Long Island Business Institute

www.libi.edu

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2020 Undergraduate Tuition

$8,866

0% growth from 2019

2020 Average Net Price

$14,347

After Financial Aid

2018 Student Loan

12.1%

Default Rate

2020 Acceptance Rate

81.7%

509 Applicants

2020 Enrolled Students

1,186

91.5% Full-Time

2020 Graduation Rate

21.7%

52 Graduates

About

Long Island Business Institute is a higher education institution located in Queens County, NY. In 2016, the most popular Bachelor's Degree concentrations at Long Island Business Institute were .

In 2020, 270 degrees were awarded across all undergraduate and graduate programs at Long Island Business Institute. 74.4% of these degrees were awarded to women, and 25.6% awarded men. The most common race/ethnicity group of degree recipients was asian (133 degrees), 1.9 times more than then the next closest race/ethnicity group, hispanic or latino (70 degrees).

The median undergraduate tuition at Long Island Business Institute is $8,866, which is $−5,534 less than the national average for Special Focus Institutions ($14,400).

Special Focus Two-Year: Other Fields Special Focus Institutions

Costs

The median undergraduate tuition at Long Island Business Institute is $8,866, which is $−5,534 less than the national average for Special Focus Institutions ($14,400).

After taking grants and loans into account, the average net price for students is $14,347.

In 2020, 100% of undergraduate students received federal grants, while 6% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$8,866

2020 Undergraduate Tuition

In 2020, the cost of tuition at Long Island Business Institute was $8,866. The cost of tuition at Long Island Business Institute is $−5,534 less than than the overall (public and private) national average for Special Focus Institutions ($14,400).

This chart compares the tuition costs of Long Island Business Institute (in red) with those of other similar universities.

Average Net Price

$14,347

2020 Value

31.2%

1 Year Growth

In 2020 Long Island Business Institute had an average net price — the price paid after factoring in grants and loans — of $14,347. Between 2019 and 2020, the average net price of Long Island Business Institute grew by 31.2%.

This chart compares the average net price of Long Island 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.

Other Student Expenses

$4,000

Room and Board

$800

Books and Supplies

The average yearly cost of room and board at Long Island Business Institute was of $4,000 in 2020. During the same period, the average yearly cost of books and supplies was $800. The cost of room and board increased by 33.3% between 2019 and 2020. The cost of books and supplies decreased by 33.3% during the same period.

This chart compares the average student costs at Long Island Business Institute (in red) with that of similar universities.

Financial Aid

Financial Aid by Income Level

100%

Of Undergraduates Receive Grants

Of Undergraduates Receive Federal Loans

100% of undergraduate students at Long Island Business Institute received grants or loans in 2020. This represents a growth of 0% with respect to 2019, when 100% of undergraduate students received financial aid.

This chart compares the average award discount at Long Island 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.

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.

12.1%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Long Island Business Institute was 12.1%, which represents 4 out of the 33 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

Long Island Business Institute received 509 undergraduate applications in 2020, which represents a 8.29% annual decline. Out of those 509 applicants, 416 students were accepted for enrollment, representing a 81.7% acceptance rate.

There were 1,186 students enrolled at Long Island Business Institute in 2020, and N/A% of first-time enrollees submitted SAT scores with their applications.

Long Island Business Institute has an overall enrollment yield of 80.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

81.7%

Acceptance Rate in 2020

416

Accepted Out of 509

In 2020, the undergraduate acceptance rate of Long Island Business Institute was 81.7% (416 admissions from 509 applications). This is lower than the acceptance rate of 2019, which was 86.1%. Between 2019 and 2020, the number of applicants declined by −8.29%, while admissions declined by −13%.

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

SAT Scores

N/A%

Submission Percentage

N/A

Scores Submitted

N/A% of enrolled first-time students at Long Island 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.

Enrollment

Long Island Business Institute has a total enrollment of 1,186 students. The full-time enrollment at Long Island Business Institute is 1,085 students and the part-time enrollment is 101. This means that 91.5% of students enrolled at Long Island Business Institute are enrolled full-time.

The enrolled student population at Long Island Business Institute, both undergraduate and graduate, is 52.3% Asian, 27.1% Hispanic or Latino, 11.6% Black or African American, 5.06% White, 0.506% Two or More Races, 0% Native Hawaiian or Other Pacific Islanders, and 0% American Indian or Alaska Native.

Students enrolled at Long Island Business Institute in full-time Undergraduate programs are most commonly Asian Female (43.4%), followed by Hispanic or Latino Female (24.1%) and Asian Male (12.5%). 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

91.5%

Full-Time Enrollment

The total enrollment at Long Island Business Institute, both undergraduate and graduate, is 1,186 students. The full-time enrollment at Long Island Business Institute is 1,085 and the part-time enrollment is 101. This means that 91.5% of students enrolled at Long Island Business Institute are enrolled full-time compared with 68.5% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Long Island Business Institute (in red) compares to similar universities.

Retention Rate over Time

31%

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 Long Island Business Institute was 31%. Compared with the full-time retention rate at similar Special Focus Institutions (71.5%), Long Island Business Institute had a retention rate lower than its peers.

This chart shows the retention rate over time at Long Island Business Institute (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

Asian
620
Hispanic or Latino
321
Black or African American
137

The enrolled student population at Long Island Business Institute is 52.3% Asian, 27.1% Hispanic or Latino, 11.6% Black or African American, 5.06% White, 0.506% Two or More Races, 0% Native Hawaiian or Other Pacific Islanders, 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 Special Focus Institutions is 44% White, 17.3% Hispanic or Latino, and 14.4% 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, 1 students (0.0843%) did not report their race.

