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Annual Costs

Undergraduate Tuition

Lamar Institute of Technology tuition is $3,299 per year for in-state residents. This is 7% cheaper than the national average public two year tuition of $3,532. The cost is 33% cheaper than the average Texas tuition of $4,903 for 2 year colleges. Tuition ranks 41st in Texas amongst 2 year colleges for affordability and is the 38th most expensive 2 year college in the state. If attending from out-of-state, the tuition is $13,259 which represents a 302% premium.

The school charges an additional fees of $1,390 in addition to tuition bringing the total effective in-state tuition to $4,689.

Housing Costs

Lamar 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 Beaumont area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $5,104.

Books and Supplies

The estimated annual cost for books and supplies is $872.

Other Living Expenses

Off-campus students should budget for $4,942 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Texas residents to go to Lamar Institute of Technology is $15,607 for the 2017/2018 academic year. Out-of-state students who don't have Texas residence can expect a one year cost of $25,567. Students residing at home with parents providing food and housing should budget a total cost of $10,313.

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

Costs and Tuition for Lamar Institute of Technology
Estimated Budgets
Texas Resident Total Budget (Living Off Campus)$15,607
   In-State Tuition$3,299
   Other Fees$1,390
   Off-Campus Housing Budget$5,104
   Off-Campus Other Budget$4,942
   Books and Supplies$872
Texas Resident Total Budget (Living with Parents)$10,313
   In-State Tuition$3,299
   Other Fees$1,390
   Family Provided Room and Board$0
   With-Family Other Living Budget$4,752
   Books and Supplies$872

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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 $15,607 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 Lamar Institute of Technology net price for in-state students is $9,068* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

62% of Lamar Institute of Technology students received grant aid in 2014/2015. The average total aid amount was $5,154. 55 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 $3,855. To apply for a Pell Grant to attend Lamar Institute of Technology, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Lamar Institute of Technology
Financial Aid Summary
Average Annual Net Price$9,068*
Percent of Students Receiving Grant Aid62%
Average Total Grant Aid$5,154
Percent of Students Receiving Pell Grants55%
Average Amount of Pell Grant Aid$3,855

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$8,647
$30,001 to $48,000$9,194
$48,001 to $75,000$12,279
$75,001 to $110,000$12,849
$110,000+$13,688

Average Financial Aid Mix - $15,607 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $15,607. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

48%
42%
9%

Grants and Scholarships

 48% - $5,154

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

Federal Loans

 42% - $4,509

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

Out of Pocket

 9% -  $1,002

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.

Tuition Comparison to Similar Community Colleges in the Region

School Cost vs. Lamar Institute of Technology
Lamar State College Port Arthur27.3% more expensive
Lamar State College Orange0.3% less expensive
Sowela Technical Community College1.1% more expensive
Lee College38.9% less expensive
Galveston College45.4% less 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 Lamar Institute of Technology.

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 Lamar Institute of Technology is $31,214 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 $8,088 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $16,176**

**Based on a 2 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

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Lamar Institute of Technology.

Texas Resident Tuition Per Semester$1,650
Texas Resident Total Cost Per Semester$7,804
Non-Texas Resident Tuition Per Semester$6,630
Non-Texas Resident Total Cost Per Semester$12,784

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 Lamar 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 Lamar Institute of Technology
Price per credit hour for Texas residents$137
Cost for one class for Texas residents (3 credit hours)$411
Price per credit hour for out of state residents$552
Cost for one class for out of state residents (3 credit hours)$1,656
Cost for one class for out of state residents (4 credit hours)$2,208

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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. 37% of Lamar Institute of Technology students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,509.

Example Loan Payments and Costs

How much are student loan payments for Lamar 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 $16,176, 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 $20,070.71. This could be your effective total out of pocket cost of an education at Lamar Institute of Technology. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 62% of students at this school who receive financial aid and you are paying an average annual net price of $8,088. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Lamar 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.

Lamar Institute of Technology Student Loan Payments
Example Payments
Monthly Loan Payment$167.26
Amount Borrowed$16,176.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$3,894.71
Sum of All Payments over 10 years$20,070.71

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Lamar 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 Lamar 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 $20,070.71 would be needed to afford a $167.26 monthly payment in the example $16,176.00 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 Lamar Institute of Technology in the future? In the past four years, this school's published in-state tuition and fee total rose from $2,592 to $3,299. This amounts to an average annual price increase of 5.5%. 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 in-state 2 year cost of $31,214.00. 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 Lamar Institute of Technology.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$20,417$40,834
Estimated Cost in 10 years for students enrolling in 2029$26,058$52,115
Estimated Cost in 15 years for students enrolling in 2034 $33,257$66,514
Estimated Cost in 18 years for students enrolling in 2037 $38,499$76,998

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Lamar 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
Chemical Technology/Technician Associate's Degree 73 30% costlier
Instrumentation Technology/Technician Associate's Degree 60 51% costlier
Drafting and Design Technology/Technician, General Associate's Degree 38 49% costlier
Dental Hygiene/Hygienist Associate's Degree 27 31% costlier
Radiologic Technology/Science - Radiographer Associate's Degree 26 31% costlier
Business Administration and Management, General Associate's Degree 23 18% costlier
Respiratory Care Therapy/Therapist Associate's Degree 22 32% costlier
Computer Technology/Computer Systems Technology Associate's Degree 22 33% costlier
Accounting Technology/Technician and Bookkeeping Associate's Degree 19 31% costlier
Diagnostic Medical Sonography/Sonographer and Ultrasound Technician Associate's Degree 18 31% costlier
Public Administration Associate's Degree 14 24% costlier
Health Information/Medical Records Technology/Technician Associate's Degree 13 34% costlier
Real Estate Associate's Degree 9 27% costlier
Industrial Mechanics and Maintenance Technology Associate's Degree 8 47% costlier
Administrative Assistant and Secretarial Science, General Associate's Degree 8 37% costlier
Welding Technology/Welder Associate's Degree 6 40% costlier
Diesel Mechanics Technology/Technician Associate's Degree 5 41% costlier
Computer and Information Sciences, General Associate's Degree 4 29% costlier
Occupational Safety and Health Technology/Technician Associate's Degree 3 59% costlier
Institutional Food Workers Associate's Degree 3 49% costlier
Heating, Ventilation, Air Conditioning and Refrigeration Engineering Technology/Technician Associate's Degree 3 26% costlier
Criminal Justice/Police Science Associate's Degree 2 32% costlier
Child Care and Support Services Management Associate's Degree 2 41% costlier
Emergency Medical Technology/Technician (EMT Paramedic) Associate's Degree 1 42% costlier
Fire Prevention and Safety Technology/Technician Associate's Degree 1 28% costlier

Calculators

Use the calculators below to formulate a college savings plan for Lamar 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 Lamar 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 Lamar Institute of Technology student loan.

Prepayment Option

About Lamar Institute of Technology

Lamar Institute of Technology is a two year community college located in Beaumont, Texas.  Full time enrollment is 1,248 and part time is 1,620.  Lamar 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. Learn more about Lamar Institute of Technology at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
Lamar Institute of Technology
855 E Lavaca
Beaumont, Texas
77705

For Profit / Not For Profit Status

Lamar 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.

Lamar Institute of Technology cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=441760 IPEDS survey data.