College Factual  by our College Data Analytics Team
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Can You Afford Lake Area Technical Institute?

Concerned about paying for college? Take a look at Lake Area Technical Institute’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $11,853 and $18,492

Feeling a little stressed about paying $18,492 to attend Lake Area Technical Institute each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for South Dakota students, 59.0% of freshmen receive some form of financial aid, with the average amount totaling $4,479. Students from low-income families receive an average of $6,639 in aid during their first year.

Cost (no aid)

Tuition and fees$6,862
+ Room and board$7,130
+ Other expenses$4,500
Total cost$18,492
Affordability Score (90 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$18,492
- Grants and scholarships$4,479
Net price$14,013
Affordability Score (85 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$18,492
- Grants and scholarships$6,639
Net price$11,853
Affordability Score (86 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Lake Area Technical Institute.

Projected Costs Between $47,412 and $128,339 For a Four Year Degree. Between $23,706 and $60,038 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Lake Area Technical Institute in 2020 - 2021 was $18,492. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 6.7% each year. If this trend continues, we expect the full cost for incoming freshmen to be $21,037 during their first year. By their senior year, that cost will be approximately $25,527 for a bachelor degree candidate ($22,438 for an associate degree candidate) for a total of $92,935 over the course of four years ($43,475 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Lake Area Technical Institute

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*5.0%6.7%
Freshman year$11,853$15,449$21,037
Senior year$11,853$16,222$22,438
Total 2-year net price$23,706$31,671$43,475
10-year loan interest @ 6.8%$9,031$12,066$16,563
Total monthly payment$273$364$500
Total amount paid$32,737$43,737$60,038
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*5.0%6.7%
Freshman year$11,853$15,449$21,037
Senior year$11,853$17,885$25,527
Total 4-year net price$47,412$66,589$92,935
10-year loan interest @ 6.8%$18,062$25,368$35,405
Total monthly payment$546$766$1,069
Total amount paid$65,474$91,956$128,339

Visit net price and financial aid to learn more about the total cost of attending Lake Area Technical Institute.

Further Questions to Consider

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