Lawrence Technological University

www.ltu.edu

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2023 Undergraduate Tuition

$40,672

6% growth from 2022

2023 Average Net Price

$33,807

After Financial Aid

2021 Default Rate

on Student Loans

2023 Acceptance Rate

80.2%

2,121 Applicants

2023 Enrolled Students

3,260

51.4% Full-Time

2023 Graduation Rate

62.3%

223 Graduates

About

Lawrence Technological University is a higher education institution located in Oakland County, MI. In 2023, the most popular Bachelors Degree concentrations at Lawrence Technological University were Electrical & Electronics Engineering (65 degrees awarded), Architectural & Building Sciences & Technology (56 degrees), and Mechanical Engineering (51 degrees).

In 2023, 613 degrees were awarded across all undergraduate and graduate programs at Lawrence Technological University. 29.7% of these degrees were awarded to women, and 70.3% awarded men. The most common race/ethnicity group of degree recipients was white (414 degrees), 12.9 times more than then the next closest race/ethnicity group, black or african american (32 degrees).

The median undergraduate tuition at Lawrence Technological University is $40,672, which is $16,097 more than the national average for Masters Colleges and Universities ($24,575).

In 2021 the default rate for borrower's at Lawrence Technological University was 0%, corresponding to 0 out of the 436 total borrowers.

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Lawrence Technological University is $40,672, which is $16,097 more than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $33,807.

In 2023, 69% of undergraduate students attending Lawrence Technological University received financial aid through grants. Comparatively, 47% of undergraduate students received financial aid through loans.

Tuition Costs

$40,672

2023 Undergraduate Tuition

In 2023, the cost of tuition at Lawrence Technological University was $40,672. The cost of tuition at Lawrence Technological University is $16,097 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Lawrence Technological University (in red) with those of other similar universities.

Average Net Price

$33,807

2023 Value

3.57%

1 Year Growth

In 2023 Lawrence Technological University had an average net price — the price paid after factoring in grants and loans — of $33,807. Between 2022 and 2023, the average net price of Lawrence Technological University grew by 3.57%.

This chart compares the average net price of Lawrence Technological University (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.

Other Student Expenses

$11,320

Room and Board

$1,662

Books and Supplies

The average yearly cost of room and board at Lawrence Technological University was of $11,320 in 2023. The cost of room and board increased by 2.4% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,662. The cost of books and supplies increased by 4.01% during the same period.

This chart compares the average student costs at Lawrence Technological University (in red) with that of similar universities.

Financial Aid by Income Level

69%

Undergraduates Receiving Financial Aid through Grants

47%

Undergraduates Receiving Financial Aid through Loans

69% of undergraduate students at Lawrence Technological University received financial aid through grants or loans in 2023. This represents a decline of 1.43% with respect to 2022, when 70% of undergraduate students received financial aid.

This chart compares the average award discount at Lawrence Technological University (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.

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.

2021 Default Rate

Number of Defaults

In 2021 the default rate for borrower's at Lawrence Technological University was 0%, which represents 0 out of the 436 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.

Admissions

Lawrence Technological University received 2,121 undergraduate applications in 2023, which represents a 16.4% annual growth. Out of those 2,121 applicants, 1,702 students were accepted for enrollment, representing a 80.2% acceptance rate.

There were 3,260 students enrolled at Lawrence Technological University in 2023. 83% of first-time enrollees submitted SAT scores with their applications.

Lawrence Technological University has an overall enrollment yield of 18.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

80.2%

Acceptance Rate in 2023

1,702

Accepted Out of 2,121

In 2023, the undergraduate acceptance rate of Lawrence Technological University was 80.2% (1,702 admissions from 2,121 applications). This is lower than the acceptance rate of 2022, which was 81.9%. Between 2022 and 2023, the number of applicants declined by 16.4%, while admissions declined by 18.1%.

