Laurel Business Institute

laurel.edu

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2024 Undergraduate Tuition
$12,668
18.6% growth from 2023
2024 Average Net Price
$6,925
After Financial Aid
2024 Acceptance Rate
76.9%
337 Applicants
2024 Enrolled Students
518
99.4% Full-Time
2024 Graduation Rate
69.4%
77 Graduates

About

Laurel Business Institute is a higher education institution located in Fayette County, PA. In 2024, the most popular Associates Degree concentrations at Laurel Business Institute were Registered Nursing (38 degrees awarded), Electrician (26 degrees), and Respiratory Care Therapist (17 degrees).

In 2024, 217 degrees were awarded across all undergraduate and graduate programs at Laurel Business Institute. 77.4% of these degrees were awarded to women, and 22.6% awarded men. The most common race/ethnicity group of degree recipients was white (196 degrees), 14 times more than then the next closest race/ethnicity group, black or african american (14 degrees).

The median undergraduate tuition at Laurel Business Institute is $12,668, which is $4,484 more than the national average for Associates Colleges ($8,184).

Associates Colleges: High Career & Technical-Mixed Traditional/NontraditionalAssociates Colleges

Costs

In 2024, the median undergraduate tuition at Laurel Business Institute is $12,668, which is $4,484 more than the national average for Associates Colleges ($8,184).

After taking grants and loans into account, the average net price for students is $6,925.

In 2024, 60% of undergraduate students attending Laurel Business Institute received financial aid through grants. Comparatively, 72% of undergraduate students received financial aid through loans.

Tuition Costs

$12,668
2024 Undergraduate Tuition

In 2024, the cost of tuition at Laurel Business Institute was $12,668. The cost of tuition at Laurel Business Institute is $4,484 more than than the overall (public and private) national average for Associates Colleges ($8,184).

This chart compares the tuition costs of Laurel Business Institute (in red) with those of other similar universities.

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Average Net Price

$6,925
2024 Value
24.6%
1 Year Growth

In 2024 Laurel Business Institute had an average net price — the price paid after factoring in grants and loans — of $6,925. Between 2023 and 2024, the average net price of Laurel Business Institute grew by 24.6%.

This chart compares the average net price of Laurel Business 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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Financial Aid by Income Level

60%
Undergraduates Receiving Financial Aid through Grants
72%
Undergraduates Receiving Financial Aid through Loans

60% of undergraduate students at Laurel Business Institute received financial aid through grants or loans in 2024. This represents a decline of 25% with respect to 2023, when 80% of undergraduate students received financial aid.

This chart compares the average award discount at Laurel Business 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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Admissions

Laurel Business Institute received 337 undergraduate applications in 2024, which represents a 18.2% annual growth. Out of those 337 applicants, 259 students were accepted for enrollment, representing a 76.9% acceptance rate.

There were 518 students enrolled at Laurel Business Institute in 2024.

Laurel Business Institute has an overall enrollment yield of 61%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

76.9%
Acceptance Rate in 2024
259
Accepted Out of 337

In 2024, the undergraduate acceptance rate of Laurel Business Institute was 76.9% (259 admissions from 337 applications). This is lower than the acceptance rate of 2023, which was 85.6%. Between 2023 and 2024, the number of applicants grew by 18.2%, while admissions grew by 6.15%.

This chart compares the acceptance rate of Laurel Business Institute (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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Enrollment

Laurel Business Institute had a total enrollment of 518 students in 2024. The full-time enrollment at Laurel Business Institute is 515 students and the part-time enrollment is 3. This means that 99.4% of students enrolled at Laurel Business Institute are enrolled full-time.

The enrolled student population at Laurel Business Institute, both undergraduate and graduate, is 79.5% White, 12.2% Black or African American, 5.21% Two or More Races, 0.772% Hispanic or Latino, 0.386% Asian, 0.193% American Indian or Alaska Native, and 0.193% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Laurel Business Institute in full-time Undergraduate programs are most commonly White Female (62.3%), followed by White Male (20.3%) and Black or African American Female (8.4%).

Full-Time vs Part-Time Enrollment

99.4%
Full-Time Enrollment

The total enrollment at Laurel Business Institute in 2024, both undergraduate and graduate, is 518 students. The full-time enrollment at Laurel Business Institute is 515 and the part-time enrollment is 3. This means that 99.4% of students enrolled at Laurel Business Institute are enrolled full-time compared with 32.1% at similar Associates Colleges.

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

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Retention Rate over Time

76%
2024 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 Laurel Business Institute was 76%. Compared with the full-time retention rate at similar Associates Colleges (64%), Laurel Business Institute had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)
  1. White
    412 enrolled students
  2. Black or African American
    63 enrolled students
  3. Two or More Races
    27 enrolled students

The enrolled student population at Laurel Business Institute is 79.5% White, 12.2% Black or African American, 5.21% Two or More Races, 0.772% Hispanic or Latino, 0.386% Asian, 0.193% American Indian or Alaska Native, and 0.193% 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 Associates Colleges is 40.5% White, 29.2% Hispanic or Latino, and 12.8% Black or African American.