Graduates

In 2020, 132 more women than men received degrees from Long Island Business Institute. The most common race/ethnicity group of degree recipients at Long Island Business Institute is asian (133 degrees awarded). There were 1.9 times more asian graduates than the next closest race/ethnicity group, hispanic or latino (70 degrees).

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

The most specialized majors across all degree types at Long Island Business Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Business (249 degrees awarded), Legal (9 degrees), and Protective Services (12 degrees).

Workforce

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Long Island Business Institute are Accountants & auditors (979,098 people), Other managers (685,017 people), Financial managers (483,640 people), Chief executives & legislators (359,332 people), and Firstline supervisors of retail sales workers (255,392 people).

The most specialized majors at Long Island Business Institute are Business (249 degrees awarded), Legal (9 degrees), and Protective Services (12 degrees).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Long Island Business Institute are Surgeons, Physicians, Chief executives & legislators, Cardiovascular technologists and technicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Long Island Business Institute are Business (249 degrees awarded), Legal (9 degrees), and Protective Services (12 degrees).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Long Island Business Institute are Elementary & secondary schools (479,950 people), Banking & related activities (475,509 people), Justice, public order, & safety activities (465,661 people), Computer Systems Design (456,813 people), and Insurance carriers (398,654 people).

The most specialized majors at Long Island Business Institute are Business (249 degrees awarded), Legal (9 degrees), and Protective Services (12 degrees).

Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Long Island Business Institute.

Most Common

N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded

In false, the most common bachelors degree concentration at Long Island Business Institute was N/A with N/A degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2020

201

Degrees Awarded to Women

in 2020

In 2020, 69 degrees were awarded to men at Long Island Business Institute, which is 0.343 times less than the number of degrees awarded to females (201).

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

Most Common Male Majors

In false, 25 degrees were awarded to men at Long Island Business Institute in General Business Administration & Management, which is 0.625 times less than the 40 female recipients with that same degree.

Most Common Female Majors

In false, 87 degrees were awarded to women at Long Island Business Institute in Business, Office Automation, Technology, & Data Entry, which is 6.69 times more than the 13 male recipients with that same degree.

Time to Complete

23%

100% Completion Time

24%

150% Completion Time

In 2020, 23% of students graduating from Long Island Business Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 24% completed their degrees within 150% of the normal time, and 24% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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.

Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Male

Highest Graduation Rate (30%)

The student demographic with the highest graduation rate at Long Island Business Institute is Male and Hispanic or Latino (30% graduation rate). Across all Special Focus Institutions, 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

Asian
133 degrees awarded
Hispanic or Latino
70 degrees awarded
Black or African American
40 degrees awarded

The most common race/ethnicity at Long Island Business Institute is asian (133 degrees awarded). There were 1.9 times more asian recipients than the next closest race/ethnicity group, hispanic or latino (70 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic

Asian Female
98 degrees awarded
Hispanic or Latino Female
52 degrees awarded
Asian Male
35 degrees awarded

The most common race/ethnicity and sex grouping at Long Island Business Institute is asian female (98 degrees awarded). There were 1.88 times more asian female recipients than the next closest race/ethnicity group, hispanic or latino female (52 degrees).

Operations

Long Island 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 $9.53k (NaNk%), compared to the 1.87% average return ($195k on $10.4M) across all Special Focus Institutions.

In 2020, Long Island Business Institute had a total salary expenditure of $12.5M. Long Island Business Institute employs 14 Instructors, 0 N/A, and 0 N/A. Most academics at Long Island Business Institute are Female Instructors (11), Male Instructors(3), and N/A (0).

The most common positions for non-instructional staff at Long Island Business Institute are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 29 employees, Management, with 8 employees, and Office and Administrative Support with 4 employees.

Finances

Endowment

growth from 2019

This line chart shows how the endowment at Long Island 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 Special Focus Two-Year: Other Fields Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$0 - Federal
$0 - State
$0 - Local

As of 2020, Long Island 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.

Expenses

Salary Expenditure

$5.17M

2020 Salaries

12.9%

decline from 2019

In 2020, Long Island Business Institute paid a median of $5.17M in salaries, which represents 41.3% of their overall expenditure ($12.5M) and a 12.9% decline from the previous year. This is compared to a 3.25% growth from 2018 and a 3.24% growth from 2017.

The median for similar Special Focus Institutions is 2.95M (42.1% of overall expenditures).

Instructional Salaries

$632k

Instructional Salaries

Number of Employees

In 2020, Long Island Business Institute paid a total of $632k to 14 employees working as instructors, which represents 12.2% of all salaries paid.

This is compared to a median of $855k (29%) for similar Special Focus Institutions.

Faculty and Staff

Occupations by Share

Instructor

Most Common Instructor

14 Employees

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

Most Common Non-Instructional Employee

29 Employees

In 2020, the most common positions for instructional staff at Long Island Business Institute were Instructor with 14 employees; false with 0 employees; and false with 0 employees.

In 2020, the most common positions for non-instructional staff at Long Island Business Institute were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 29 employees; Management with 8 employees; and Office and Administrative Support with 4 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Female Instructor
Male Instructor

In 2020, the most common demographic for instructional staff at Long Island Business Institute was Female Instructor with 11 employees, and Male Instructor with 3 employees.

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

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