- The accreditation was recently renewed on February 28, 2017.
- The next accreditation review is scheduled for August 31, 2027.
With their net price calculators, many colleges and universities give an idea of what merit-based aid might accompany need-based aid. For schools that share such data, we also provide financial aid data in the Finanical Aid sections.
There are some caveats to consider when using the net price estimates:
- The net price calculation is weighted by this school's proportion of students living on- and off-campus and this school's estimate of off-campus costs, which may cause the net price methodology be a bit inconsistent from school to school.
- Parental income and student financial aid eligibility is sometimes more complicated than the simple family income number reported here.
- The net price calculation for all students is inclusive of students who received any institutional or government aid, but at the family income levels the net price only considers the tuition paid by those who qualified for federal aid.
You can get a little better guess at what you would pay by using this school's net price calculator.
Understanding the rules and process that determine who gets financial aid can be intimidating. Here are some quick links to help:
- Visit Lake Area Technical Institute's Net Price Calculator for the most accurate estimate of your anticipated costs. Every school publishes a Net Price Calculator that does its best to give you a fair estimate of what you might expect to pay. Many calculators consider your high school record as part of the calculation. This will be far more accurate than any of the averages or published tuition values that you see here.
- FederalStudentAid, a government site that will walk you through the federal financial aid process. There are a number of kinds of student loans and other aid, and this site can walk you through all of the choices you will need to make.
Applicants are notified of results on a rolling basis beginning April 1 and must respond within 4 weeks.
Across the country, graduation rates are surprisingly low. In fact, Forbes Magazine suggests that they are unacceptably low. However, from another point of view, sometimes graduation rates simply reflect the relative preparation of the students who enter. Colleges with a mission to help people coming from less advantaged backgrounds, such as first-generation and low-income students, may have low graduation rates despite relatively strong outcomes for students who face many obstacles to success. Without the context provided in these views of completion rates, it can be tricky to separate predatory schools that take financial advantage of under-prepared students from those that are actively seeking to encourage and help those students.
For the consumer choosing a school, once you have narrowed your list to those schools that you can afford and that seem likely to admit you, consider the outcome measures in this section and choose the specific measures that best describe your plans. Very simply, schools with high graduation rates and high loan repayment rates will likely give you the best opportunity to succeed.
How might your earnings compare with other people your age? Opportunity Insights used IRS data to track almost every person born in the US in the years 1980 to 1991, and they ranked the mean (average) 2014 earnings of students who attended Lake Area Technical Institute in comparison to all people in the US the same age. Although this data is now a little old, the scope of this project was awesome and gives us a glimpse at alumni performance that we cannot find until a new study of this incredible magnitude is performed.
The Equality Project found that by age 34, people's relative earnings had leveled off, so it's a good assumption that approximately 54% of the population will earn less than Lake Area Technical Institute alumni.
You might notice a little earnings dip at young ages for some of the top bachelor's institutions. This coincides with the years that many alumni may be in graduate school and earning less.
Opportunity Insights studied groups of all children born in the US in the same year for each birth year from 1980 to 1991. This grouping included every single US child who had a valid SSN or ITIN (tax identification number) and could be linked to parents with non-negative income.
The incomes of all families in a birth year group are measured when the child is 15-19 and these incomes are averaged. The calculated incomes from all families in the group were arranged from smallest to largest, and divided into five groups of equal size. On the left of the diagram, you can see the relative distribution of Lake Area Technical Institute's students between the family income divided into fifths formed by looking at the entire US group.
In 2014, all people from the same birth year were divided into a new set of five groups that were determined by their individual labor earnings for that year. The students from this birth year who primarily attended Lake Area Technical Institute between the ages of 19 and 22 were divided into these five groups, and the percent in each group is shown on the right of the diagram.
The diagram lets you see the proportion in each original income group who travel to each earnings group, and provides some insight into the likelihood of financial success after attendance.
If you'd like to understand the nitty gritty details of this interesting data, be sure to check out the well-written Opportunity Insights report by selecting SOURCES under the figure.
- Cooperative program
- Credit for advanced placement
- Distance learning
- Double-major allowed
- English as a Second Language program
- Independent study courses
- Internships
- Orientation program
- Part-time degree programs
- Remediation available
- Services for learning disabilities
- Summer session
- Personal/psychological counseling
- Remedial services
- Academic/career counseling services
- Employment services for current students
- Placement services for program completers
- On-campus day care for children of students
- Credit for Military Training
- Dedicated point of contact for support services for veterans, military servicemembers, and their families
- Member of Servicemembers Opportunity Colleges
- Recognized student veteran organization
A high proportion of international and out-of-state students speaks to reputation and offers an opportunity for diverse interactions in and out of class.
Lake Area Technical Institute has undergraduates from 19 states or territories and 5 countries.
Lake Area Technical Institute is a public school. Along with private not-for-profit schools, publicly-controlled schools do not have the goal of annual profit, but they do want to have healthy finances with adequate revenue to meet all expenses. On the other hand, private for-profit schools have creating a profit for shareholders as an annual goal.
Here we examine assets at Lake Area Technical Institute in context, and it seems most fair to adjust for the size of the institution. We examine the assets per full-time-equivalent student so that we level the playing field for size.
There's a catch to these assets, though. Many gifts to a school's endowment have strings attached; the money is restricted to a specific purpose. Assets shown in green below are unrestricted, and are very important to a school's ability to meet its financial obligations. Some assets are the land and buildings that a school must have in order to function, and these may appear as green (unrestricted assets) but are nonetheless less helpful in meeting annual financial commitments. This look at assets is only a piece of the puzzle as we decide if a school is stable.
