Ridley-Lowell Business & Technical Institute-New London

www.ridley.edu

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2017 Average Net Price
$17,673
After Financial Aid
2014 Default Rate
14%
on Student Loans
2017 Acceptance Rate
94.3%
106 Applicants
2017 Enrolled Students
185
100% Full-Time

About

Ridley-Lowell Business & Technical Institute-New London is a higher education institution located in New London County, CT. In 2017, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Ridley-Lowell Business & Technical Institute-New London were Medical Assistant (39 degrees awarded), Other Electrical Maintenance & Repair Technology (16 degrees), and Dental Assisting (11 degrees).

In 2017, 96 degrees were awarded across all undergraduate and graduate programs at Ridley-Lowell Business & Technical Institute-New London. 74% of these degrees were awarded to women, and 26% awarded men. The most common race/ethnicity group of degree recipients was white (41 degrees), 1.52 times more than then the next closest race/ethnicity group, hispanic or latino (27 degrees).

In 2014 the default rate for borrower's at Ridley-Lowell Business & Technical Institute-New London was 14%, corresponding to 95 out of the 677 total borrowers.

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

After taking grants and loans into account, the average net price for students is $17,673.

In 2017, 63% of undergraduate students attending Ridley-Lowell Business & Technical Institute-New London received financial aid through grants. Comparatively, 53% of undergraduate students received financial aid through loans.

Average Net Price

$17,673
2017 Value
0.518%
1 Year Growth

In 2017 Ridley-Lowell Business & Technical Institute-New London had an average net price — the price paid after factoring in grants and loans — of $17,673. Between 2016 and 2017, the average net price of Ridley-Lowell Business & Technical Institute-New London grew by 0.518%.

This chart compares the average net price of Ridley-Lowell Business & Technical Institute-New London (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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Financial Aid by Income Level

63%
Undergraduates Receiving Financial Aid through Grants
53%
Undergraduates Receiving Financial Aid through Loans

63% of undergraduate students at Ridley-Lowell Business & Technical Institute-New London received financial aid through grants or loans in 2017. This represents a growth of 43.2% with respect to 2016, when 44% of undergraduate students received financial aid.

This chart compares the average award discount at Ridley-Lowell Business & Technical Institute-New London (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.
14%
2014 Default Rate
95
Number of Defaults

In 2014 the default rate for borrower's at Ridley-Lowell Business & Technical Institute-New London was 14%, which represents 95 out of the 677 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

Ridley-Lowell Business & Technical Institute-New London received 106 undergraduate applications in 2017.

There were 185 students enrolled at Ridley-Lowell Business & Technical Institute-New London in 2017.

Ridley-Lowell Business & Technical Institute-New London has an overall enrollment yield of 70%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

94.3%
Acceptance Rate in 2017
100
Accepted Out of 106

This chart compares the acceptance rate of Ridley-Lowell Business & Technical Institute-New London (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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Enrollment

Ridley-Lowell Business & Technical Institute-New London had a total enrollment of 185 students in 2017. The full-time enrollment at Ridley-Lowell Business & Technical Institute-New London is 185 students and the part-time enrollment is 0. This means that 100% of students enrolled at Ridley-Lowell Business & Technical Institute-New London are enrolled full-time.

The enrolled student population at Ridley-Lowell Business & Technical Institute-New London, both undergraduate and graduate, is 44.3% White, 24.9% Hispanic or Latino, 21.1% Black or African American, 6.49% Two or More Races, 0.541% Asian, and 0.541% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Ridley-Lowell Business & Technical Institute-New London in full-time Undergraduate programs are most commonly White Female (37.8%), followed by Hispanic or Latino Female (19.5%) and Black or African American Female (14.6%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Ridley-Lowell Business & Technical Institute-New London in 2017, both undergraduate and graduate, is 185 students. The full-time enrollment at Ridley-Lowell Business & Technical Institute-New London is 185 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at Ridley-Lowell Business & Technical Institute-New London (in red) compares to similar universities.

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Retention Rate over Time

80%
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 Ridley-Lowell Business & Technical Institute-New London was 80%.

This chart shows the retention rate over time at Ridley-Lowell Business & Technical Institute-New London (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2017)
  1. White
    82 enrolled students
  2. Hispanic or Latino
    46 enrolled students
  3. Black or African American
    39 enrolled students

The enrolled student population at Ridley-Lowell Business & Technical Institute-New London is 44.3% White, 24.9% Hispanic or Latino, 21.1% Black or African American, 6.49% Two or More Races, 0.541% Asian, and 0.541% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates.

