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Annual Costs

Undergraduate Tuition

Lake Washington Institute of Technology tuition is $2,748 per year for in-state residents. This is 61% cheaper than the national average public four year tuition of $7,056. The cost is 85% cheaper than the average Washington tuition of $18,938 for 4 year colleges. Tuition ranks 1st in Washington amongst 4 year colleges for affordability and is the 35th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $7,683 which represents a 180% premium.

The school charges an additional fees of $1,389 in addition to tuition bringing the total effective in-state tuition to $4,137.

Housing Costs

Lake Washington Institute of Technology doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Kirkland area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $10,539.

Books and Supplies

The estimated annual cost for books and supplies is $1,092.

Other Living Expenses

Off-campus students should budget for $3,516 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Washington residents to go to Lake Washington Institute of Technology is $19,284 for the 2017/2018 academic year. Out-of-state students who don't have Washington residence can expect a one year cost of $24,219. Students residing at home with parents providing food and housing should budget a total cost of $8,370.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Lake Washington Institute of Technology and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Lake Washington Institute of Technology
Estimated Budgets
Washington Resident Total Budget (Living Off Campus)$19,284
   In-State Tuition$2,748
   Other Fees$1,389
   Off-Campus Housing Budget$10,539
   Off-Campus Other Budget$3,516
   Books and Supplies$1,092
Washington Resident Total Budget (Living with Parents)$8,370
   In-State Tuition$2,748
   Other Fees$1,389
   Family Provided Room and Board$0
   With-Family Other Living Budget$3,141
   Books and Supplies$1,092
Non-Resident Total Budget (Living Off Campus)$24,219
   Out-of-State Tuition$7,683
   Other Fees$1,389
   Off-Campus Housing Budget$10,539
   Off-Campus Other Budget$3,516
   Books and Supplies$1,092

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $19,284 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Lake Washington Institute of Technology net price for in-state students is $6,001* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

41% of Lake Washington Institute of Technology students received grant aid in 2014/2015. The average total aid amount was $6,596. 37 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,145. To apply for a Pell Grant to attend Lake Washington Institute of Technology, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Lake Washington Institute of Technology
Financial Aid Summary
Average Annual Net Price$6,001*
Percent of Students Receiving Grant Aid41%
Average Total Grant Aid$6,596
Percent of Students Receiving Pell Grants37%
Average Amount of Pell Grant Aid$4,145

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$5,905
$30,001 to $48,000$5,918
$48,001 to $75,000$10,205
$75,001 to $110,000$12,835
$110,000+$12,835

Average Financial Aid Mix - $19,284 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $19,284. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

42%
33%
25%

Grants and Scholarships

 42% - $6,596

Money granted to you by the U.S. Department of Education, Lake Washington Institute of Technology or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 33% - $5,276

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 25% -  $3,896

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Lake Washington Institute of Technology.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Lake Washington Institute of Technology is $77,136 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $5,298 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $21,192**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $96,420 or $26,490 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Lake Washington Institute of Technology are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Lake Washington Institute of Technology
Price per credit hour for Washington residents$115
Cost for one class for Washington residents (3 credit hours)$345
Price per credit hour for out of state residents$263
Cost for one class for out of state residents (3 credit hours)$789
Cost for one class for out of state residents (4 credit hours)$1,052

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 23% of Lake Washington Institute of Technology students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,276.

Example Loan Payments and Costs

How much are student loan payments for Lake Washington Institute of Technology? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $21,192, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $26,294.41. This could be your effective total out of pocket cost of an education at Lake Washington Institute of Technology. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 41% of students at this school who receive financial aid and you are paying an average annual net price of $5,298. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Lake Washington Institute of Technology student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Lake Washington Institute of Technology Student Loan Payments
Example Payments
Monthly Loan Payment$219.12
Amount Borrowed$21,192.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$5,102.41
Sum of All Payments over 10 years$26,294.41

