Laurel Technical Institute (408729)

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2022 Undergraduate Tuition
$10,680
8.51% growth from 2021
2022 Average Net Price
$8,680
After Financial Aid
2019 Default Rate
4.12%
on Student Loans
2022 Acceptance Rate
60%
15 Applicants
2022 Enrolled Students
21
95.2% Full-Time
2022 Graduation Rate
78.6%
33 Graduates

About

Laurel Technical Institute (408729) is a higher education institution located in Crawford County, PA. In 2022, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Laurel Technical Institute (408729) were General Cosmetology (12 degrees awarded) and Medical Assistant (6 degrees).

In 2022, 59 degrees were awarded across all undergraduate and graduate programs at Laurel Technical Institute (408729). 93.2% of these degrees were awarded to women, and 6.78% awarded men. The most common race/ethnicity group of degree recipients was white (55 degrees), 18.3 times more than then the next closest race/ethnicity group, black or african american (3 degrees).

The median undergraduate tuition at Laurel Technical Institute (408729) is $10,680, which is $2,568 more than the national average for Associates Colleges ($8,112).

Costs

In 2022, the median undergraduate tuition at Laurel Technical Institute (408729) is $10,680, which is $2,568 more than the national average for Associates Colleges ($8,112).

After taking grants and loans into account, the average net price for students is $8,680.

In 2022, 86% of undergraduate students attending Laurel Technical Institute (408729) received financial aid through grants. Comparatively, 71% of undergraduate students received financial aid through loans.

Tuition Costs

$10,680
2022 Undergraduate Tuition

In 2022, the cost of tuition at Laurel Technical Institute (408729) was $10,680. The cost of tuition at Laurel Technical Institute (408729) is $2,568 more than than the overall (public and private) national average for Associates Colleges ($8,112).

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Average Net Price

$8,680
2022 Value
10.4%
1 Year Growth

In 2022 Laurel Technical Institute (408729) had an average net price — the price paid after factoring in grants and loans — of $8,680. Between 2021 and 2022, the average net price of Laurel Technical Institute (408729) grew by 10.4%.

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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
$1,264
Books and Supplies

The average yearly cost of room and board at Laurel Technical Institute (408729) was of $3,240 in 2022. The cost of room and board did not change between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,264. The cost of books and supplies decreased by 7.33% during the same period.

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Financial Aid by Income Level

86%
Undergraduates Receiving Financial Aid through Grants
71%
Undergraduates Receiving Financial Aid through Loans

86% of undergraduate students at Laurel Technical Institute (408729) received financial aid through grants or loans in 2022. This represents a growth of 0% with respect to 2021, when 86% of undergraduate students received financial aid.

This chart compares the average award discount at Laurel Technical Institute (408729) (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.
4.12%
2019 Default Rate
7
Number of Defaults

In 2019 the default rate for borrower's at Laurel Technical Institute (408729) was 4.12%, which represents 7 out of the 170 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 Technical Institute (408729) received 15 undergraduate applications in 2022, which represents a 81.3% annual growth. Out of those 15 applicants, 9 students were accepted for enrollment, representing a 60% acceptance rate.

There were 21 students enrolled at Laurel Technical Institute (408729) in 2022.

Laurel Technical Institute (408729) has an overall enrollment yield of 88.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

60%
Acceptance Rate in 2022
9
Accepted Out of 15

In 2022, the undergraduate acceptance rate of Laurel Technical Institute (408729) was 60% (9 admissions from 15 applications). This is lower than the acceptance rate of 2021, which was 91.3%. Between 2021 and 2022, the number of applicants grew by 81.3%, while admissions declined by −87.7%..

This chart compares the acceptance rate of Laurel Technical Institute (408729) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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Enrollment

Laurel Technical Institute (408729) had a total enrollment of 21 students in 2022. The full-time enrollment at Laurel Technical Institute (408729) is 20 students and the part-time enrollment is 1. This means that 95.2% of students enrolled at Laurel Technical Institute (408729) are enrolled full-time.

The enrolled student population at Laurel Technical Institute (408729), both undergraduate and graduate, is 85.7% White and 9.52% Black or African American.

Students enrolled at Laurel Technical Institute (408729) in full-time Undergraduate programs are most commonly White Female (85%), followed by Black or African American Female (10%).

Full-Time vs Part-Time Enrollment

95.2%
Full-Time Enrollment

The total enrollment at Laurel Technical Institute (408729) in 2022, both undergraduate and graduate, is 21 students. The full-time enrollment at Laurel Technical Institute (408729) is 20 and the part-time enrollment is 1. This means that 95.2% of students enrolled at Laurel Technical Institute (408729) are enrolled full-time compared with 32.2% at similar Associates Colleges.

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Retention Rate over Time

60%
2022 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 Technical Institute (408729) was 60%. Compared with the full-time retention rate at similar Associates Colleges (62%), Laurel Technical Institute (408729) had a retention rate lower than its peers.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    18 enrolled students
  2. Black or African American
    2 enrolled students

The enrolled student population at Laurel Technical Institute (408729) is 85.7% White and 9.52% Black or African American. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 42.9% White, 27.9% Hispanic or Latino, and 12.5% Black or African American.

