Laurel Technical Institute (215992)

www.laurel.edu

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2023 Undergraduate Tuition

$10,680

2023 Average Net Price

$8,930

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

93.3%

134 Applicants

2023 Enrolled Students

160

99.4% Full-Time

2023 Graduation Rate

74.2%

23 Graduates

About

Laurel Technical Institute (215992) is a higher education institution located in Mercer County, PA. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Laurel Technical Institute (215992) were General Cosmetology (14 degrees awarded), Culinary Arts & Chef Training (9 degrees), and Medical Assistant (9 degrees).

In 2023, 96 degrees were awarded across all undergraduate and graduate programs at Laurel Technical Institute (215992). 71.9% of these degrees were awarded to women, and 28.1% awarded men. The most common race/ethnicity group of degree recipients was white (73 degrees), 5.21 times more than then the next closest race/ethnicity group, black or african american (14 degrees).

The median undergraduate tuition at Laurel Technical Institute (215992) is $10,680, which is $2,427 more than the national average for Associates Colleges ($8,253).

In 2020 the default rate for borrower's at Laurel Technical Institute (215992) was 0%, corresponding to 0 out of the 175 total borrowers.

Associates Colleges: High Career & Technical-High Traditional Associates Colleges

Costs

In 2023, the median undergraduate tuition at Laurel Technical Institute (215992) is $10,680, which is $2,427 more than the national average for Associates Colleges ($8,253).

After taking grants and loans into account, the average net price for students is $8,930.

In 2023, 90% of undergraduate students attending Laurel Technical Institute (215992) received financial aid through grants. Comparatively, 71% of undergraduate students received financial aid through loans.

Tuition Costs

$10,680

2023 Undergraduate Tuition

In 2023, the cost of tuition at Laurel Technical Institute (215992) was $10,680. The cost of tuition at Laurel Technical Institute (215992) is $2,427 more than than the overall (public and private) national average for Associates Colleges ($8,253).

This chart compares the tuition costs of Laurel Technical Institute (215992) (in red) with those of other similar universities.

Average Net Price

$8,930

2023 Value

23.1%

1 Year Growth

In 2023 Laurel Technical Institute (215992) had an average net price — the price paid after factoring in grants and loans — of $8,930. Between 2022 and 2023, the average net price of Laurel Technical Institute (215992) grew by 23.1%.

This chart compares the average net price of Laurel Technical Institute (215992) (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

$3,240

Room and Board

$1,292

Books and Supplies

The average yearly cost of room and board at Laurel Technical Institute (215992) was of $3,240 in 2023. The cost of room and board did not change between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,292. The cost of books and supplies increased by 2.22% during the same period.

This chart compares the average student costs at Laurel Technical Institute (215992) (in red) with that of similar universities.

Financial Aid by Income Level

90%

Undergraduates Receiving Financial Aid through Grants

71%

Undergraduates Receiving Financial Aid through Loans

90% of undergraduate students at Laurel Technical Institute (215992) received financial aid through grants or loans in 2023. This represents a decline of 6.25% with respect to 2022, when 96% of undergraduate students received financial aid.

This chart compares the average award discount at Laurel Technical Institute (215992) (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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Laurel Technical Institute (215992) was 0%, which represents 0 out of the 175 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

Laurel Technical Institute (215992) received 134 undergraduate applications in 2023, which represents a 7.2% annual growth. Out of those 134 applicants, 125 students were accepted for enrollment, representing a 93.3% acceptance rate.

There were 160 students enrolled at Laurel Technical Institute (215992) in 2023.

Laurel Technical Institute (215992) has an overall enrollment yield of 72%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

93.3%

Acceptance Rate in 2023

125

Accepted Out of 134

In 2023, the undergraduate acceptance rate of Laurel Technical Institute (215992) was 93.3% (125 admissions from 134 applications). This is lower than the acceptance rate of 2022, which was 95.2%. Between 2022 and 2023, the number of applicants grew by 7.2%, while admissions grew by 5.04%.

This chart compares the acceptance rate of Laurel Technical Institute (215992) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

N/A% of enrolled first-time students at Laurel Technical Institute (215992) in false 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

Laurel Technical Institute (215992) had a total enrollment of 160 students in 2023. The full-time enrollment at Laurel Technical Institute (215992) is 159 students and the part-time enrollment is 1. This means that 99.4% of students enrolled at Laurel Technical Institute (215992) are enrolled full-time.

The enrolled student population at Laurel Technical Institute (215992), both undergraduate and graduate, is 70% White, 16.9% Black or African American, 6.25% Two or More Races, 3.75% Hispanic or Latino, 0.625% American Indian or Alaska Native, and 0.625% Asian.

Students enrolled at Laurel Technical Institute (215992) in full-time Undergraduate programs are most commonly White Female (45.7%), followed by White Male (26.8%) and Black or African American Female (8.33%).

Full-Time vs Part-Time Enrollment

99.4%

Full-Time Enrollment

The total enrollment at Laurel Technical Institute (215992) in 2023, both undergraduate and graduate, is 160 students. The full-time enrollment at Laurel Technical Institute (215992) is 159 and the part-time enrollment is 1. This means that 99.4% of students enrolled at Laurel Technical Institute (215992) are enrolled full-time compared with 32.3% at similar Associates Colleges.

This chart shows the full-time vs part-time enrollment status at Laurel Technical Institute (215992) (in red) compares to similar universities.