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Graduates

In 2017, 46 more women than men received degrees from Ridley-Lowell Business & Technical Institute-New London. The most common race/ethnicity group of degree recipients at Ridley-Lowell Business & Technical Institute-New London is white (41 degrees awarded). There were 1.52 times more white recipients than the next closest race/ethnicity group, hispanic or latino (27 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Ridley-Lowell Business & Technical Institute-New London is Medical Assistant (39 degrees awarded), followed by Other Electrical Maintenance & Repair Technology (16 degrees) and Dental Assisting (11 degrees).

In 2017,  the most specialized majors across all degree types at Ridley-Lowell Business & Technical Institute-New London, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Mechanical Technologies (16 degrees awarded), Health (65 degrees), and Computer and Information Sciences and Support Services (9 degrees).

Common Jobs by Major

Elementary & middle school teachers
Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Ridley-Lowell Business & Technical Institute-New London are Elementary & middle school teachers (2,639,335 people), Other managers (2,238,430 people), Registered nurses (1,850,364 people), Software developers (1,446,628 people), and Accountants & auditors (1,374,574 people).

The most specialized majors at Ridley-Lowell Business & Technical Institute-New London in 2017 are Mechanical Technologies (16 degrees awarded), Health (65 degrees), Computer and Information Sciences and Support Services (9 degrees), and Personal & Culinary Services (6 degrees) (as of 2017).

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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 Ridley-Lowell Business & Technical Institute-New London are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Ridley-Lowell Business & Technical Institute-New London are Mechanical Technologies (16 degrees awarded), Health (65 degrees), Computer and Information Sciences and Support Services (9 degrees), and Personal & Culinary Services (6 degrees) (as of 2017).

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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 Ridley-Lowell Business & Technical Institute-New London are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Ridley-Lowell Business & Technical Institute-New London are Mechanical Technologies (16 degrees awarded), Health (65 degrees), Computer and Information Sciences and Support Services (9 degrees), and Personal & Culinary Services (6 degrees) (as of 2017).

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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 Ridley-Lowell Business & Technical Institute-New London.
Most Common (2017)
  1. Medical Assistant
    39 degrees awarded
  2. Other Electrical Maintenance & Repair Technology
    16 degrees awarded
  3. Dental Assisting
    11 degrees awarded

In 2017, the most common 1 to 2 year postsecondary certificate concentration at Ridley-Lowell Business & Technical Institute-New London was Medical Assistant with 39 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Ridley-Lowell Business & Technical Institute-New London according to their major.

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Sex Breakdown for Common Majors

25
Degrees Awarded to Men
in 2017
71
Degrees Awarded to Women
in 2017

In 2017, 25 degrees were awarded to men at Ridley-Lowell Business & Technical Institute-New London, which is 0.352 times less than the number of degrees awarded to females (71).

This chart displays the sex disparity between the top 5 majors at Ridley-Lowell Business & Technical Institute-New London by degrees awarded.

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Most Common Male Majors

In 2017, 15 degrees were awarded to men at Ridley-Lowell Business & Technical Institute-New London in Other Electrical Maintenance & Repair Technology, which is 15 times more than the 1 female recipients with that same degree.

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Most Common Female Majors

In 2017, 38 degrees were awarded to men at Ridley-Lowell Business & Technical Institute-New London in Medical Assistant, which is 38 times more than the 1 male recipients with that same degree.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2017)
  1. White
    41 degrees awarded
  2. Hispanic or Latino
    27 degrees awarded
  3. Black or African American
    17 degrees awarded

The most common race/ethnicity at Ridley-Lowell Business & Technical Institute-New London is white (41 degrees awarded). There were 1.52 times more white recipients than the next closest race/ethnicity group, hispanic or latino (27 degrees).

2.08% of degree recipients (2 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2017)
  1. White Female
    31 degrees awarded
  2. Hispanic or Latino Female
    16 degrees awarded
  3. Black or African American Female
    13 degrees awarded

The most common race/ethnicity and sex grouping at Ridley-Lowell Business & Technical Institute-New London is white female (31 degrees awarded). There were 1.94 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (16 degrees).

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Operations

Salary Expenditure

$1.32M
2016 Salaries
1.49%
decline from 2015

In 2016, Ridley-Lowell Business & Technical Institute-New London paid a median of $1.32M in salaries, a 1.49% decline from the previous year. This is compared to a 23% decline between 2014 and 2015.

The median for similar is 668k (13.2% of overall expenditures).

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