Public 2 Year

LATI Tuition & Cost

Watertown, South Dakota

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How much does it cost to attend?

Sticker Price
Costs for Lake Area Technical Institute
Fee Cost
Books and Supplies$1,400
Other Fees$2,548
Estimated Off Campus Cost of Living $6,850
Other Expenses Budget$2,925

Annual Prices

The annual list price to attend Lake Area Technical Institute on a full time basis for 2018/2019 is $16,507 for all students regardless of their residency. This fee is comprised of $2,784 for tuition, $6,850 room and board, $1,400 for books and supplies and $2,548 for other fees. Out of state tuition for Lake Area Technical Institute is $2,784, the same as South Dakota residents.

All price data is sourced from the 2018/2019 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 Lake Area Technical Institute when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
Net Price by Income Lake Area Technical Institute
Family Income Net Price Paid
$0 to $30,000$9,326
$30,001 to $48,000$10,052
$48,001 to $75,000$12,642
$75,001 to $110,000$14,394

The average reported annual net price for Lake Area Technical Institute for students receiving grants or scholarship aid was $11,536 in 2017/2018. 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

Finanical Aid Lake Area Technical Institute
Type Avg./Student Students Receiving
Annual Total Grant Aid $3,485 68%
Pell Grant $4,188 40%
Federal Student Loan $5,036 88%

The average reported annual net price for Lake Area Technical Institute for students receiving grants or scholarship aid was $11,536 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Lake Area Technical Institute, we've modeled a ten year student loan with an original principal value of $16,776. The loan balance of $16,776 is a two year multiple of the $8,388 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 $174 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 4.529%.

Example Loan $16,776
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $174.10
Total Interest Paid $4,115.81
Sum of All Loan Payments $20,891.81

Projected 2 Year Degree Price

2 Year Sticker Price
Year All Residents
1 $16,507
2 $17,662

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Lake Area Technical Institute to be $33,014 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 2 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Lake Area Technical Institute
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $116 $348 $464

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

Tuition Payment Plans Available

Lake Area 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=219143 IPEDS survey data for Lake Area Technical Institute.