Retention Rate over Time

81%

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 Laurel Technical Institute (215992) was 81%. Compared with the full-time retention rate at similar Associates Colleges (64%), Laurel Technical Institute (215992) had a retention rate higher than its peers.

This chart shows the retention rate over time at Laurel Technical Institute (215992) (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
112 enrolled students
Black or African American
27 enrolled students
Two or More Races
10 enrolled students

The enrolled student population at Laurel Technical Institute (215992) is 70% White, 16.9% Black or African American, 6.25% Two or More Races, 3.75% Hispanic or Latino, 0.625% American Indian or Alaska Native, and 0.625% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 41.7% White, 28.7% Hispanic or Latino, and 12.6% Black or African American.

Graduates

In 2023, 42 more women than men received degrees from Laurel Technical Institute (215992). The most common race/ethnicity group of degree recipients at Laurel Technical Institute (215992) is white (73 degrees awarded). There were 5.21 times more white recipients than the next closest race/ethnicity group, black or african american (14 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Laurel Technical Institute (215992) is General Cosmetology (14 degrees awarded), followed by Culinary Arts & Chef Training (9 degrees) and Medical Assistant (9 degrees).

In 2023, the most specialized majors across all degree types at Laurel Technical Institute (215992), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Personal & Culinary Services (36 degrees awarded), Construction (7 degrees), and Precision Production (7 degrees).

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 Technical Institute (215992) are Registered nurses (1,461,701 people), Software developers (588,069 people), Other managers (179,251 people), Medical & health services managers (161,488 people), and Nurse practitioners & nurse midwives (152,858 people).

The most specialized majors at Laurel Technical Institute (215992) in 2023 are Personal & Culinary Services (36 degrees awarded), Construction (7 degrees), Precision Production (7 degrees), Health (39 degrees), and Computer and Information Sciences and Support Services (7 degrees) (as of 2023).

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 Laurel Technical Institute (215992) are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Laurel Technical Institute (215992) are Personal & Culinary Services (36 degrees awarded), Construction (7 degrees), Precision Production (7 degrees), Health (39 degrees), and Computer and Information Sciences and Support Services (7 degrees) (as of 2023).

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 Laurel Technical Institute (215992) 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).

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 (215992).

Most Common (2023)

General Cosmetology
14 degrees awarded
Culinary Arts & Chef Training
9 degrees awarded
Medical Assistant
9 degrees awarded

In 2023, the most common 1 to 2 year postsecondary certificate concentration at Laurel Technical Institute (215992) was General Cosmetology with 14 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Laurel Technical Institute (215992) according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 27 degrees were awarded to men at Laurel Technical Institute (215992), which is 0.391 times less than the number of degrees awarded to females (69).

This chart displays the sex disparity between the top 5 majors at Laurel Technical Institute (215992) by degrees awarded.

Most Common Male Majors

In 2023, 7 degrees were awarded to men at Laurel Technical Institute (215992) in Welding Technology. There were no female recipients with the same degree.

Most Common Female Majors

In 2023, 14 degrees were awarded to women at Laurel Technical Institute (215992) in General Cosmetology. There were no male recipients with the same degree.

Time to Complete

63%

100% Completion Time

63%

150% Completion Time

In 2023, 63% of students graduating from Laurel Technical Institute (215992) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 63% completed their degrees within 150% of the normal time, and 63% 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.

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 2023 at Laurel Technical Institute (215992) is Female and Black or African American (100% graduation rate). Across all Associates Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
73 degrees awarded
Black or African American
14 degrees awarded
Two or More Races
8 degrees awarded

The most common race/ethnicity at Laurel Technical Institute (215992) is white (73 degrees awarded). There were 5.21 times more white recipients than the next closest race/ethnicity group, black or african american (14 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
54 degrees awarded
White Male
19 degrees awarded
Black or African American Female
8 degrees awarded

The most common race/ethnicity and sex grouping at Laurel Technical Institute (215992) is white female (54 degrees awarded). There were 2.84 times more white female recipients than the next closest race/ethnicity group, white male (19 degrees).

Operations

Laurel Technical Institute (215992) employs 17 Instructors. Most academics at Laurel Technical Institute (215992) are Female Instructor (10), and Male Instructor (7).

The most common positions for non-instructional staff at Laurel Technical Institute (215992) are: Business and Financial Operations, with 5 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 5 employees, and Office and Administrative Support with 4 employees.

Salary Expenditure

$1.24M

2023 Salaries

11.7%

growth from 2022

In 2023, Laurel Technical Institute (215992) paid a median of $1.24M in salaries, a 11.7% growth from the previous year. This is compared to a 0.39% growth between 2021 and 2022, and a 6.67% decline between 2020 and 2021.

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

Instructional Salaries

$1.18M

Instructional Salaries

Number of Employees

In 2023, Laurel Technical Institute (215992) paid a total of $1.18M to 17 employees working as instructors, which represents 94.7% of all salaries paid.

This is compared to a median of $731k (4.21%) for similar Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

17 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

5 Employees

In 2023, the most common positions for instructional staff at Laurel Technical Institute (215992) was Instructor with 17 employees.

In 2023, the most common positions for non-instructional staff at Laurel Technical Institute (215992) were Business and Financial Operations with 5 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 5 employees, and Office and Administrative Support with 4 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Instructor
Male Instructor

In 2023, the most common demographic for instructional staff at Laurel Technical Institute (215992) was Female Instructor with 10 employees, and Male Instructor with 7 employees.

This chart shows the sex split between each academic rank present at Laurel Technical Institute (215992).

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