Laurel Business Institute

laurel.edu

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2022 Undergraduate Tuition

$10,680

4.4% growth from 2021

2022 Average Net Price

$7,206

After Financial Aid

2019 Default Rate

1.16%

on Student Loans

2022 Acceptance Rate

84%

162 Applicants

2022 Enrolled Students

305

98.4% Full-Time

2022 Graduation Rate

87.5%

70 Graduates

About

Laurel Business Institute is a higher education institution located in Fayette County, PA. In 2022, the most popular Associates Degree concentrations at Laurel Business Institute were Electrician (32 degrees awarded), Respiratory Care Therapist (13 degrees), and Network & System Administration (6 degrees).

In 2022, 194 degrees were awarded across all undergraduate and graduate programs at Laurel Business Institute. 72.7% of these degrees were awarded to women, and 27.3% awarded men. The most common race/ethnicity group of degree recipients was white (179 degrees), 16.3 times more than then the next closest race/ethnicity group, black or african american (11 degrees).

The median undergraduate tuition at Laurel Business Institute is $10,680, which is $2,568 more than the national average for Associates Colleges ($8,112).

In 2019 the default rate for borrower's at Laurel Business Institute was 1.16%, corresponding to 2 out of the 172 total borrowers.

Associates Colleges: High Career & Technical-Mixed Traditional/Nontraditional Associates Colleges

Costs

In 2022, the median undergraduate tuition at Laurel Business Institute is $10,680, which is $2,568 more than the national average for Associates Colleges ($8,112).

After taking grants and loans into account, the average net price for students is $7,206.

In 2022, 88% of undergraduate students attending Laurel Business Institute received financial aid through grants. Comparatively, 70% of undergraduate students received financial aid through loans.

Tuition Costs

$10,680

2022 Undergraduate Tuition

In 2022, the cost of tuition at Laurel Business Institute was $10,680. The cost of tuition at Laurel Business Institute is $2,568 more than than the overall (public and private) national average for Associates Colleges ($8,112).

This chart compares the tuition costs of Laurel Business Institute (in red) with those of other similar universities.

Average Net Price

$7,206

2022 Value

4.01%

1 Year Growth

In 2022 Laurel Business Institute had an average net price — the price paid after factoring in grants and loans — of $7,206. Between 2021 and 2022, the average net price of Laurel Business Institute grew by 4.01%.

This chart compares the average net price of Laurel Business Institute (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$3,240

Room and Board

$1,314

Books and Supplies

The average yearly cost of room and board at Laurel Business Institute was of $3,240 in 2022. The cost of room and board did not change between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,314. The cost of books and supplies decreased by 3.67% during the same period.

This chart compares the average student costs at Laurel Business Institute (in red) with that of similar universities.

Financial Aid by Income Level

88%

Undergraduates Receiving Financial Aid through Grants

70%

Undergraduates Receiving Financial Aid through Loans

88% of undergraduate students at Laurel Business Institute received financial aid through grants or loans in 2022. This represents a growth of 11.4% with respect to 2021, when 79% of undergraduate students received financial aid.

This chart compares the average award discount at Laurel Business Institute (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

1.16%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Laurel Business Institute was 1.16%, which represents 2 out of the 172 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Laurel Business Institute received 162 undergraduate applications in 2022, which represents a 7.95% annual growth. Out of those 162 applicants, 136 students were accepted for enrollment, representing a 84% acceptance rate.

There were 305 students enrolled at Laurel Business Institute in 2022.

Laurel Business Institute has an overall enrollment yield of 85.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

84%

Acceptance Rate in 2022

136

Accepted Out of 162

In 2022, the undergraduate acceptance rate of Laurel Business Institute was 84% (136 admissions from 162 applications). This is lower than the acceptance rate of 2021, which was 90.9%. Between 2021 and 2022, the number of applicants declined by 7.95%, while admissions declined by 15%.

This chart compares the acceptance rate of Laurel Business Institute (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

Enrollment

Laurel Business Institute had a total enrollment of 305 students in 2022. The full-time enrollment at Laurel Business Institute is 300 students and the part-time enrollment is 5. This means that 98.4% of students enrolled at Laurel Business Institute are enrolled full-time.

The enrolled student population at Laurel Business Institute, both undergraduate and graduate, is 92.5% White, 5.9% Black or African American, 0.656% Hispanic or Latino, 0.656% Two or More Races, and 0.328% Asian.

Students enrolled at Laurel Business Institute in full-time Undergraduate programs are most commonly White Female (63.3%), followed by White Male (29%) and Black or African American Female (3.67%).

Full-Time vs Part-Time Enrollment

98.4%

Full-Time Enrollment

The total enrollment at Laurel Business Institute in 2022, both undergraduate and graduate, is 305 students. The full-time enrollment at Laurel Business Institute is 300 and the part-time enrollment is 5. This means that 98.4% of students enrolled at Laurel Business Institute are enrolled full-time compared with N/A% at similar Associates Colleges.

This chart shows the full-time vs part-time enrollment status at Laurel Business Institute (in red) compares to similar universities.

Retention Rate over Time

88%

2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Laurel Business Institute was 88%. Compared with the full-time retention rate at similar Associates Colleges (62%), Laurel Business Institute had a retention rate higher than its peers.