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Lake Washington Institute of Technology? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Lake Washington Institute of Technology, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $26,294.41 would be needed to afford a $219.12 monthly payment in the example $21,192.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Lake Washington Institute of Technology in the future? Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $77,136.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Lake Washington Institute of Technology.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$26,520$106,080
Estimated Cost in 10 years for students enrolling in 2029$33,847$135,388
Estimated Cost in 15 years for students enrolling in 2034 $43,198$172,793
Estimated Cost in 18 years for students enrolling in 2037 $50,007$200,030

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Lake Washington Institute of Technology to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Registered Nursing/Registered Nurse Associate's Degree 92 20% costlier
Computer Systems Networking and Telecommunications Associate's Degree 39 29% costlier
Dental Assisting/Assistant Associate's Degree 35 22% costlier
Medical/Clinical Assistant Associate's Degree 34 19% costlier
Accounting Technology/Technician and Bookkeeping Associate's Degree 30 24% costlier
Dental Hygiene/Hygienist Associate's Degree 29 24% costlier
CAD/CADD Drafting and/or Design Technology/Technician Associate's Degree 22 26% costlier
Computer Graphics Associate's Degree 22 14% costlier
Automobile/Automotive Mechanics Technology/Technician Associate's Degree 20 33% costlier
Animation, Interactive Technology, Video Graphics and Special Effects Associate's Degree 19 20% costlier
Welding Technology/Welder Associate's Degree 18 33% costlier
Applied Horticulture/Horticulture Operations, General Associate's Degree 17 23% costlier
Culinary Arts/Chef Training Associate's Degree 17 19% costlier
Motorcycle Maintenance and Repair Technology/Technician Associate's Degree 17 54% costlier
Design and Visual Communications, General Bachelor's Degree 14 39% cheaper
Web Page, Digital/Multimedia and Information Resources Design Associate's Degree 14 21% costlier
Data Entry/Microcomputer Applications, General Associate's Degree 13 17% costlier
Civil Drafting and Civil Engineering CAD/CADD Associate's Degree 11 33% costlier
Baking and Pastry Arts/Baker/Pastry Chef Associate's Degree 11 1% cheaper
Architectural Drafting and Architectural CAD/CADD Associate's Degree 11 22% costlier
Sport and Fitness Administration/Management Associate's Degree 9 8% costlier
Physical Therapy Technician/Assistant Associate's Degree 9 21% costlier
Early Childhood Education and Teaching Associate's Degree 9 27% costlier
Machine Tool Technology/Machinist Associate's Degree 8 35% costlier
Mental and Social Health Services and Allied Professions, Other Associate's Degree 7 33% costlier
Legal Administrative Assistant/Secretary Associate's Degree 7 28% costlier
Autobody/Collision and Repair Technology/Technician Associate's Degree 7 32% costlier
Electrical, Electronic and Communications Engineering Technology/Technician Associate's Degree 6 23% costlier
Industrial Mechanics and Maintenance Technology Associate's Degree 5 39% costlier
Funeral Direction/Service Associate's Degree 5 46% costlier
Liberal Arts and Sciences/Liberal Studies Associate's Degree 3 9% costlier
Chemical Technology/Technician Associate's Degree 3 23% costlier
Diesel Mechanics Technology/Technician Associate's Degree 3 34% costlier
Computer Programming/Programmer, General Associate's Degree 2 30% costlier
Technical Teacher Education Associate's Degree 1 15% costlier
Massage Therapy/Therapeutic Massage Associate's Degree 1 16% costlier

Calculators

Use the calculators below to formulate a college savings plan for Lake Washington Institute of Technology or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Lake Washington Institute of Technology in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Lake Washington Institute of Technology student loan.

Prepayment Option

About Lake Washington Institute of Technology

Lake Washington Institute of Technology is a four year public college located in Kirkland, Washington.  Full time enrollment is 1,613 and part time is 2,039.  Lake Washington Institute of Technology has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

Only undergraduate degrees are offered at this school.

Address
Lake Washington Institute of Technology
11605 132nd Ave NE
Kirkland, Washington
98034-8506

For Profit / Not For Profit Status

Lake Washington Institute of Technology is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

Lake Washington Institute of Technology cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=235699 IPEDS survey data.