Lake Area Technical Institute

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2017 Undergraduate Tuition

$2,736

4.59% growth from 2016

2017 Average Net Price

$11,536

After Financial Aid

2016 Student Loan

8.45%

Default Rate

2017 Enrolled Students

2,055

73.8% Full-Time

2017 Graduation Rate

71.6%

465 Graduates

About

Lake Area Technical Institute is a higher education institution located in Codington County, SD. In 2016, the most popular Bachelor's Degree concentrations at Lake Area Technical Institute were .

In 2017, 846 degrees were awarded across all undergraduate and graduate programs at Lake Area Technical Institute. 44% of these degrees were awarded to women, and 56% awarded men. The majority of degree recipients were white (785 degrees), 39.3 times more than then the next closest race/ethnicity group, unknown (20 degrees).

The median undergraduate tuition at Lake Area Technical Institute is $2,736, which is $-4,678 less than the national average for Associates Colleges ($7,414).

Costs

The median undergraduate tuition at Lake Area Technical Institute is $2,736, which is $-4,678 less than the national average for Associates Colleges ($7,414).

After taking grants and loans into account, the average net price for students is $11,536.

In 2017, 59% of undergraduate students received federal grants, while 71% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$2,736

2017 Undergraduate Tuition

In 2017, the cost of tuition at Lake Area Technical Institute was $2,736. The cost of tuition at Lake Area Technical Institute is $-4,678 less than than the overall (public and private) national average for Associates Colleges ($7,414).

This chart compares the tuition costs of Lake Area Technical Institute (in red) with those of other similar universities.

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Average Net Price

$11,536

2017 Value

2.85%

1 Year Growth

In 2017 Lake Area Technical Institute had an average net price — the price paid after factoring in grants and loans — of $11,536. Between 2016 and 2017, the average net price of Lake Area Technical Institute grew by 2.85%.

This chart compares the average net price of Lake Area Technical 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.

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Other Student Expenses

$6,700

Room and Board

$1,400

Books and Supplies

The average yearly cost of room and board at Lake Area Technical Institute was of $6,700 in 2017. During the same period, the average yearly cost of books and supplies was $1,400. The cost of room and board did not change between 2016 and 2017. The cost of books and supplies increased by 7.69% during the same period.

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Financial Aid

Financial Aid by Income Level

59%

Of Undergraduates Receive Grants

71%

Of Undergraduates Receive Federal Loans

59% of undergraduate students at Lake Area Technical Institute received grants or loans in 2017. This represents a decline of 3.28% with respect to 2016, when 61% of undergraduate students received financial aid.

This chart compares the average award discount at Lake Area Technical 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.

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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.

8.45%

2016 Default Rate

64

Number of Defaults

In 2016 the default rate for borrower's at Lake Area Technical Institute was 8.45%, which represents 64 out of the 757 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.

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Enrollment

Lake Area Technical Institute has a total enrollment of 2,055 students. The full-time enrollment at Lake Area Technical Institute is 1,517 students and the part-time enrollment is 538. This means that 73.8% of students enrolled at Lake Area Technical Institute are enrolled full-time.

The enrolled student population at Lake Area Technical Institute, both undergraduate and graduate, is 91.4% White, 2.04% American Indian or Alaska Native, 1.56% Hispanic or Latino, 0.827% Asian, 0.633% Black or African American, 0.292% Native Hawaiian or Other Pacific Islanders, and 0.0487% Two or More Races.

Students enrolled at Lake Area Technical Institute in full-time Undergraduate programs are majority White Male (55.1%), followed by White Female (35.9%) and American Indian or Alaska Native Male (1.32%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

73.8%

Full-Time Enrollment

The total enrollment at Lake Area Technical Institute, both undergraduate and graduate, is 2,055 students. The full-time enrollment at Lake Area Technical Institute is 1,517 and the part-time enrollment is 538. This means that 73.8% of students enrolled at Lake Area Technical Institute are enrolled full-time compared with 36% at similar Associates Colleges.

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

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Retention Rate over Time

81%

2017 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 Lake Area Technical Institute was 81%. Compared with the full-time retention rate at similar Associates Colleges (61%), Lake Area Technical Institute had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    1,878

  2. American Indian or Alaska Native

    42

  3. Hispanic or Latino

    32

The enrolled student population at Lake Area Technical Institute is 91.4% White, 2.04% American Indian or Alaska Native, 1.56% Hispanic or Latino, 0.827% Asian, 0.633% Black or African American, 0.292% Native Hawaiian or Other Pacific Islanders, and 0.0487% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 45.9% White, 25.3% Hispanic or Latino, and 12.8% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 61 students (2.97%) did not report their race.

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Graduates

In 2017, 102 fewer women than men received degrees from Lake Area Technical Institute. The majority of degree recipients at Lake Area Technical Institute are white (785 degrees awarded). There were 39.3 times more white graduates than the next closest race/ethnicity group, unknown (20 degrees).

The most common Bachelor's Degree concentration at Lake Area Technical Institute is N/A, followed by N/A and N/A.

The most specialized majors across all degree types at Lake Area Technical Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Agriculture (147 degrees awarded), Precision Production (83 degrees), and Mechanical Technologies (139 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lake Area Technical Institute are Social workers, all other (154,493 people), Other managers (78,101 people), Elementary & middle school teachers (45,719 people), Aircraft pilots & flight engineers (29,788 people), and Sales representatives, wholesale & manufacturing (28,506 people).