This chart shows the retention rate over time at Laurel Business Institute (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
282 enrolled students
Black or African American
18 enrolled students
Hispanic or Latino
2 enrolled students

The enrolled student population at Laurel Business Institute is 92.5% White, 5.9% Black or African American, 0.656% Hispanic or Latino, 0.656% Two or More Races, and 0.328% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 42.9% White, 27.9% Hispanic or Latino, and 12.5% Black or African American.

Graduates

In 2022, 88 more women than men received degrees from Laurel Business Institute. The most common race/ethnicity group of degree recipients at Laurel Business Institute is white (179 degrees awarded). There were 16.3 times more white recipients than the next closest race/ethnicity group, black or african american (11 degrees).

The most common Associates Degree concentration at Laurel Business Institute is Electrician (32 degrees awarded), followed by Respiratory Care Therapist (13 degrees) and Network & System Administration (6 degrees).

In 2022, the most specialized majors across all degree types at Laurel Business Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Construction (32 degrees awarded), Personal & Culinary Services (91 degrees), and Precision Production (11 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Laurel Business Institute are Registered nurses (1,481,849 people), Accountants & auditors (1,049,286 people), Other managers (818,105 people), Software developers (665,137 people), and Financial managers (505,469 people).

The most specialized majors at Laurel Business Institute in 2022 are Construction (32 degrees awarded), Personal & Culinary Services (91 degrees), Precision Production (11 degrees), Health (49 degrees), and Computer and Information Sciences and Support Services (6 degrees) (as of 2022).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Laurel Business Institute are Surgeons, Chief executives & legislators, Physicians, Cardiovascular technologists and technicians, and Architectural & engineering managers

The most specialized majors at Laurel Business Institute are Construction (32 degrees awarded), Personal & Culinary Services (91 degrees), Precision Production (11 degrees), Health (49 degrees), and Computer and Information Sciences and Support Services (6 degrees) (as of 2022).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Laurel Business Institute are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,827,423 people), Computer Systems Design (1,045,197 people), Elementary & secondary schools (716,511 people), Banking & related activities (537,122 people), and Colleges, universities & professional schools, including junior colleges (521,672 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Laurel Business Institute.

Most Common (2022)

Electrician
32 degrees awarded
Respiratory Care Therapist
13 degrees awarded
Network & System Administration
6 degrees awarded

In 2022, the most common associates degree concentration at Laurel Business Institute was Electrician with 32 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Laurel Business Institute according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

141

Degrees Awarded to Women

in 2022

In 2022, 53 degrees were awarded to men at Laurel Business Institute, which is 0.376 times less than the number of degrees awarded to females (141).

This chart displays the sex disparity between the top 5 majors at Laurel Business Institute by degrees awarded.

Most Common Male Majors

In 2022, 30 degrees were awarded to men at Laurel Business Institute in Electrician, which is 15 times more than the 2 female recipients with that same degree.

Most Common Female Majors

In 2022, 40 degrees were awarded to men at Laurel Business Institute in General Cosmetology, which is 40 times more than the 1 male recipients with that same degree.

Time to Complete

75%

100% Completion Time

75%

150% Completion Time

In 2022, 75% of students graduating from Laurel Business Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 75% completed their degrees within 150% of the normal time, and 75% within 200%.

The following chart shows these completion rates over time compared to the average for the Associates Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Black or African American Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Laurel Business Institute is Male and Black or African American (100% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
179 degrees awarded
Black or African American
11 degrees awarded
Two or More Races
3 degrees awarded

The most common race/ethnicity at Laurel Business Institute is white (179 degrees awarded). There were 16.3 times more white recipients than the next closest race/ethnicity group, black or african american (11 degrees).

0.515% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
130 degrees awarded
White Male
49 degrees awarded
Black or African American Female
8 degrees awarded

The most common race/ethnicity and sex grouping at Laurel Business Institute is white female (130 degrees awarded). There were 2.65 times more white female recipients than the next closest race/ethnicity group, white male (49 degrees).

Operations

Laurel Business Institute employs 24 Instructors. Most academics at Laurel Business Institute are Female Instructor (15), and Male Instructor (9).

The most common positions for non-instructional staff at Laurel Business Institute are: Office and Administrative Support, with 8 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 6 employees, and Management with 5 employees.

Salary Expenditure

$2.43M

2022 Salaries

11.2%

growth from 2021

In 2022, Laurel Business Institute paid a median of $2.43M in salaries, a 11.2% growth from the previous year. This is compared to a 8.28% growth between 2020 and 2021, and a 10.8% growth between 2019 and 2020.

The median for similar Associates Colleges is 16.8M (40.1% of overall expenditures).

Instructional Salaries

$1.22M

Instructional Salaries

Number of Employees

In 2022, Laurel Business Institute paid a total of $1.22M to 24 employees working as instructors, which represents 50.4% of all salaries paid.

This is compared to a median of $5.35M (31.8%) for similar Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

24 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

8 Employees

In 2022, the most common positions for instructional staff at Laurel Business Institute was Instructor with 24 employees.

In 2022, the most common positions for non-instructional staff at Laurel Business Institute were Office and Administrative Support with 8 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 6 employees, and Management with 5 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Female Instructor
Male Instructor

In 2022, the most common demographic for instructional staff at Laurel Business Institute was Female Instructor with 15 employees, and Male Instructor with 9 employees.

This chart shows the sex split between each academic rank present at Laurel Business Institute.

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