Tuition at the Laurel Business Institute rose by 4.6% for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit institution paid $11,470 this year, which is $500 higher than the $10,970 charged during the 2021-22 academic year.
Approximately 73% of the undergraduate student body at the school are residents of Pennsylvania, while the remaining 27% come from other states.
Data indicates that 85% of full-time undergraduates who began studies at the Laurel Business Institute in 2022-23 received some form of student financial aid. In total, 79 students were awarded grants or scholarships amounting to $489,045, and 80 students secured student loans exceeding $774,130.
Across the entire undergraduate population, 243 students utilized grants or scholarships totaling $1.6 million. Additionally, 202 students borrowed $1.6 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the Laurel Business Institute in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 79 | 71% | $347,889 | $4,404 |
| State / local grant or scholarship | 26 | 23% | $141,156 | $5,429 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 79 | 71% | $489,045 | $6,190 |
| Federal student loans | 79 | 71% | $664,083 | $8,406 |
| Other student loans | 14 | 13% | $110,047 | $7,861 |
| Student loan aid | 80 | 71% | $774,130 | $9,677 |
| Total student aid | 95 | 85% | $1.3 million | $13,296 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
