How much does it cost to attend?
In State Texas Resident Sticker Price
| Fee | Cost |
|---|---|
| Tuition | $2,280 |
| Books and Supplies | $914 |
| Other Fees | $1,322 |
| Estimated Off Campus Cost of Living | $5,349 |
| Other Expenses Budget | $5,179 |
Out of State Resident Sticker Price
| Fee | Cost |
|---|---|
| Tuition | $12,408 |
| Books and Supplies | $914 |
| Other Fees | $1,322 |
| Estimated Off Campus Cost of Living | $5,349 |
| Other Expenses Budget | $5,179 |
Residents of Texas pay an annual total price of $15,044 to attend Lamar Institute of Technology on a full time basis. This fee is comprised of $2,280 for tuition, $914 for books and supplies and $1,322 for other fees.
Out of state residents are charged a total cost of $25,172 which is 67.3% higher than Texas residents. The tuition charge is $12,408 while books and supplies are $914 and other fees come in at $1,322.
All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
Will you get accepted?
Find out how likely you are to get accepted at Lamar Institute of Technology based on your GPA, test scores, and even extracurricular activities. Then, get custom recommendations for how to improve your odds - completely for free.
Calculate My ChancesSponsored by CollegeVine
Net Price
Net price is indicative of what it actually costs to attend Lamar Institute of Technology when typical grants and scholarships are considered. The net price varies by family income and financial need.
Average Net Price 2018/2019
| Family Income | Net Price Paid |
|---|---|
| $0 to $30,000 | $5,848 |
| $30,001 to $48,000 | $6,434 |
| $48,001 to $75,000 | $9,495 |
| $75,001 to $110,000 | $10,801 |
| $110,000+ | $12,511 |
The average reported annual net price for Lamar Institute of Technology for students receiving grants or scholarship aid was $7,033 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses
Explore Lamar Institute of Technology
Costs for Similar Colleges
Financial Aid
61% of full-time undergrad Lamar Institute of Technology received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $6,188 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 16% of students received Federal Student Loans averaging $5,922.
| Type | Avg./Student | Students Receiving |
|---|---|---|
| Total Grant and Scholarship Aid | $6,188 | 61% |
| Institutional Grants and Scholarships | $2,026 | 13% |
| Pell Grants | $5,264 | 49% |
| Other Federal Grants | $1,804 | 5% |
| State and Local Grants | $2,693 | 31% |
| Federal Student Loans | $5,922 | 16% |
| Other Student Loans | $0 | 0% |
Student Loans
To gauge a more realistic picture of what it may really cost you out of pocket to go to Lamar Institute of Technology, we've modeled a ten year student loan with an original principal value of $16,176. The loan balance of $16,176 is a two year multiple of the $8,088 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 $154 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 | $16,176 |
| Stafford Loan Interest Rate | 2.75% |
| Time to Pay Off Student Loan | 10 years |
| Example Monthly Payment | $154.34 |
| Total Interest Paid | $2,344.43 |
| Sum of All Loan Payments | $18,520.43 |
Projected 2 Year Degree Price
2 Year Sticker Price
| Year | Texas Residents | Non Residents |
|---|---|---|
| 1 | $15,044 | $25,172 |
| 2 | $16,097 | $26,934 |
Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Lamar Institute of Technology to be $30,088 - 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
| Price Per Credit | 3 Credit Class | 4 Credit Class | |
|---|---|---|---|
| Texas Residents | $95 | $285 | $380 | Out of State Residents | $517 | $1,551 | $2,068 |
Estimated cost for a class at Lamar Institute of Technology 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 Lamar Institute of Technology versus other colleges.
Tuition Payment Plans Available
| 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=441760 IPEDS survey data for Lamar Institute of Technology.