Laurel Business Institute

Associates Colleges

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2017 Undergraduate Tuition

$9,414

7.05% growth from 2016

2017 Average Net Price

$7,344

After Financial Aid

2016 Student Loan

6.94%

Default Rate

2017 Acceptance Rate

85.6%

229 Applicants

2017 Enrolled Students

238

95% Full-Time

2016 Graduation Rate

61.7%

58 Graduates

About

Costs

Admissions

Enrollment

Graduates

Operations

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 2017, 155 degrees were awarded across all undergraduate and graduate programs at Laurel Business Institute. 72.3% of these degrees were awarded to women, and 27.7% awarded men. The majority of degree recipients were white (144 degrees), 16 times more than then the next closest race/ethnicity group, black or african american (9 degrees).

The median undergraduate tuition at Laurel Business Institute is $9,414, which is $2,000 more than the national average for Associates Colleges ($7,414).

Photo by Alex Proimos

Associates Colleges: High Career & Technical-Mixed Traditional/NontraditionalAssociates Colleges

Costs

The median undergraduate tuition at Laurel Business Institute is $9,414, which is $2,000 more than the national average for Associates Colleges ($7,414).

After taking grants and loans into account, the average net price for students is $7,344.

In 2017, 74% of undergraduate students received federal grants, while 76% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$9,414

2017 Undergraduate Tuition

In 2017, the cost of tuition at Laurel Business Institute was $9,414. The cost of tuition at Laurel Business Institute is $2,000 more than than the overall (public and private) national average for Associates Colleges ($7,414).

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Average Net Price

$7,344

2017 Value

8.77%

1 Year Growth

In 2017 Laurel Business Institute had an average net price — the price paid after factoring in grants and loans — of $7,344. Between 2016 and 2017, the average net price of Laurel Business Institute grew by 8.77%.

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

$1,384

Books and Supplies

The average yearly cost of room and board at Laurel Business Institute was of $3,240 in 2017. During the same period, the average yearly cost of books and supplies was $1,384. The cost of room and board did not change between 2016 and 2017. The cost of books and supplies decreased by 1.84% during the same period.

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Financial Aid

Financial Aid by Income Level

74%

Of Undergraduates Receive Grants

76%

Of Undergraduates Receive Federal Loans

74% of undergraduate students at Laurel Business Institute received grants or loans in 2017. This represents a growth of 2.78% with respect to 2016, 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.

6.94%

2016 Default Rate

12

Number of Defaults

In 2016 the default rate for borrower's at Laurel Business Institute was 6.94%, which represents 12 out of the 173 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 229 undergraduate applications in 2017, which represents a 10.1% annual growth. Out of those 229 applicants, 196 students were accepted for enrollment, representing a 85.6% acceptance rate.

There were 238 students enrolled at Laurel Business Institute in 2017, and N/A% of first-time enrollees submitted SAT scores with their applications.

Laurel Business Institute has an overall enrollment yield of 73%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

85.6%

Acceptance Rate in 2017

196

Accepted Out of 229

In 2017, the undergraduate acceptance rate of Laurel Business Institute was 85.6% (196 admissions from 229 applications). This is lower than the acceptance rate of 2016, which was 90.4%. Between 2016 and 2017, the number of applicants grew by 10.1%, while admissions grew by 4.26%.

This chart compares the acceptance rate of Laurel Business Institute (in red) with that of other similar universities.

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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 2017 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 226 students and the part-time enrollment is 12. This means that 95% of students enrolled at Laurel Business Institute are enrolled full-time.

The enrolled student population at Laurel Business Institute, both undergraduate and graduate, is 92.9% White, 5.88% Black or African American, 0.42% Asian, 0.42% Hispanic or Latino, 0% Native Hawaiian or Other Pacific Islanders, 0% Two or More Races, and 0% American Indian or Alaska Native.

Students enrolled at Laurel Business Institute in full-time Undergraduate programs are majority White Female (55.8%), followed by White Male (37.2%) and Black or African American Female (4.42%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

95%

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 226 and the part-time enrollment is 12. This means that 95% of students enrolled at Laurel Business Institute are enrolled full-time compared with 36% 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

86%

2017 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 86%. Compared with the full-time retention rate at similar Associates Colleges (61%), 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

    221

  2. Black or African American

    14

  3. Asian

    1

The enrolled student population at Laurel Business Institute is 92.9% White, 5.88% Black or African American, 0.42% Asian, 0.42% Hispanic or Latino, 0% Native Hawaiian or Other Pacific Islanders, 0% Two or More Races, 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 45.9% White, 25.3% Hispanic or Latino, and 12.8% 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, 1 students (0.42%) did not report their race.

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Graduates

In 2017, 69 more women than men received degrees from Laurel Business Institute. The majority of degree recipients at Laurel Business Institute are white (144 degrees awarded). There were 16 times more white graduates than the next closest race/ethnicity group, black or african american (9 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 Precision Production (19 degrees awarded), Personal & Culinary Services (45 degrees), and Construction (6 degrees).

Workforce

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 (1,308,619 people), Software developers (416,152 people), Other managers (158,421 people), Medical & health services managers (142,703 people), and Pharmacists (130,900 people).

The most specialized majors at Laurel Business Institute are Precision Production (19 degrees awarded), Personal & Culinary Services (45 degrees), Construction (6 degrees), Health (72 degrees), and Human Sciences (4 degrees).