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Graduates

In 2024, 119 more women than men received degrees from Laurel Business Institute. The most common race/ethnicity group of degree recipients at Laurel Business Institute is white (196 degrees awarded). There were 14 times more white recipients than the next closest race/ethnicity group, black or african american (14 degrees).

The most common Associates Degree concentration at Laurel Business Institute is Registered Nursing (38 degrees awarded), followed by Electrician (26 degrees) and Respiratory Care Therapist (17 degrees).

In 2024,  the most specialized majors across all degree types at Laurel Business Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Construction (26 degrees awarded), Personal & Culinary Services (69 degrees), and Precision Production (15 degrees).

Common Jobs by Major

Registered nurses
Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Laurel Business Institute are Registered nurses (1,508,297 people), Software developers (632,772 people), Other managers (200,441 people), Medical & health services managers (171,843 people), and Nurse practitioners & nurse midwives (167,658 people).

The most specialized majors at Laurel Business Institute in 2024 are Construction (26 degrees awarded), Personal & Culinary Services (69 degrees), Precision Production (15 degrees), Health (95 degrees), and Human Sciences (3 degrees) (as of 2024).

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Highest Paying Jobs by Major

Surgeons
Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Laurel Business Institute are Surgeons, Cardiovascular technologists and technicians, Chief executives & legislators, Magnetic resonance imaging technologists, and Dentists

The most specialized majors at Laurel Business Institute are Construction (26 degrees awarded), Personal & Culinary Services (69 degrees), Precision Production (15 degrees), Health (95 degrees), and Human Sciences (3 degrees) (as of 2024).

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Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals
Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Laurel Business Institute are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,675,632 people), Computer Systems Design (650,125 people), Elementary & secondary schools (390,397 people), Outpatient care centers (302,741 people), and Colleges, universities & professional schools, including junior colleges (246,930 people).

The most specialized majors at Laurel Business Institute are Construction (26 degrees awarded), Personal & Culinary Services (69 degrees), Precision Production (15 degrees), Health (95 degrees), and Human Sciences (3 degrees) (as of 2024).

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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 Laurel Business Institute.
Most Common (2024)
  1. Welding Technology
    15 degrees awarded
  2. Licensed Practical & Vocational Nurse Training
    13 degrees awarded
  3. General Cosmetology
    13 degrees awarded

In 2024, the most common 1 to 2 year postsecondary certificate concentration at Laurel Business Institute was Welding Technology with 15 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Laurel Business Institute according to their major.

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Sex Breakdown for Common Majors

49
Degrees Awarded to Men
in 2024
168
Degrees Awarded to Women
in 2024

In 2024, 49 degrees were awarded to men at Laurel Business Institute, which is 0.292 times less than the number of degrees awarded to females (168).

This chart displays the sex disparity between the top 5 majors at Laurel Business Institute by degrees awarded.

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Most Common Male Majors

In 2024, 25 degrees were awarded to men at Laurel Business Institute in Electrician, which is 25 times more than the 1 female recipients with that same degree.

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Most Common Female Majors

In 2024, 36 degrees were awarded to men at Laurel Business Institute in Registered Nursing, which is 18 times more than the 2 male recipients with that same degree.

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Time to Complete

79%
100% Completion Time
79%
150% Completion Time

In 2024, 79% of students graduating from Laurel Business Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 79% completed their degrees within 150% of the normal time, and 79% 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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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)
  1. White
    196 degrees awarded
  2. Black or African American
    14 degrees awarded
  3. Two or More Races
    4 degrees awarded

The most common race/ethnicity at Laurel Business Institute is white (196 degrees awarded). There were 14 times more white recipients than the next closest race/ethnicity group, black or african american (14 degrees).

0.461% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2024)
  1. White Female
    154 degrees awarded
  2. White Male
    42 degrees awarded
  3. Black or African American Female
    9 degrees awarded

The most common race/ethnicity and sex grouping at Laurel Business Institute is white female (154 degrees awarded). There were 3.67 times more white female recipients than the next closest race/ethnicity group, white male (42 degrees).

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Operations

In 2024, Laurel Business Institute had a total salary expenditure of 7.88M. Laurel Business Institute employs 44 Instructors. Most academics at Laurel Business Institute are Female Instructor (30), and Male Instructor (14).

The most common positions for non-instructional staff at Laurel Business Institute are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 13 employees, Business and Financial Operations, with 9 employees, and Management with 8 employees.

Salary Expenditure

$4.04M
2024 Salaries
0%
growth from 2023

In 2024, Laurel Business Institute paid a median of $4.04M in salaries, which represents 51.3% of their overall expenditure ($7.88M) and a 0% growth from the previous year.

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Instructional Salaries

$3.17M
Instructional Salaries
44
Number of Employees

In 2024, Laurel Business Institute paid a total of $3.17M to 44 employees working as instructors, which represents 78.3% of all salaries paid.

This is compared to a median of $763k (4.03%) for similar Associates Colleges.

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Occupations by Share

In 2024, the most common positions for non-instructional staff at Laurel Business Institute were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 13 employees, Business and Financial Operations with 9 employees, and Management with 8 employees.

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