In 2022, tuition for full-time students at Lawrence Technological University was $38,370 a year.
Tuition increased 5.18% in 2022–from $36,480 the prior year. On average, college tuition rises about 3% year.
Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe far less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make thecost of college feel more doable until after graduation.
Lawrence Technological University is a private, nonprofit institution, so it has the same tuition for students from Michigan as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Be sure to verify your state's criteria for as an in-state resident. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements as well, depending on where you live.
Explore other Michigan colleges
Tuition at Lawrence Technological University is the same for every student.
Students from outside of the U.S. usually do not qualify for for federal financial aid, but may qualify for private or Lawrence Technological University-specific grants, scholarships, and other funding opportunities.. International students who demonstrate financial need may be eligible for the following types of financial support at Lawrence Technological University:
•Loans from outsideLawrence Technological University
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Lawrence Technological University.
Room and board at Lawrence Technological University is $11,320 a year. This number covers the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat in the Lawrence Technological University's on-campus cafeterias and dining facilities. Students who do not live on-campus but would like to be able to eat in the campus dining can pay for a meal plan. The cost of board-only is $7,340.
Meal-plan costs may vary depending on the numnber of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have ways so that those with demonstrated need to get help covering these costs.
The cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your estimated cost of transportation. At Lawrence Technological University, freshman are allowed to park on campus.
Where are a college is located can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city could be expensive, but there may be more trains, busses or low-cost flight options to actually get to school. The Lawrence Technological University campus is located in a suburban setting in Michigan, not far from Detroit.
When creating a budget for college, be sure to leave some room in your budget for the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Lawrence Technological University.
What will the cost of attending Lawrence Technological University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$11,320|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
Lawrence Technological University’s tuition and fees change based on: •Campus location for full-time and part-time students •Academic program for both full and part-time students •Course level for both full and part-time students
In 2022, 1,098 of the 2,356 undergrads enrolled received financial aid. Lawrence Technological University meets 68.3% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $27,833 a year. Around 65% of Lawrence Technological University undergrads take out student loans to cover any remaining costs. Lawrence Technological University graduates who have student loans graduate with an average of $42,645 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Lawrence Technological University Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Lawrence Technological University financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Lawrence Technological University awarded 1,056 need-based scholarships to students, giving away total of $18.6 million to help students with financial need cover the cost of school. An additional $4.62 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Lawrence Technological University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Lawrence Technological University was $27,833 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lawrence Technological University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Lawrence Technological University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Lawrence Technological University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Lawrence Technological University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Lawrence Technological University has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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