The most specialized majors at Lake Area Technical Institute are Agriculture (147 degrees awarded), Precision Production (83 degrees), Mechanical Technologies (139 degrees), Engineering Technologies (68 degrees), and Public Administration and Social Service (54 degrees).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake Area Technical Institute are Personal financial advisors, Physicians, Dentists, Marketing managers, and Medical & health services managers

The most specialized majors at Lake Area Technical Institute are Agriculture (147 degrees awarded), Precision Production (83 degrees), Mechanical Technologies (139 degrees), Engineering Technologies (68 degrees), and Public Administration and Social Service (54 degrees).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake Area Technical Institute are Elementary & secondary schools (110,521 people), Individual & family services (87,109 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (70,359 people), Colleges, universities & professional schools, including junior colleges (67,319 people), and Computer Systems Design (55,061 people).

The most specialized majors at Lake Area Technical Institute are Agriculture (147 degrees awarded), Precision Production (83 degrees), Mechanical Technologies (139 degrees), Engineering Technologies (68 degrees), and Public Administration and Social Service (54 degrees).

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Degrees

Majors Awarded

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

Most Common

  1. N/A

    N/A degrees awarded

  2. N/A

    N/A degrees awarded

  3. N/A

    N/A degrees awarded

In false, the most common bachelors degree concentration at Lake Area Technical Institute was N/A with N/A degrees awarded.

This visualization illustrates the percentage of degree recipients from bachelors degree programs at Lake Area Technical Institute according to their major.

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 474

  2. 372

In 2017, 474 degrees were awarded to men at Lake Area Technical Institute, which is 1.27 times more than the number of degrees awarded to females (372).

This chart displays the gender disparity between the top 5 majors at Lake Area Technical Institute by degrees awarded.

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Most Common Male Majors

In false, 108 degrees were awarded to men at Lake Area Technical Institute in General Agriculture Management, which is 2.77 times more than the 39 female recipients with that same degree.

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Most Common Female Majors

In false, 64 degrees were awarded to women at Lake Area Technical Institute in Licensed Practical & Vocational Nurse Training, which is 32 times more than the 2 male recipients with that same degree.

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Time to Complete

62%

100% Completion Time

71%

150% Completion Time

In 2017, 62% of students graduating from Lake Area Technical Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 71% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Lake Area Technical Institute is Female and Asian (100% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (68.1%).

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.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 7.31% of graduates (34 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    785 degrees awarded

  2. Unknown

    20 degrees awarded

  3. American Indian or Alaska Native

    17 degrees awarded

The most common race/ethnicity at Lake Area Technical Institute is white (785 degrees awarded). There were 39.3 times more white recipients than the next closest race/ethnicity group, unknown (20 degrees).

2.36% of degree recipients (20 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    449 degrees awarded

  2. White Female

    336 degrees awarded

  3. American Indian or Alaska Native Female

    10 degrees awarded

The most common race/ethnicity and gender grouping at Lake Area Technical Institute is white male (449 degrees awarded). There were 1.34 times more white male recipients than the next closest race/ethnicity group, white female (336 degrees).

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Operations

Lake Area Technical Institute has an endowment valued at nearly $3.55M, as of the end of the 2017 fiscal year. The return on its endowment was of $47.6k (1.34%), compared to the 2.22% average return ($81.1k on $3.66M) across all Associates Colleges.

In 2017, Lake Area Technical Institute had a total salary expenditure of $23.1M. Lake Area Technical Institute employs 108 Instructors, 0 N/A, and 0 N/A. Most academics at Lake Area Technical Institute are Male Instructors (64), Female Instructors(44), and N/A (0).

The most common positions for non-instructional staff at Lake Area Technical Institute are: Service, with 21 employees, Office and Administrative Support, with 20 employees, and Management with 11 employees.

Finances

Endowment

$3.55M

2017 Endowment

32.1%

growth from 2016

Lake Area Technical Institute has an endowment valued at about $3.55M, as of the end of the 2017 fiscal year. The endowment of Lake Area Technical Institute grew 32.1% from the previous year. The value of their endowment was $110k lower than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Lake Area Technical Institute (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: High Career & Technical-High Traditional Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts

  1. $1.97M - Federal

  2. $0 - State

  3. $0 - Local

As of 2017, Lake Area Technical Institute received $1.97M in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$10.3M

2017 Salaries

15%

growth from 2016

In 2017, Lake Area Technical Institute paid a median of $10.3M in salaries, which represents 44.5% of their overall expenditure ($23.1M) and a 15% growth from the previous year. This is compared to a 5.36% growth from 2015 and a 7.55% growth from 2014.

The median for similar Associates Colleges is 14.9M (41.7% of overall expenditures).

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Instructional Salaries

$6.33M

Instructional Salaries

108

Number of Employees

In 2017, Lake Area Technical Institute paid a total of $6.33M to 108 employees working as instructors, which represents 61.5% of all salaries paid.

This is compared to a median of $3.22M (34.5%) for similar Associates Colleges: High Career & Technical-High Traditional.

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Faculty and Staff

Occupations by Share

Instructor

Most Common Instructor

108 Employees

Service

Most Common Non-Instructional Employee

21 Employees

In 2017, the most common positions for instructional staff at Lake Area Technical Institute were Instructor with 108 employees; false with 0 employees; and false with 0 employees.

In 2017, the most common positions for non-instructional staff at Lake Area Technical Institute were Service with 21 employees; Office and Administrative Support with 20 employees; and Management with 11 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Instructor

  2. Female Instructor

  3. false

In 2017, the most common demographic for instructional staff at Lake Area Technical Institute was Male Instructor with 64 employees, Female Instructor with 44 employees, and false with 0 employees.

This chart shows the gender split between each academic rank present at Lake Area Technical Institute.

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