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#11 Best Private Colleges in Michigan

Lawrence Technological University Tuition & Cost

Southfield, Michigan

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How much does it cost to attend?

Sticker Price
$51,846
Costs for Lawrence Technological University
Fee Cost
Tuition$34,080
Books and Supplies$1,536
Other Fees$1,200
Room and Board $10,540
Other Expenses Budget$4,490

Annual Prices

The annual list price to attend Lawrence Technological University on a full time basis for 2018/2019 is $51,846 for all students regardless of their residency. This fee is comprised of $34,080 for tuition, $10,540 room and board, $1,536 for books and supplies and $1,200 for other fees. Out of state tuition for Lawrence Technological University is $34,080, the same as Michigan residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Lawrence Technological University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$32,406
Net Price by Income Lawrence Technological University
Family Income Net Price Paid
$0 to $30,000$31,543
$30,001 to $48,000$28,123
$48,001 to $75,000$32,036
$75,001 to $110,000$32,522
$110,000+$35,043

The average reported annual net price for Lawrence Technological University for students receiving grants or scholarship aid was $32,406 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Costs for Similar Colleges

Financial Aid

95% 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 $15,257 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 66% of students received Federal Student Loans averaging $5,530 and 20% of undergrads took out private student loans averaging $18,839.

Finanical Aid Lawrence Technological University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $15,257 95%
Institutional Grants and Scholarships $14,095 86%
Pell Grants $4,404 29%
Other Federal Grants $895 10%
State and Local Grants $2,553 40%
Federal Student Loans $5,530 66%
Other Student Loans $18,839 20%

Student Loans

To gauge a more realistic picture of what it may really 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 $93,660. The loan balance of $93,660 is a four year multiple of the $23,415 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 $894 could be required to satisfy your student loan.

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 2.75%.

Example Loan $93,660
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $893.62
Total Interest Paid $13,574.37
Sum of All Loan Payments $107,234.37

Projected 4 Year Degree Price

4 Year Sticker Price
$207,384
Year All Residents
1 $51,846
2 $53,423
3 $55,049
4 $56,724

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 $207,384 - assuming graduation in normal time. The estimation assumes a 3% 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 $1,136 $3,408 $4,544

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

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