L
Private 2 Year

Laurel Technical Institute Tuition & Cost

Sharon, Pennsylvania

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How much does it cost to attend?

Sticker Price
$16,796
Costs for Laurel Technical Institute
Fee Cost
Tuition$10,172
Books and Supplies$1,364
Other Fees$740
Estimated Off Campus Cost of Living $3,240
Other Expenses Budget$1,280

Annual Prices

The annual list price to attend Laurel Technical Institute on a full time basis for 2020/2021 is $16,796 for all students regardless of their residency. This fee is comprised of $10,172 for tuition, $3,240 room and board, $1,364 for books and supplies and $740 for other fees. Out of state tuition for Laurel Technical Institute is $10,172, the same as Pennsylvania residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

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

Average Net Price 2019/2020
$4,663
Net Price by Income Laurel Technical Institute
Family Income Net Price Paid
$0 to $30,000$4,167
$30,001 to $48,000$6,816
$48,001 to $75,000$7,771
$75,001 to $110,000$12,836
$110,000+$14,658

The average reported annual net price for Laurel Technical Institute for students receiving grants or scholarship aid was $4,663 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

92% of full-time undergrad Laurel Technical Institute received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $10,380 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 69% of students received Federal Student Loans averaging $6,572 and 5% of undergrads took out private student loans averaging $6,022.

Finanical Aid Laurel Technical Institute
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $10,380 92%
Institutional Grants and Scholarships $2,425 3%
Pell Grants $5,712 69%
Other Federal Grants $754 45%
State and Local Grants $8,465 45%
Federal Student Loans $6,572 69%
Other Student Loans $6,022 5%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Laurel Technical Institute, we've modeled a ten year student loan with an original principal value of $16,606. The loan balance of $16,606 is a two year multiple of the $8,303 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 $158 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 $16,606
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $158.44
Total Interest Paid $2,406.75
Sum of All Loan Payments $19,012.75

Projected 2 Year Degree Price

2 Year Sticker Price
$33,592
Year All Residents
1 $16,796
2 $17,322

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Laurel Technical Institute to be $33,592 - assuming graduation in normal time. The estimation assumes a 3.1% annual increase over the next 2 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Laurel Technical Institute
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $350 $1,050 $1,400

Estimated cost for a class at Laurel Technical Institute 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 Laurel Technical Institute versus other colleges.

Tuition Payment Plans Available

Laurel Technical Institute 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=215992 IPEDS survey data for Laurel Technical Institute.