Laurus College

www.lauruscollege.edu

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2023 Average Net Price

$15,725

After Financial Aid

2020 Default Rate

on Student Loans

2023 Enrolled Students

794

51.3% Full-Time

2023 Graduation Rate

50%

5 Graduates

About

Laurus College is a higher education institution located in San Luis Obispo County, CA. In 2023, the most popular Associates Degree concentrations at Laurus College were General Business Administration & Management (63 degrees awarded), Medical Insurance Specialist (35 degrees), and Computer Support Specialist (21 degrees).

In 2023, 164 degrees were awarded across all undergraduate and graduate programs at Laurus College. 40.2% of these degrees were awarded to women, and 59.8% awarded men. The most common race/ethnicity group of degree recipients was asian (52 degrees), 1.3 times more than then the next closest race/ethnicity group, white (40 degrees).

In 2020 the default rate for borrower's at Laurus College was 0%, corresponding to 0 out of the 330 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 $15,725.

In 2023, 68% of undergraduate students attending Laurus College received financial aid through grants. Comparatively, 63% of undergraduate students received financial aid through loans.

Average Net Price

$15,725

2023 Value

1.83%

1 Year Growth

In 2023 Laurus College had an average net price — the price paid after factoring in grants and loans — of $15,725. Between 2022 and 2023, the average net price of Laurus College grew by 1.83%.

This chart compares the average net price of Laurus College (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.

Financial Aid by Income Level

68%

Undergraduates Receiving Financial Aid through Grants

63%

Undergraduates Receiving Financial Aid through Loans

68% of undergraduate students at Laurus College received financial aid through grants or loans in 2023. This represents a decline of 15% with respect to 2022, when 80% of undergraduate students received financial aid.

This chart compares the average award discount at Laurus College (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 Laurus College was 0%, which represents 0 out of the 330 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.

Enrollment

Laurus College had a total enrollment of 794 students in 2023. The full-time enrollment at Laurus College is 407 students and the part-time enrollment is 387. This means that 51.3% of students enrolled at Laurus College are enrolled full-time.

The enrolled student population at Laurus College, both undergraduate and graduate, is 48.4% Asian, 19.1% Hispanic or Latino, 14.5% White, 11.5% Black or African American, 1.76% Native Hawaiian or Other Pacific Islanders, 1.39% Two or More Races, and 0.378% American Indian or Alaska Native.

Students enrolled at Laurus College in full-time Undergraduate programs are most commonly Asian Male (39.9%), followed by Hispanic or Latino Male (12.3%) and Black or African American Male (8.52%).

Full-Time vs Part-Time Enrollment

51.3%

Full-Time Enrollment

The total enrollment at Laurus College in 2023, both undergraduate and graduate, is 794 students. The full-time enrollment at Laurus College is 407 and the part-time enrollment is 387.

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

Retention Rate over Time

92%

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 Laurus College was 92%.

This chart shows the retention rate over time at Laurus College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

Asian
384 enrolled students
Hispanic or Latino
152 enrolled students
White
115 enrolled students

The enrolled student population at Laurus College is 48.4% Asian, 19.1% Hispanic or Latino, 14.5% White, 11.5% Black or African American, 1.76% Native Hawaiian or Other Pacific Islanders, 1.39% Two or More Races, and 0.378% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2023, 32 fewer women than men received degrees from Laurus College. The most common race/ethnicity group of degree recipients at Laurus College is asian (52 degrees awarded). There were 1.3 times more asian recipients than the next closest race/ethnicity group, white (40 degrees).

The most common Associates Degree concentration at Laurus College is General Business Administration & Management (63 degrees awarded), followed by Medical Insurance Specialist (35 degrees) and Computer Support Specialist (21 degrees).

In 2023, the most specialized majors across all degree types at Laurus College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Communication Technologies (16 degrees awarded), Computer and Information Sciences and Support Services (35 degrees), and Business (78 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 Laurus College are Registered nurses (1,544,212 people), Accountants & auditors (1,035,705 people), Other managers (854,897 people), Software developers (730,333 people), and Financial managers (532,571 people).

