Laurel Business Institute

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2020 Undergraduate Tuition
$10,172
2.75% growth from 2019
2020 Average Net Price
$7,604
After Financial Aid
2018 Student Loan
5.37%
Default Rate
2020 Acceptance Rate
95.4%
219 Applicants
2020 Enrolled Students
238
95.4% Full-Time
2020 Graduation Rate
77.1%
81 Graduates

About

Laurel Business Institute is a higher education institution located in Fayette County, PA. In 2016, the most popular Bachelor's Degree concentrations at Laurel Business Institute were .

In 2020, 180 degrees were awarded across all undergraduate and graduate programs at Laurel Business Institute. 75% of these degrees were awarded to women, and 25% awarded men. The most common race/ethnicity group of degree recipients was white (172 degrees), 34.4 times more than then the next closest race/ethnicity group, black or african american (5 degrees).

The median undergraduate tuition at Laurel Business Institute is $10,172, which is $2,192 more than the national average for Associates Colleges ($7,980).

Costs

The median undergraduate tuition at Laurel Business Institute is $10,172, which is $2,192 more than the national average for Associates Colleges ($7,980).

After taking grants and loans into account, the average net price for students is $7,604.

In 2020, 78% of undergraduate students received federal grants, while 72% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$10,172
2020 Undergraduate Tuition

In 2020, the cost of tuition at Laurel Business Institute was $10,172. The cost of tuition at Laurel Business Institute is $2,192 more than than the overall (public and private) national average for Associates Colleges ($7,980).

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Average Net Price

$7,604
2020 Value
38.5%
1 Year Growth

In 2020 Laurel Business Institute had an average net price — the price paid after factoring in grants and loans — of $7,604. Between 2019 and 2020, the average net price of Laurel Business Institute grew by 38.5%.

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.

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Other Student Expenses

$3,240
Room and Board
$1,226
Books and Supplies

The average yearly cost of room and board at Laurel Business Institute was of $3,240 in 2020. During the same period, the average yearly cost of books and supplies was $1,226. The cost of room and board did not change between 2019 and 2020. The cost of books and supplies decreased by 10.4% during the same period.

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Financial Aid

Financial Aid by Income Level

78%
Of Undergraduates Receive Grants
72%
Of Undergraduates Receive Federal Loans

78% of undergraduate students at Laurel Business Institute received grants or loans in 2020. This represents a growth of 8.33% with respect to 2019, when 72% 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.

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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.
5.37%
2018 Default Rate
8
Number of Defaults

In 2018 the default rate for borrower's at Laurel Business Institute was 5.37%, which represents 8 out of the 149 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 Business Institute received 219 undergraduate applications in 2020, which represents a 87.2% annual growth. Out of those 219 applicants, 209 students were accepted for enrollment, representing a 95.4% acceptance rate.

There were 238 students enrolled at Laurel Business Institute in 2020, and N/A% of first-time enrollees submitted SAT scores with their applications.

Laurel Business Institute has an overall enrollment yield of 49.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

95.4%
Acceptance Rate in 2020
209
Accepted Out of 219

In 2020, the undergraduate acceptance rate of Laurel Business Institute was 95.4% (209 admissions from 219 applications). This is higher than the acceptance rate of 2019, which was 91.5%. Between 2019 and 2020, the number of applicants grew by 87.2%, while admissions grew by 95.3%.

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SAT Scores

N/A%
Submission Percentage
N/A
Scores Submitted

N/A% of enrolled first-time students at Laurel Business Institute in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Laurel Business Institute has a total enrollment of 238 students. The full-time enrollment at Laurel Business Institute is 227 students and the part-time enrollment is 11. This means that 95.4% of students enrolled at Laurel Business Institute are enrolled full-time.

The enrolled student population at Laurel Business Institute, both undergraduate and graduate, is 90.3% White, 7.14% Black or African American, 0.42% Two or More Races, 0% Asian, 0% Native Hawaiian or Other Pacific Islanders, 0% Hispanic or Latino, and 0% American Indian or Alaska Native.

Students enrolled at Laurel Business Institute in full-time Undergraduate programs are most commonly White Female (55.5%), followed by White Male (35.2%) and Black or African American Female (5.73%). 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

95.4%
Full-Time Enrollment

The total enrollment at Laurel Business Institute, both undergraduate and graduate, is 238 students. The full-time enrollment at Laurel Business Institute is 227 and the part-time enrollment is 11. This means that 95.4% of students enrolled at Laurel Business Institute are enrolled full-time compared with 34.4% 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.

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Retention Rate over Time

80%
2020 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 80%. Compared with the full-time retention rate at similar Associates Colleges (60%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    215
  2. Black or African American
    17
  3. Two or More Races
    1

The enrolled student population at Laurel Business Institute is 90.3% White, 7.14% Black or African American, 0.42% Two or More Races, 0% Asian, 0% Native Hawaiian or Other Pacific Islanders, 0% Hispanic or Latino, and 0% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 44.5% White, 26.8% Hispanic or Latino, and 12.2% Black or African American.

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Graduates

In 2020, 90 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 (172 degrees awarded). There were 34.4 times more white graduates than the next closest race/ethnicity group, black or african american (5 degrees).

The most common Bachelor's Degree concentration at Laurel Business Institute is N/A, followed by N/A and N/A.

