Lawrence Technological University

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2022 Undergraduate Tuition
$38,370
5.18% growth from 2021
2022 Average Net Price
$32,641
After Financial Aid
2019 Default Rate
0.866%
on Student Loans
2022 Acceptance Rate
81.9%
2,537 Applicants
2022 Enrolled Students
2,966
59.6% Full-Time
2022 Graduation Rate
65.5%
239 Graduates

About

Lawrence Technological University is a higher education institution located in Oakland County, MI. In 2022, the most popular Bachelors Degree concentrations at Lawrence Technological University were Mechanical Engineering (60 degrees awarded), Electrical & Electronics Engineering (45 degrees), and Computer Science (31 degrees).

In 2022, 647 degrees were awarded across all undergraduate and graduate programs at Lawrence Technological University. 30.9% of these degrees were awarded to women, and 69.1% awarded men. The most common race/ethnicity group of degree recipients was white (412 degrees), 11.4 times more than then the next closest race/ethnicity group, black or african american (36 degrees).

The median undergraduate tuition at Lawrence Technological University is $38,370, which is $14,374 more than the national average for Masters Colleges and Universities ($23,996).

Costs

In 2022, the median undergraduate tuition at Lawrence Technological University is $38,370, which is $14,374 more than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $32,641.

In 2022, 70% of undergraduate students attending Lawrence Technological University received financial aid through grants. Comparatively, 42% of undergraduate students received financial aid through loans.

Tuition Costs

$38,370
2022 Undergraduate Tuition

In 2022, the cost of tuition at Lawrence Technological University was $38,370. The cost of tuition at Lawrence Technological University is $14,374 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

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Average Net Price

$32,641
2022 Value
0.0398%
1 Year Growth

In 2022 Lawrence Technological University had an average net price — the price paid after factoring in grants and loans — of $32,641. Between 2021 and 2022, the average net price of Lawrence Technological University grew by 0.0398%.

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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

$11,055
Room and Board
$1,598
Books and Supplies

The average yearly cost of room and board at Lawrence Technological University was of $11,055 in 2022. The cost of room and board increased by 1.42% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,598. The cost of books and supplies increased by 1.98% during the same period.

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Financial Aid by Income Level

70%
Undergraduates Receiving Financial Aid through Grants
42%
Undergraduates Receiving Financial Aid through Loans

70% of undergraduate students at Lawrence Technological University received financial aid through grants or loans in 2022. This represents a decline of 2.78% with respect to 2021, when 72% of undergraduate students received financial aid.

This chart compares the average award discount at Lawrence Technological University (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.
0.866%
2019 Default Rate
4
Number of Defaults

In 2019 the default rate for borrower's at Lawrence Technological University was 0.866%, which represents 4 out of the 462 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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Admissions

Lawrence Technological University received 2,537 undergraduate applications in 2022, which represents a 3.94% annual growth. Out of those 2,537 applicants, 2,078 students were accepted for enrollment, representing a 81.9% acceptance rate.

There were 2,966 students enrolled at Lawrence Technological University in 2022.

Lawrence Technological University has an overall enrollment yield of 20.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

81.9%
Acceptance Rate in 2022
2,078
Accepted Out of 2,537

In 2022, the undergraduate acceptance rate of Lawrence Technological University was 81.9% (2,078 admissions from 2,537 applications). This is higher than the acceptance rate of 2021, which was 81.1%. Between 2021 and 2022, the number of applicants grew by 3.94%, while admissions declined by −2.94%..

This chart compares the acceptance rate of Lawrence Technological University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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Enrollment

Lawrence Technological University had a total enrollment of 2,966 students in 2022. The full-time enrollment at Lawrence Technological University is 1,769 students and the part-time enrollment is 1,197. This means that 59.6% of students enrolled at Lawrence Technological University are enrolled full-time.