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Highest Paying Jobs by Major

Magnetic resonance imaging technologists

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 Magnetic resonance imaging technologists, Public relations specialists, Surgeons, Podiatrists, and Physicians

The most specialized majors at Laurel Business Institute are Precision Production (19 degrees awarded), Personal & Culinary Services (45 degrees), Construction (6 degrees), Health (72 degrees), and Human Sciences (4 degrees).

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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 (1,475,880 people), Computer Systems Design (481,987 people), Elementary & secondary schools (334,790 people), Colleges, universities & professional schools, including junior colleges (212,812 people), and Outpatient care centers (207,716 people).

The most specialized majors at Laurel Business Institute are Precision Production (19 degrees awarded), Personal & Culinary Services (45 degrees), Construction (6 degrees), Health (72 degrees), and Human Sciences (4 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 degrees awarded

  2. N/A

    N/A degrees awarded

  3. N/A

    N/A degrees awarded

In N/A, 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 recipients from bachelors degree programs at Laurel Business Institute according to their major.

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 43

  2. 112

In 2017, 43 degrees were awarded to men at Laurel Business Institute, which is 0.384 times less than the number of degrees awarded to females (112).

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

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Most Common Male Majors

In N/A, 15 degrees were awarded to men at Laurel Business Institute in Welding Technology, which is 3.75 times more than the 4 female recipients with that same degree.

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Most Common Female Majors

In N/A, 30 degrees were awarded to women at Laurel Business Institute in Phlebotamy Technician, which is 15 times more than the 2 male recipients with that same degree.

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Time to Complete

59%

100% Completion Time

62%

150% Completion Time

In 2017, 59% of students graduating from Laurel Business Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 62% completed their degrees within 150% of the normal time, and 62% 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.

White Female

Highest Graduation Rate (64.8%)

The student demographic with the highest graduation rate at Laurel Business Institute is Female and White (64.8% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (67.2%).

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, 1.72% of graduates (1 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    144 degrees awarded

  2. Black or African American

    9 degrees awarded

  3. Asian

    1 degrees awarded

The most common race/ethnicity at Laurel Business Institute is white (144 degrees awarded). There were 16 times more white recipients than the next closest race/ethnicity group, black or african american (9 degrees).

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

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    105 degrees awarded

  2. White Male

    39 degrees awarded

  3. Black or African American Female

    5 degrees awarded

The most common race/ethnicity and gender grouping at Laurel Business Institute is white female (105 degrees awarded). There were 2.69 times more white female recipients than the next closest race/ethnicity group, white male (39 degrees).

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Operations

Laurel Business Institute has an endowment valued at nearly $N/A, as of the end of the 2017 fiscal year. The return on its endowment was of $0 (N/A%), compared to the 2.22% average return ($81.1k on $3.66M) across all Associates Colleges.

In 2017, Laurel Business Institute had a total expenditure of $3.64M. Of that $3.64M, they spent $1.72M on salaries and $3.64M on benefits.

Laurel Business Institute employs N/A N/A, N/A N/A, and N/A N/A. Most academics at Laurel Business Institute are N/A (N/A), N/A(N/A), and N/A (N/A).

The most common positions for non-instructional staff at Laurel Business Institute are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 6 employees, Management, with 4 employees, and Business and Financial Operations with 3 employees.

Finances

Endowment

$N/A

2017 Endowment

0%

growth from 2016

Laurel Business Institute has an endowment valued at about $N/A, as of the end of the 2017 fiscal year. The endowment of Laurel Business Institute stayed 0% from the previous year. The value of their endowment was $N/A approximately the same as than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

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 2017, 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

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$1.72M

Salary Expenditure

$3.64M

Benefits Expenditure

In 2017, Laurel Business Institute had a total expenditure of $3.64M. Of that $3.64M, they spent $1.72M on salaries and $3.64M on benefits.

The bar chart shows the share of the primary expenses at Laurel Business Institute over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Associates Colleges Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Laurel Business Institute as a share of total expenditure.

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Salary Expenditure

$1.72M

2017 Salaries

4.81%

growth from 2016

In 2017, Laurel Business Institute paid a median of $1.72M in salaries, which represents 47.1% of their overall expenditure ($3.64M) and a 4.81% growth from the previous year. This is compared to a 0.841% growth from 2015 and a 0.824% decline from 2014.

The median for similar Associates Colleges is 14.9M (41.7% of overall expenditures).

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Instructional Salaries

$625k

Instructional Salaries

15

Number of Employees

In 2017, Laurel Business Institute paid a total of $625k to 15 employees working as instructors, which represents 36.4% of all salaries paid.

This is compared to a median of $2.2M (28.2%) for similar Associates Colleges: High Career & Technical-Mixed Traditional/Nontraditional.

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Faculty and Staff

Occupations by Share

N/A

Most Common Instructor

N/A Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

6 Employees

In N/A, the most common positions for instructional staff at Laurel Business Institute were N/A with N/A employees; N/A with N/A employees; and N/A with N/A employees.

In N/A, the most common positions for non-instructional staff at Laurel Business Institute were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 6 employees; Management with 4 employees; and Business and Financial Operations with 3 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. N/A

  2. N/A

  3. N/A

In N/A, the most common demographic for instructional staff at Laurel Business Institute was N/A with N/A employees, N/A with N/A employees, and N/A with N/A employees.

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

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