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Public 2 Year

Lamar Institute of Technology Tuition & Cost

Beaumont, Texas

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How much does it cost to attend?

In State Texas Resident Sticker Price
$15,858
In State Costs for Lamar Institute of Technology
Fee Cost
Tuition$3,353
Books and Supplies$888
Other Fees$1,390
Estimated Off Campus Cost of Living $5,196
Other Expenses Budget$5,031
Out of State Resident Sticker Price
$25,818
Out of State Costs for Lamar Institute of Technology
Fee Cost
Tuition$13,313
Books and Supplies$888
Other Fees$1,390
Estimated Off Campus Cost of Living $5,196
Other Expenses Budget$5,031

Residents of Texas pay an annual total price of $15,858 to attend Lamar Institute of Technology on a full time basis. This fee is comprised of $3,353 for tuition, $888 for books and supplies and $1,390 for other fees.

Out of state residents are charged a total cost of $25,818 which is 62.8% higher than Texas residents. The tuition charge is $13,313 while books and supplies are $888 and other fees come in at $1,390.

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 Lamar Institute of Technology when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$9,639
Net Price by Income Lamar Institute of Technology
Family Income Net Price Paid
$0 to $30,000$8,256
$30,001 to $48,000$9,596
$48,001 to $75,000$11,350
$75,001 to $110,000$13,897
$110,000+$15,098

The average reported annual net price for Lamar Institute of Technology for students receiving grants or scholarship aid was $9,639 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 Lamar Institute of Technology
Type Avg./Student Students Receiving
Annual Total Grant Aid $5,856 55%
Pell Grant $4,571 40%
Federal Student Loan $5,551 19%

The average reported annual net price for Lamar Institute of Technology for students receiving grants or scholarship aid was $9,639 in 2017/2018.

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 $168 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 $16,176
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $167.87
Total Interest Paid $3,968.61
Sum of All Loan Payments $20,144.61

Projected 2 Year Degree Price

2 Year Sticker Price
$31,716
Year Texas Residents Non Residents
1 $15,858 $25,818
2 $16,789 $27,334

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 $31,716 - assuming graduation in normal time. The estimation assumes a 5.9% 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 Lamar Institute of Technology
Price Per Credit 3 Credit Class 4 Credit Class
Texas Residents $140 $420 $560
Out of State Residents $555 $1,665 $2,220

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

Lamar Institute of Technology 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=441760 IPEDS survey data for Lamar Institute of Technology.