This chart compares the acceptance rate of Lawrence Technological University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

83%

Submission Percentage (2019)

300

Scores Submitted (2019)

83% of enrolled first-time students at Lawrence Technological University in 2019 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Lawrence Technological University had a total enrollment of 3,260 students in 2023. The full-time enrollment at Lawrence Technological University is 1,676 students and the part-time enrollment is 1,584. This means that 51.4% of students enrolled at Lawrence Technological University are enrolled full-time.

The enrolled student population at Lawrence Technological University, both undergraduate and graduate, is 48.5% White, 14.2% Black or African American, 4.54% Asian, 3.25% Hispanic or Latino, 2.82% Two or More Races, 0.153% Native Hawaiian or Other Pacific Islanders, and 0.153% American Indian or Alaska Native.

Students enrolled at Lawrence Technological University in full-time Undergraduate programs are most commonly White Male (42.6%), followed by White Female (20.7%) and Black or African American Male (7.15%). Students enrolled in full-time Graduate programs are most commonly White Female (26.2%), followed by White Male (16.3%) and Asian Male (2.33%).

Full-Time vs Part-Time Enrollment

51.4%

Full-Time Enrollment

The total enrollment at Lawrence Technological University in 2023, both undergraduate and graduate, is 3,260 students. The full-time enrollment at Lawrence Technological University is 1,676 and the part-time enrollment is 1,584. This means that 51.4% of students enrolled at Lawrence Technological University are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Lawrence Technological University (in red) compares to similar universities.

Retention Rate over Time

77%

2023 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 Lawrence Technological University was 77%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Lawrence Technological University had a retention rate higher than its peers.

This chart shows the retention rate over time at Lawrence Technological University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,580 enrolled students
Black or African American
462 enrolled students
Asian
148 enrolled students

The enrolled student population at Lawrence Technological University is 48.5% White, 14.2% Black or African American, 4.54% Asian, 3.25% Hispanic or Latino, 2.82% Two or More Races, 0.153% Native Hawaiian or Other Pacific Islanders, and 0.153% 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 Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% 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, 199 students (6.1%) did not report their race.

Graduates

In 2023, 249 fewer women than men received degrees from Lawrence Technological University. The most common race/ethnicity group of degree recipients at Lawrence Technological University is white (414 degrees awarded). There were 12.9 times more white recipients than the next closest race/ethnicity group, black or african american (32 degrees).

The most common Bachelor's Degree concentration at Lawrence Technological University is Electrical & Electronics Engineering (65 degrees awarded), followed by Architectural & Building Sciences & Technology (56 degrees) and Mechanical Engineering (51 degrees).

In 2023, the most specialized majors across all degree types at Lawrence Technological University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Architecture and Related Services (117 degrees awarded), Engineering (237 degrees), and Communication Technologies (12 degrees).

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lawrence Technological University are Software developers (1,057,440 people), Other managers (431,419 people), Miscellaneous engineers, including nuclear engineers (402,503 people), Civil engineers (309,892 people), and Mechanical engineers (229,281 people).

The most specialized majors at Lawrence Technological University in 2023 are Architecture and Related Services (117 degrees awarded), Engineering (237 degrees), Communication Technologies (12 degrees), Engineering Technologies (36 degrees), and Computer and Information Sciences and Support Services (62 degrees) (as of 2023).

Highest Paying Jobs by Major

Cardiovascular technologists and technicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lawrence Technological University are Cardiovascular technologists and technicians, Agents & business managers of artists, performers, & athletes, Podiatrists, Surgeons, and Magnetic resonance imaging technologists

The most specialized majors at Lawrence Technological University are Architecture and Related Services (117 degrees awarded), Engineering (237 degrees), Communication Technologies (12 degrees), Engineering Technologies (36 degrees), and Computer and Information Sciences and Support Services (62 degrees) (as of 2023).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lawrence Technological University are Computer Systems Design (1,063,058 people), uninformed (780,471 people), Architectural, engineering & related services (614,739 people), Construction (386,108 people), and Colleges, universities & professional schools, including junior colleges (266,591 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lawrence Technological University.

