Quantcast

Annual Costs

Undergraduate Tuition

Tuition for Laurel Business Institute is $9,414 for the 2017/2018 academic year. This is 32% cheaper than the national average private for-profit two year college tuition of $13,857. The cost is 26% cheaper than the average Pennsylvania tuition of $12,735 for 2 year colleges. Tuition ranks 19th in Pennsylvania amongst 2 year colleges for affordability and is the 40th most expensive 2 year college in the state. Price does not vary by residence.

The school charges an additional fees of $500 in addition to tuition bringing the total effective in-state tuition to $9,914.

Housing Costs

Laurel Business Institute doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Uniontown area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $3,240.

Books and Supplies

The estimated annual cost for books and supplies is $1,365.

Other Living Expenses

Off-campus students should budget for $900 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Laurel Business Institute was $15,419 for the 2017/2018 academic year. The cost is the same for all students regardless of Pennsylvania residence status as there is no in-state discount. Students residing at home with parents providing food and housing can expect a total cost of $12,839.

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

Costs and Tuition for Laurel Business Institute
Estimated Budgets
Pennsylvania Resident Total Budget (Living Off Campus)$15,419
   In-State Tuition$9,414
   Other Fees$500
   Off-Campus Housing Budget$3,240
   Off-Campus Other Budget$900
   Books and Supplies$1,365
Pennsylvania Resident Total Budget (Living with Parents)$12,839
   In-State Tuition$9,414
   Other Fees$500
   Family Provided Room and Board$0
   With-Family Other Living Budget$1,560
   Books and Supplies$1,365
Non-Resident Total Budget (Living Off Campus)$15,419
   Out-of-State Tuition$9,414
   Other Fees$500
   Off-Campus Housing Budget$3,240
   Off-Campus Other Budget$900
   Books and Supplies$1,365

Advertisement

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 $15,419 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 Laurel Business Institute net price for in-state students is $6,643* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

79% of Laurel Business Institute students received grant aid in 2014/2015. The average total aid amount was $6,269. 76 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 $3,761. To apply for a Pell Grant to attend Laurel Business Institute, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Laurel Business Institute
Financial Aid Summary
Average Annual Net Price$6,643*
Percent of Students Receiving Grant Aid79%
Average Total Grant Aid$6,269
Percent of Students Receiving Pell Grants76%
Average Amount of Pell Grant Aid$3,761

Average Net Price 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$6,632
$30,001 to $48,000$5,744
$48,001 to $75,000$9,344
$75,001 to $110,000$12,437
$110,000+$12,917

Average Financial Aid Mix - $15,419 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $15,419. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

43%
50%
7%

Grants and Scholarships

 43% - $6,269

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

Federal Loans

 50% - $7,237

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

Out of Pocket

 7% -  $1,013

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


*Reported Average Annual Net Price for 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.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Laurel Business Institute
Pennsylvania Institute of Health and Technology24.8% more expensive
Douglas Education Center68.7% more expensive
West Virginia Junior College Morgantown23.9% more expensive
Triangle Tech Inc Greensburg72.3% more expensive
Penn Commercial Business/Technical School82.7% more expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Laurel Business Institute.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at Laurel Business Institute is $30,838 for students graduating in normal time. This methodology for estimating the 2 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 $4,314 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $8,628**

**Based on a 2 year multiple of Average Annual Net Price for 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 Laurel Business Institute 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 Laurel Business Institute
Price per credit hour$350
Cost for one class (3 credit hours)$1,050
Cost for one class (4 credit hours)$1,400

Advertisements

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. 85% of Laurel Business Institute students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,237.

Example Loan Payments and Costs

How much are student loan payments for Laurel Business Institute? 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 $8,628, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $10,705.37. This could be your effective total out of pocket cost of an education at Laurel Business Institute. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 79% of students at this school who receive financial aid and you are paying an average annual net price of $4,314. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Laurel Business Institute 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.

Laurel Business Institute Student Loan Payments
Example Payments
Monthly Loan Payment$89.21
Amount Borrowed$8,628.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$2,077.37
Sum of All Payments over 10 years$10,705.37

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Laurel Business Institute? 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 Laurel Business Institute, 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 $10,705.37 would be needed to afford a $89.21 monthly payment in the example $8,628.00 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 Laurel Business Institute in the future? In the past four years, this school's published in-state tuition and fee total rose from $8,190 to $9,414. This amounts to an average annual price increase of 3%. 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 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 2 year cost of $30,838.00. 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 Laurel Business Institute.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$20,171$40,342
Estimated Cost in 10 years for students enrolling in 2029$25,744$51,488
Estimated Cost in 15 years for students enrolling in 2034 $32,856$65,713
Estimated Cost in 18 years for students enrolling in 2037 $38,035$76,071

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Laurel Business Institute 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
Medical/Clinical Assistant Associate's Degree 12 24% cheaper
Respiratory Therapy Technician/Assistant Associate's Degree 12 26% cheaper
Massage Therapy/Therapeutic Massage Associate's Degree 9 26% cheaper
Clinical/Medical Laboratory Technician Associate's Degree 8 17% cheaper
Accounting Technology/Technician and Bookkeeping Associate's Degree 7 21% cheaper
Child Care and Support Services Management Associate's Degree 4 15% cheaper
Executive Assistant/Executive Secretary Associate's Degree 3 11% cheaper
Sales, Distribution, and Marketing Operations, General Associate's Degree 3 16% cheaper
Computer and Information Sciences and Support Services, Other Associate's Degree 1 30% cheaper
Cosmetology/Cosmetologist, General Associate's Degree 1 16% cheaper
Medical Administrative/Executive Assistant and Medical Secretary Associate's Degree 1 19% cheaper

Calculators

Use the calculators below to formulate a college savings plan for Laurel Business Institute 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 Laurel Business Institute 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 Laurel Business Institute student loan.

Prepayment Option

About Laurel Business Institute

Laurel Business Institute is a two year private college located in Uniontown, Pennsylvania.  Full time enrollment is 206 and part time is 10. Learn more about getting accepted at Laurel Business Institute at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
Laurel Business Institute
11 East Penn St
Uniontown, Pennsylvania
15401

For Profit / Not For Profit Status

Laurel Business Institute is a private, for profit school.

Laurel Business Institute cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=250027 IPEDS survey data.