The enrolled student population at Lawrence Technological University, both undergraduate and graduate, is 53.1% White, 11.4% Black or African American, 4.35% Asian, 3.51% Hispanic or Latino, 2.36% Two or More Races, 0.169% American Indian or Alaska Native, and 0.101% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lawrence Technological University in full-time Undergraduate programs are most commonly White Male (43.3%), followed by White Female (20.2%) and Black or African American Male (6.78%). Students enrolled in full-time Graduate programs are most commonly White Female (30.1%), followed by White Male (17.8%) and Asian Male (4.11%).

Full-Time vs Part-Time Enrollment

59.6%
Full-Time Enrollment

The total enrollment at Lawrence Technological University in 2022, both undergraduate and graduate, is 2,966 students. The full-time enrollment at Lawrence Technological University is 1,769 and the part-time enrollment is 1,197. This means that 59.6% of students enrolled at Lawrence Technological University are enrolled full-time compared with 67.6% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Lawrence Technological University (in red) compares to similar universities.

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Retention Rate over Time

70%
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 Lawrence Technological University was 70%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Lawrence Technological University had a retention rate lower than its peers.

This chart shows the retention rate over time at Lawrence Technological University (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    1,576 enrolled students
  2. Black or African American
    337 enrolled students
  3. Asian
    129 enrolled students

The enrolled student population at Lawrence Technological University is 53.1% White, 11.4% Black or African American, 4.35% Asian, 3.51% Hispanic or Latino, 2.36% Two or More Races, 0.169% American Indian or Alaska Native, and 0.101% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 51.2% White, 17.3% Hispanic or Latino, and 13% 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, 286 students (9.64%) did not report their race.

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Graduates

In 2022, 247 fewer women than men received degrees from Lawrence Technological University. The most common race/ethnicity group of degree recipients at Lawrence Technological University is white (412 degrees awarded). There were 11.4 times more white recipients than the next closest race/ethnicity group, black or african american (36 degrees).

The most common Bachelor's Degree concentration at Lawrence Technological University is Mechanical Engineering (60 degrees awarded), followed by Electrical & Electronics Engineering (45 degrees) and Computer Science (31 degrees).

In 2022,  the most specialized majors across all degree types at Lawrence Technological University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (248 degrees awarded), Communication Technologies (13 degrees), and Engineering Technologies (33 degrees).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lawrence Technological University are Software developers (1,004,411 people), Other managers (484,299 people), Miscellaneous engineers, including nuclear engineers (391,127 people), Civil engineers (291,039 people), and Mechanical engineers (220,998 people).

The most specialized majors at Lawrence Technological University in 2022 are Engineering (248 degrees awarded), Communication Technologies (13 degrees), Engineering Technologies (33 degrees), Computer and Information Sciences and Support Services (71 degrees), and Visual & Performing Arts (21 degrees) (as of 2022).

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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 Lawrence Technological University are Podiatrists, Cardiovascular technologists and technicians, Surgeons, Physicians, and Architectural & engineering managers

The most specialized majors at Lawrence Technological University are Engineering (248 degrees awarded), Communication Technologies (13 degrees), Engineering Technologies (33 degrees), Computer and Information Sciences and Support Services (71 degrees), and Visual & Performing Arts (21 degrees) (as of 2022).

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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 Lawrence Technological University are Computer Systems Design (1,077,664 people), Architectural, engineering & related services (502,287 people), Construction (373,997 people), Colleges, universities & professional schools, including junior colleges (368,147 people), and Elementary & secondary schools (320,110 people).

The most specialized majors at Lawrence Technological University are Engineering (248 degrees awarded), Communication Technologies (13 degrees), Engineering Technologies (33 degrees), Computer and Information Sciences and Support Services (71 degrees), and Visual & Performing Arts (21 degrees) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lawrence Technological University.
Most Common (2022)
  1. 60 degrees awarded
  2. 45 degrees awarded
  3. 31 degrees awarded

In 2022, the most common bachelors degree concentration at Lawrence Technological University was Mechanical Engineering with 60 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Lawrence Technological University according to their major.