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Graduates

In 2022, 51 more women than men received degrees from Laurel Technical Institute (408729). The most common race/ethnicity group of degree recipients at Laurel Technical Institute (408729) is white (55 degrees awarded). There were 18.3 times more white recipients than the next closest race/ethnicity group, black or african american (3 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Laurel Technical Institute (408729) is General Cosmetology (12 degrees awarded), followed by Medical Assistant (6 degrees).

In 2022,  the most specialized majors across all degree types at Laurel Technical Institute (408729), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (20 degrees awarded), Health (25 degrees), and Computer and Information Sciences and Support Services (3 degrees).

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Laurel Technical Institute (408729) are Elementary & middle school teachers (1,571,406 people), Registered nurses (1,443,536 people), Software developers (582,397 people), Secondary school teachers (452,661 people), and Education administrators (262,976 people).

The most specialized majors at Laurel Technical Institute (408729) in 2022 are Personal & Culinary Services (20 degrees awarded), Health (25 degrees), Computer and Information Sciences and Support Services (3 degrees), Education (1 degrees), and Engineering Technologies (0 degrees) (as of 2022).

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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 Laurel Technical Institute (408729) are Cardiovascular technologists and technicians, Surgeons, Chief executives & legislators, Physicians, and Architectural & engineering managers

The most specialized majors at Laurel Technical Institute (408729) are Personal & Culinary Services (20 degrees awarded), Health (25 degrees), Computer and Information Sciences and Support Services (3 degrees), Education (1 degrees), and Engineering Technologies (0 degrees) (as of 2022).

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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 Laurel Technical Institute (408729) are Elementary & secondary schools (2,865,581 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,630,125 people), Computer Systems Design (647,932 people), Colleges, universities & professional schools, including junior colleges (397,563 people), and Outpatient care centers (287,559 people).

The most specialized majors at Laurel Technical Institute (408729) are Personal & Culinary Services (20 degrees awarded), Health (25 degrees), Computer and Information Sciences and Support Services (3 degrees), Education (1 degrees), and Engineering Technologies (0 degrees) (as of 2022).

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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 Laurel Technical Institute (408729).
Most Common (2022)
  1. 12 degrees awarded
  2. 6 degrees awarded

In 2022, the most common 1 to 2 year postsecondary certificate concentration at Laurel Technical Institute (408729) was General Cosmetology with 12 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Laurel Technical Institute (408729) according to their major.

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Sex Breakdown for Common Majors

4
Degrees Awarded to Men
in 2022
55
Degrees Awarded to Women
in 2022

In 2022, 4 degrees were awarded to men at Laurel Technical Institute (408729), which is 0.0727 times less than the number of degrees awarded to females (55).

This chart displays the sex disparity between the top 5 majors at Laurel Technical Institute (408729) by degrees awarded.

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Most Common Male Majors

In 2022, 3 degrees were awarded to men at Laurel Technical Institute (408729) in Network & System Administration. There were no female recipients with the same degree.

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Most Common Female Majors

In 2022, 12 degrees were awarded to women at Laurel Technical Institute (408729) in General Cosmetology. There were no male recipients with the same degree.

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Time to Complete

77%
100% Completion Time
77%
150% Completion Time

In 2022, 77% of students graduating from Laurel Technical Institute (408729) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 77% completed their degrees within 150% of the normal time, and 77% 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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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Black or African American Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Laurel Technical Institute (408729) is Female and Black or African American (100% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (73.2%).

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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    55 degrees awarded
  2. Black or African American
    3 degrees awarded

The most common race/ethnicity at Laurel Technical Institute (408729) is white (55 degrees awarded). There were 18.3 times more white recipients than the next closest race/ethnicity group, black or african american (3 degrees).

1.69% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    51 degrees awarded
  2. White Male
    4 degrees awarded
  3. Black or African American Female
    3 degrees awarded

The most common race/ethnicity and sex grouping at Laurel Technical Institute (408729) is white female (51 degrees awarded). There were 12.8 times more white female recipients than the next closest race/ethnicity group, white male (4 degrees).

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Operations

Laurel Technical Institute (408729) employs 6 Instructors. Most academics at Laurel Technical Institute (408729) are Female Instructor (6), and Male Instructor (0).

The most common positions for non-instructional staff at Laurel Technical Institute (408729) are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 2 employees, Management, with 1 employees, and Office and Administrative Support with 1 employees.

Salary Expenditure

$846k
2022 Salaries
8.42%
growth from 2021

In 2022, Laurel Technical Institute (408729) paid a median of $846k in salaries, a 8.42% growth from the previous year.

The median for similar Associates Colleges is 16.8M (40.1% of overall expenditures).

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Instructional Salaries

$200k
Instructional Salaries
6
Number of Employees

In 2021, Laurel Technical Institute (408729) paid a total of $200k to 6 employees working as instructors, which represents 25.6% of all salaries paid.

This is compared to a median of $5.35M (31.8%) for similar Associates Colleges.

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Occupations by Share

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

In 2021, the most common positions for instructional staff at Laurel Technical Institute (408729) was Instructor with 6 employees.

In 2022, the most common positions for non-instructional staff at Laurel Technical Institute (408729) were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 2 employees, Management with 1 employees, and Office and Administrative Support with 1 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2021)
  1. Female Instructor
  2. Male Instructor

In 2021, the most common demographic for instructional staff at Laurel Technical Institute (408729) was Female Instructor with 6 employees, and Male Instructor with 0 employees.

This chart shows the sex split between each academic rank present at Laurel Technical Institute (408729).

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