 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

84%
2019 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 84%. Compared with the full-time retention rate at similar Associates Colleges (61%), 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
  1. White
    2,015
  2. American Indian or Alaska Native
    56
  3. Hispanic or Latino
    37

The enrolled student population at Lake Area Technical College is 90.4% White, 2.51% American Indian or Alaska Native, 1.66% Hispanic or Latino, 0.898% Black or African American, 0.763% Asian, 0.404% Two or More Races, and 0.0449% 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 44% White, 26.9% 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, 70 students (3.14%) did not report their race.

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Graduates

In 2019, 98 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 (755 degrees awarded). There were 27 times more white graduates than the next closest race/ethnicity group, american indian or alaska native (28 degrees).

The most common Bachelor's Degree concentration at Lake Area Technical College is N/A, followed by N/A and N/A.

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 (117 degrees awarded), Precision Production (82 degrees), and Mechanical Technologies (140 degrees).

Workforce

Common Jobs by Major

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 (152,779 people), Other managers (85,078 people), Software developers (38,918 people), Aircraft pilots & flight engineers (34,295 people), and Sales representatives, wholesale & manufacturing (31,174 people).

The most specialized majors at Lake Area Technical College are Agriculture (117 degrees awarded), Precision Production (82 degrees), Mechanical Technologies (140 degrees), Transportation (28 degrees), and Public Administration and Social Service (64 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake Area Technical College are Chief executives & legislators, Lawyers, & judges, magistrates, & other judicial workers, Public relations specialists, Dentists, and Real estate brokers & sales agents

The most specialized majors at Lake Area Technical College are Agriculture (117 degrees awarded), Precision Production (82 degrees), Mechanical Technologies (140 degrees), Transportation (28 degrees), and Public Administration and Social Service (64 degrees).

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Common Industries by Major

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 (103,105 people), Individual & family services (97,123 people), Colleges, universities & professional schools, including junior colleges (69,976 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (63,273 people), and Construction (55,345 people).

The most specialized majors at Lake Area Technical College are Agriculture (117 degrees awarded), Precision Production (82 degrees), Mechanical Technologies (140 degrees), Transportation (28 degrees), and Public Administration and Social Service (64 degrees).

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Degrees

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
  1. N/A
    N/A degree-majorss awarded
  2. N/A
    N/A degree-majorss awarded
  3. N/A
    N/A degree-majorss awarded

In false, the most common bachelors degree concentration at Lake Area Technical College was N/A with N/A degrees awarded.

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

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Gender Breakdown for Common Majors

470
Degrees Awarded to Men
in 2019
372
Degrees Awarded to Women
in 2019

In 2019, 470 degrees were awarded to men at Lake Area Technical College, which is 1.26 times more than the number of degrees awarded to females (372).

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

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Most Common Male Majors

In false, 80 degrees were awarded to men at Lake Area Technical College in General Agriculture Management, which is 2.16 times more than the 37 female recipients with that same degree.

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Most Common Female Majors

In false, 59 degrees were awarded to women at Lake Area Technical College in General Human Services, which is 11.8 times more than the 5 male recipients with that same degree.

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Time to Complete

66%
100% Completion Time
71%
150% Completion Time

In 2019, 66% 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, 71% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Lake Area Technical College is Female and Asian (100% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (69.1%).

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, 0.986% of graduates (5 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    755 degrees awarded
  2. American Indian or Alaska Native
    28 degrees awarded
  3. Unknown
    25 degrees awarded

The most common race/ethnicity at Lake Area Technical College is white (755 degrees awarded). There were 27 times more white recipients than the next closest race/ethnicity group, american indian or alaska native (28 degrees).

2.97% of degree recipients (25 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    427 degrees awarded
  2. White Female
    328 degrees awarded
  3. American Indian or Alaska Native Male
    20 degrees awarded

The most common race/ethnicity and gender grouping at Lake Area Technical College is white male (427 degrees awarded). There were 1.3 times more white male recipients than the next closest race/ethnicity group, white female (328 degrees).

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Operations

Lake Area Technical College has an endowment valued at nearly $8.13M, as of the end of the 2019 fiscal year. The return on its endowment was of $111k (1.36%), compared to the 5.92% average return ($255k on $4.3M) across all Associates Colleges.

In 2019, Lake Area Technical College had a total salary expenditure of $26M. Lake Area Technical College employs 108 Instructors, 0 N/A, and 0 N/A. Most academics at Lake Area Technical College are Male Instructors (65), Female Instructors(43), and N/A (0).

The most common positions for non-instructional staff at Lake Area Technical College are: Office and Administrative Support, with 20 employees, Service, with 16 employees, and Management with 12 employees.

Finances

Endowment

$8.13M
2019 Endowment
15.8%
growth from 2018

Lake Area Technical College has an endowment valued at about $8.13M, as of the end of the 2019 fiscal year. The endowment of Lake Area Technical College grew 15.8% from the previous year. The value of their endowment was $3.83M 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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Government Grants and Contracts

Grants & Contracts
  1. $628k - Federal
  2. $0 - State
  3. $0 - Local

As of 2019, Lake Area Technical College received $628k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$10.6M
2019 Salaries
1.82%
growth from 2018

In 2019, Lake Area Technical College paid a median of $10.6M in salaries, which represents 41% of their overall expenditure ($26M) and a 1.82% growth from the previous year. This is compared to a 1.49% growth from 2017 and a 15% growth from 2016.

The median for similar Associates Colleges is 16.6M (44.7% of overall expenditures).

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Instructional Salaries

$6.57M
Instructional Salaries
108
Number of Employees

In 2019, Lake Area Technical College paid a total of $6.57M to 108 employees working as instructors, which represents 61.7% of all salaries paid.

This is compared to a median of $5.1M (30.7%) for similar Associates Colleges.

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Faculty and Staff

Occupations by Share

Instructor
Most Common Instructor
108 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
20 Employees

In 2019, the most common positions for instructional staff at Lake Area Technical College were Instructor with 108 employees; false with 0 employees; and false with 0 employees.

In 2019, the most common positions for non-instructional staff at Lake Area Technical College were Office and Administrative Support with 20 employees; Service with 16 employees; and Management with 12 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Male Instructor
  2. Female Instructor
  3. false

In 2019, the most common demographic for instructional staff at Lake Area Technical College was Male Instructor with 65 employees, Female Instructor with 43 employees, and false with 0 employees.

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

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