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Sex Breakdown for Common Majors

447
Degrees Awarded to Men
in 2022
200
Degrees Awarded to Women
in 2022

In 2022, 447 degrees were awarded to men at Lawrence Technological University, which is 2.23 times more than the number of degrees awarded to females (200).

This chart displays the sex disparity between the top 5 majors at Lawrence Technological University by degrees awarded.

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Most Common Male Majors

In 2022, 69 degrees were awarded to men at Lawrence Technological University in Mechanical Engineering, which is 11.5 times more than the 6 female recipients with that same degree.

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Most Common Female Majors

In 2022, 20 degrees were awarded to men at Lawrence Technological University in Registered Nursing, which is 2.86 times more than the 7 male recipients with that same degree.

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Time to Complete

30%
100% Completion Time
58%
150% Completion Time

In 2022, 30% of students graduating from Lawrence Technological University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 58% completed their degrees within 150% of the normal time, and 64% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities 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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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Lawrence Technological University is Female and Asian (100% graduation rate). Across all Masters Colleges and Universities, 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.

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, 2.51% of graduates (6 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    412 degrees awarded
  2. Black or African American
    36 degrees awarded
  3. Asian
    19 degrees awarded

The most common race/ethnicity at Lawrence Technological University is white (412 degrees awarded). There were 11.4 times more white recipients than the next closest race/ethnicity group, black or african american (36 degrees).

4.64% of degree recipients (30 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Male
    271 degrees awarded
  2. White Female
    141 degrees awarded
  3. Black or African American Male
    22 degrees awarded

The most common race/ethnicity and sex grouping at Lawrence Technological University is white male (271 degrees awarded). There were 1.92 times more white male recipients than the next closest race/ethnicity group, white female (141 degrees).

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Operations

Lawrence Technological University has an endowment valued at nearly $47.7M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−21%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Lawrence Technological University had a total salary expenditure of 80.1M. Lawrence Technological University employs 50 Assistant professors, 32 Lecturers and 25 Associate professors. Most academics at Lawrence Technological University are Male Assistant professor (35), Male Lecturer (22), and Male Associate professor (21).

The most common positions for non-instructional staff at Lawrence Technological University are: Management, with 82 employees, Office and Administrative Support, with 52 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 38 employees.

Endowment

$47.7M
2022 Endowment
17.7%
decline from 2021

Lawrence Technological University has an endowment valued at about $47.7M, as of the end of the 2022 fiscal year. The endowment of Lawrence Technological University declined 17.7% from the previous year. The value of their endowment was $1.11M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Lawrence Technological University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

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Salary Expenditure

$33.4M
2022 Salaries
13.9%
growth from 2021

In 2022, Lawrence Technological University paid a median of $33.4M in salaries, which represents 41.8% of their overall expenditure ($80.1M) and a 13.9% growth from the previous year.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

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Instructional Salaries

$9.19M
Instructional Salaries
116
Number of Employees

In 2022, Lawrence Technological University paid a total of $9.19M to 116 employees working as instructors, which represents 27.5% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

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Occupations by Share

Assistant professor
Most Common Instructor
50 Employees
Management
Most Common Non-Instructional Employee
82 Employees

In 2022, the most common positions for instructional staff at Lawrence Technological University were Assistant professor with 50 employees, Lecturer with 32 employees, and Associate professor with 25 employees.

In 2022, the most common positions for non-instructional staff at Lawrence Technological University were Management with 82 employees, Office and Administrative Support with 52 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 38 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Assistant professor
  2. Male Lecturer
  3. Male Associate professor

In 2022, the most common demographic for instructional staff at Lawrence Technological University was Male Assistant professor with 35 employees, Male Lecturer with 22 employees, and Male Associate professor with 21 employees.

This chart shows the sex split between each academic rank present at Lawrence Technological University.

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