Most Common (2023)

Electrical & Electronics Engineering
65 degrees awarded
Architectural & Building Sciences & Technology
56 degrees awarded
Mechanical Engineering
51 degrees awarded

In 2023, the most common bachelors degree concentration at Lawrence Technological University was Electrical & Electronics Engineering with 65 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Lawrence Technological University according to their major.

Sex Breakdown for Common Majors

431

Degrees Awarded to Men

in 2023

182

Degrees Awarded to Women

in 2023

In 2023, 431 degrees were awarded to men at Lawrence Technological University, which is 2.37 times more than the number of degrees awarded to females (182).

This chart displays the sex disparity between the top 5 majors at Lawrence Technological University by degrees awarded.

Most Common Male Majors

In 2023, 61 degrees were awarded to men at Lawrence Technological University in Architectural & Building Sciences & Technology, which is 1.36 times more than the 45 female recipients with that same degree.

Most Common Female Majors

In 2023, 45 degrees were awarded to men at Lawrence Technological University in Architectural & Building Sciences & Technology, which is 0.738 times less than the 61 male recipients with that same degree.

Time to Complete

21%

100% Completion Time

55%

150% Completion Time

In 2023, 21% of students graduating from Lawrence Technological University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 55% completed their degrees within 150% of the normal time, and 58% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Lawrence Technological University is Female and Asian (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (74.3%).

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, 5.38% of graduates (12 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
414 degrees awarded
Black or African American
32 degrees awarded
Asian
21 degrees awarded

The most common race/ethnicity at Lawrence Technological University is white (414 degrees awarded). There were 12.9 times more white recipients than the next closest race/ethnicity group, black or african american (32 degrees).

2.61% of degree recipients (16 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
288 degrees awarded
White Female
126 degrees awarded
Black or African American Male
21 degrees awarded

The most common race/ethnicity and sex grouping at Lawrence Technological University is white male (288 degrees awarded). There were 2.29 times more white male recipients than the next closest race/ethnicity group, white female (126 degrees).

Operations

Lawrence Technological University has an endowment valued at nearly $51.2M, as of the end of the 2023 fiscal year. The return on its endowment was of 4.22M (8.24%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Lawrence Technological University had a total salary expenditure of 91.3M. Lawrence Technological University employs 45 Assistant professors, 30 Associate professors and 24 Lecturers. Most academics at Lawrence Technological University are Male Assistant professor (30), Male Associate professor (26), and Male Lecturer (16).

The most common positions for non-instructional staff at Lawrence Technological University are: Management, with 80 employees, Office and Administrative Support, with 52 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 40 employees.

Endowment

$51.2M

2023 Endowment

7.38%

growth from 2022

Lawrence Technological University has an endowment valued at about $51.2M, as of the end of the 2023 fiscal year. The endowment of Lawrence Technological University grew 7.38% from the previous year. The value of their endowment was $1.49M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Lawrence Technological University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

Salary Expenditure

$39.2M

2023 Salaries

17.3%

growth from 2022

In 2023, Lawrence Technological University paid a median of $39.2M in salaries, which represents 42.9% of their overall expenditure ($91.3M) and a 17.3% growth from the previous year. This is compared to a 13.9% growth between 2021 and 2022.

Instructional Salaries

$9.55M

Instructional Salaries

118

Number of Employees

In 2023, Lawrence Technological University paid a total of $9.55M to 118 employees working as instructors, which represents 24.3% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

Occupations by Share

Assistant professor

Most Common Instructor

45 Employees

Management

Most Common Non-Instructional Employee

80 Employees

In 2023, the most common positions for instructional staff at Lawrence Technological University were Assistant professor with 45 employees, Associate professor with 30 employees, and Lecturer with 24 employees.

In 2023, the most common positions for non-instructional staff at Lawrence Technological University were Management with 80 employees, Office and Administrative Support with 52 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 40 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Assistant professor
Male Associate professor
Male Lecturer

In 2023, the most common demographic for instructional staff at Lawrence Technological University was Male Assistant professor with 30 employees, Male Associate professor with 26 employees, and Male Lecturer with 16 employees.

This chart shows the sex split between each academic rank present at Lawrence Technological University.

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