The most specialized majors at Laurus College in 2023 are Communication Technologies (16 degrees awarded), Computer and Information Sciences and Support Services (35 degrees), Business (78 degrees), and Health (35 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 Laurus College are Surgeons, Physicians, Cardiovascular technologists and technicians, Architectural & engineering managers, and Magnetic resonance imaging technologists

The most specialized majors at Laurus College are Communication Technologies (16 degrees awarded), Computer and Information Sciences and Support Services (35 degrees), Business (78 degrees), and Health (35 degrees) (as of 2023).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Laurus College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,827,180 people), Computer Systems Design (1,048,739 people), Elementary & secondary schools (715,645 people), Banking & related activities (536,970 people), and Colleges, universities & professional schools, including junior colleges (521,407 people).

Majors Awarded

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

Most Common (2023)

General Business Administration & Management
63 degrees awarded
Medical Insurance Specialist
35 degrees awarded
Computer Support Specialist
21 degrees awarded

In 2023, the most common associates degree concentration at Laurus College was General Business Administration & Management with 63 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Laurus College according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 98 degrees were awarded to men at Laurus College, which is 1.48 times more than the number of degrees awarded to females (66).

This chart displays the sex disparity between the top 5 majors at Laurus College by degrees awarded.

Most Common Male Majors

In 2023, 54 degrees were awarded to men at Laurus College in General Business Administration & Management, which is 2.25 times more than the 24 female recipients with that same degree.

Most Common Female Majors

In 2023, 29 degrees were awarded to men at Laurus College in Medical Insurance Specialist, which is 4.83 times more than the 6 male recipients with that same degree.

Time to Complete

82%

100% Completion Time

82%

150% Completion Time

In 2017, 82% of students graduating from Laurus College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 82% completed their degrees within 150% of the normal time, and 83% within 200%.

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

White Male

Highest Graduation Rate (50%)

The student demographic with the highest graduation rate in 2023 at Laurus College is Male and White (50% graduation rate). Across all , 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)

Asian
52 degrees awarded
White
40 degrees awarded
Hispanic or Latino
36 degrees awarded

The most common race/ethnicity at Laurus College is asian (52 degrees awarded). There were 1.3 times more asian recipients than the next closest race/ethnicity group, white (40 degrees).

2.44% of degree recipients (4 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

Asian Male
41 degrees awarded
White Male
25 degrees awarded
Hispanic or Latino Female
22 degrees awarded

The most common race/ethnicity and sex grouping at Laurus College is asian male (41 degrees awarded). There were 1.64 times more asian male recipients than the next closest race/ethnicity group, white male (25 degrees).

Operations

Laurus College employs 26 Instructors. Most academics at Laurus College are Female Instructor (17), and Male Instructor (9).

The most common positions for non-instructional staff at Laurus College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 24 employees, Management, with 11 employees, and Computer, Engineering, and Science with 5 employees.

Salary Expenditure

$7.65M

2023 Salaries

10.3%

decline from 2022

In 2023, Laurus College paid a median of $7.65M in salaries, a 10.3% decline from the previous year. This is compared to a 1.19% growth between 2021 and 2022, and a 27.9% growth between 2020 and 2021.

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

Instructional Salaries

$1.56M

Instructional Salaries

Number of Employees

In 2023, Laurus College paid a total of $1.56M to 26 employees working as instructors, which represents 20.5% of all salaries paid.

This is compared to a median of $160k (22.2%) for similar Unknown.

Occupations by Share

Instructor

Most Common Instructor

26 Employees

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

Most Common Non-Instructional Employee

24 Employees

In 2023, the most common positions for instructional staff at Laurus College was Instructor with 26 employees.

In 2023, the most common positions for non-instructional staff at Laurus College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 24 employees, Management with 11 employees, and Computer, Engineering, and Science with 5 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 Laurus College was Female Instructor with 17 employees, and Male Instructor with 9 employees.

This chart shows the sex split between each academic rank present at Laurus College.

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