Private 4 Year

Lawrence Technological University Tuition & Cost

Southfield, Michigan

 0 Reviews

How much does it cost to attend?

Sticker Price

Costs for Lawrence Technological University
Fee Cost
Other Fees$1,200
Books and Supplies$1,662
Room and Board $11,320
Other Expenses Budget$4,857

Annual Tuition & Costs

The annual tuition to attend Lawrence Technological University is $38,370. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $11,320. For educational materials, students should allocate approximately $1,662 for books and supplies plus $1,200 for other fees charged by the school. Finally, students should budget $4,857 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Lawrence Technological University on a full-time basis is $57,409 per annum.

Housing Costs

On campus room and board is provided by the school at a cost of $11,320 per academic year. Students electing to live off campus elsewhere in Southfield should budget at least this amount.

Books and Supplies

The estimated annual cost for books and educational supplies is $1,662.

Other Living Expenses

If living on-campus, students should budget for $4,857 in additional living expenses. Off-campus students should budget for $4,857 in other miscellaneous living expenses.

All price data is sourced from the 2022/2023 U.S. Department of Education National Center for Education Statistics survey.
Calculate your admission chances
Calculate your admission chances

Net Price

The average reported annual net price for Lawrence Technological University for students receiving grants or scholarship aid was $32,641* in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses.

Average Net Price 2019/2020


Below is the average net price by student family income.

Net Price by Income Lawrence Technological University
Family Income Net Price Paid
$0 to $30,000$31,820
$30,001 to $48,000$28,814
$48,001 to $75,000$32,972
$75,001 to $110,000$34,032

The net price provides a more realistic estimate of the true cost of attending Lawrence Technological University, once common grants and scholarships have been taken into account. It's important to note that your net price will fluctuate based on factors such as family income, assets and individual financial need. Net price is the out-of-pocket total cost that students end up paying or financing though student loans.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Financial Aid

98% of full-time undergrad Lawrence Technological University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $19,658 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back.

Pell Grants

23 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $4,987. To apply for a Pell Grant to attend Lawrence Technological University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Student Loans

57% of students received Federal Student Loans averaging $5,290 and 12% of undergrads took out private student loans averaging $18,754.

Finanical Aid Lawrence Technological University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $19,658 98%
Institutional Grants and Scholarships $16,988 98%
Pell Grants $4,987 23%
Other Federal Grants $932 5%
State and Local Grants $3,083 49%
Federal Student Loans $5,290 57%
Other Student Loans $18,754 12%

Financial Aid Mix - $57,409 Total Cost

CollegeSimply has modeled example payment coverage for the annual tuition and living expenses of $57,409. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

37% - $19,658

Money granted to you by the U.S. Department of Education, Lawrence Technological University or other organizations. These are not loans and do not need to be repaid.

Federal Student Loans

10% - $5,290

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket Cost

53% -  $27,604

Covered by family savings, work or private student loans which you will have to repay.

Student Loans

To gauge a more realistic picture of what it really could cost you out of pocket to go to Lawrence Technological University, we've modeled a ten year student loan with an original principal value of $130,564. The loan balance of $130,564 is a four year multiple of the $32,641 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,485 could be required to pay off your student loan. The total of all payments including interest would sum $178,142.58.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 6.53%.

Example Loan $130,564
Stafford Loan Interest Rate 6.53%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,484.52
Total Interest Paid $47,578.58
Sum of All Loan Payments $178,142.58

Student Loan Affordability

In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Lawrence Technological University, should consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $178,142.58 would be needed to afford a $1,484.52 monthly payment in the example $130,564.00 loan modeled above. This assumes a repayment over 10 years. You can change the terms of this example loan using the student loan calculator below. View statistics about Lawrence Technological University student loan debt and graduate salaries under student outcomes.

Projected 4 Year Degree Price

4 Year Sticker Price

Year All Residents
1 $57,409
2 $59,949
3 $62,601
4 $65,370

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Lawrence Technological University to be $229,636 - assuming graduation in normal time. The estimation assumes a 4.4% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Lawrence Technological University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,341 $4,023 $5,364

Estimated cost for a class at Lawrence Technological University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Lawrence Technological University versus other colleges.

Tuition Payment Plans Available

Lawrence Technological University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Tuition History

Historical tuition and price increases for Lawrence Technological University.

YearTuitionAnnual Increase

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Lawrence Technological University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Lawrence Technological University student loan.

Prepayment Option

Costs for Similar Colleges 

Explore costs at colleges similar to Lawrence Technological University

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=170675 IPEDS survey data for Lawrence Technological University.

Last updated February 24, 2024