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 (57 degrees), and Precision Production (8 degrees).

Workforce

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 Business Institute are Registered nurses (1,446,530 people), Accountants & auditors (1,000,108 people), Other managers (805,047 people), Software developers (628,765 people), and Financial managers (501,557 people).

The most specialized majors at Laurel Business Institute are Construction (26 degrees awarded), Personal & Culinary Services (57 degrees), Precision Production (8 degrees), Health (80 degrees), and Computer and Information Sciences and Support Services (5 degrees).

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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 Business Institute are Surgeons, Physicians, Architectural & engineering managers, Chief executives & legislators, and Cardiovascular technologists and technicians

The most specialized majors at Laurel Business Institute are Construction (26 degrees awarded), Personal & Culinary Services (57 degrees), Precision Production (8 degrees), Health (80 degrees), and Computer and Information Sciences and Support Services (5 degrees).

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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 Business Institute are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,747,141 people), Computer Systems Design (984,383 people), Elementary & secondary schools (678,032 people), Banking & related activities (530,389 people), and Insurance carriers (504,051 people).

The most specialized majors at Laurel Business Institute are Construction (26 degrees awarded), Personal & Culinary Services (57 degrees), Precision Production (8 degrees), Health (80 degrees), and Computer and Information Sciences and Support Services (5 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 Laurel Business Institute.
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 Laurel Business Institute was N/A with N/A degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Laurel Business Institute according to their major.

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Sex Breakdown for Common Majors

45
Degrees Awarded to Men
in 2020
135
Degrees Awarded to Women
in 2020

In 2020, 45 degrees were awarded to men at Laurel Business Institute, which is 0.333 times less than the number of degrees awarded to females (135).

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

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Most Common Male Majors

In false, 23 degrees were awarded to men at Laurel Business Institute in Electrician, which is 7.67 times more than the 3 female recipients with that same degree.

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Most Common Female Majors

In false, 37 degrees were awarded to women at Laurel Business Institute in General Cosmetology, which is 37 times more than the 1 male recipients with that same degree.

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Time to Complete

74%
100% Completion Time
80%
150% Completion Time

In 2020, 74% of students graduating from Laurel Business Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 80% completed their degrees within 150% of the normal time, and 80% 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 Sex

Showing demographic groups with ≥ 5 graduating students.
White Female
Highest Graduation Rate (81.7%)

The student demographic with the highest graduation rate at Laurel Business Institute is Female and White (81.7% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (72.4%).

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% of graduates (0 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    172 degrees awarded
  2. Black or African American
    5 degrees awarded
  3. Asian
    1 degrees awarded

The most common race/ethnicity at Laurel Business Institute is white (172 degrees awarded). There were 34.4 times more white recipients than the next closest race/ethnicity group, black or african american (5 degrees).

0.556% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    129 degrees awarded
  2. White Male
    43 degrees awarded
  3. Black or African American Female
    3 degrees awarded

The most common race/ethnicity and sex grouping at Laurel Business Institute is white female (129 degrees awarded). There were 3 times more white female recipients than the next closest race/ethnicity group, white male (43 degrees).

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Operations

Laurel Business Institute has an endowment valued at nearly $N/A, as of the end of the 2020 fiscal year. The return on its endowment was of $0 (NaNk%), compared to the 5.11% average return ($226k on $4.42M) across all Associates Colleges.

In 2020, Laurel Business Institute had a total salary expenditure of $4.44M. Laurel Business Institute employs 21 Instructors, 0 N/A, and 0 N/A. Most academics at Laurel Business Institute are Female Instructors (11), Male Instructors(10), and N/A (0).

The most common positions for non-instructional staff at Laurel Business Institute are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 8 employees, Management, with 5 employees, and Business and Financial Operations with 4 employees.

Finances

Endowment

0%
growth from 2019

This line chart shows how the endowment at Laurel Business Institute (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-Mixed Traditional/Nontraditional Carnegie Classification grouping.

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Government Grants and Contracts

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

As of 2020, Laurel Business Institute received $0 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

$2.02M
2020 Salaries
10.8%
growth from 2019

In 2020, Laurel Business Institute paid a median of $2.02M in salaries, which represents 45.4% of their overall expenditure ($4.44M) and a 10.8% growth from the previous year. This is compared to a 3.85% growth from 2018 and a 2.3% growth from 2017.

The median for similar Associates Colleges is 16.8M (43.6% of overall expenditures).

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Instructional Salaries

$847k
Instructional Salaries
21
Number of Employees

In 2020, Laurel Business Institute paid a total of $847k to 21 employees working as instructors, which represents 41.9% of all salaries paid.

This is compared to a median of $4.98M (29.6%) for similar Associates Colleges.

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Faculty and Staff

Occupations by Share

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

In 2020, the most common positions for instructional staff at Laurel Business Institute were Instructor with 21 employees; false with 0 employees; and false with 0 employees.

In 2020, the most common positions for non-instructional staff at Laurel Business Institute were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 8 employees; Management with 5 employees; and Business and Financial Operations with 4 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Female Instructor
  2. Male Instructor

In 2020, the most common demographic for instructional staff at Laurel Business Institute was Female Instructor with 11 employees, and Male Instructor with 10 employees.

This chart shows the sex split between each academic rank present at Laurel Business Institute.

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