Cost of college went up for all students at Lake Area Technical Institute

Tuition and fees rose 3.7 percent for 2017-18 at Lake Area Technical Institute, according to the latest disclosure from the U.S. Department of Education.


Tuition and fees rose 3.7 percent for 2017-18 at Lake Area Technical Institute, according to the latest disclosure from the U.S. Department of Education.

South Dakota students paid $5,264 to attend the two-year public institution this year $188 more than the $5,076 charged for 2016-17.

Data shows 91 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 412 students received grants or scholarships totaling $1.62 million and 597 students took out student loans totaling more than $3.91 million.

Including all undergraduates, 1,134 students used grants or scholarships totaling $5.08 million. Another 1,391 took out $8.36 million in federal student loans.

The cost of attending
Enrollment
2014-15
2015-16
2016-17
2017-18
Change in tuition and fees 2014-15 to 2017-18
~1,669
$4,930
$5,056
$5,076
$5,264
6.8%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Lake Area Technical Institute in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
301
43%
$1,235,123
$4,103
State / local grant or scholarship
69
10%
$213,162
$3,089
Institutional grants or scholarships
155
22%
$173,697
$1,121
Grant or scholarship aid total
412
58%
$1,621,982
$3,937
Federal student loans
594
84%
$3,257,309
$5,484
Other student loans
75
11%
$653,424
$8,712
Student loan aid
597
84%
$3,910,733
$6,551
Total student aid
644
91%

Editor's note: A previous version of this story incorrectly described the cost of attendance, which includes both tuition and fees.

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Lake Area Technical Institute

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