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How Affordable Is Lamar Institute of Technology?

Here’s the full picture on paying for Lamar Institute of Technology, including attendance costs, projected four- and two-year degree costs, average net price, debt outcomes, and how aid is distributed across income levels.

$14,139.00 Cost of Attendance
$13,866.00 Avg Net Price
$8,287.00 Median Grad Debt

Want a specific number? Skip ahead to any section using the links below:

What You Will Pay to Attend Lamar Institute of Technology?

Cost of attendance at Lamar Institute of Technology fell between $14,139.00 and $24,219.00 depending on whether you qualify for in-state rates.

In-state residents qualified for the lower cost, with out-of-state students paying more: close to $14,139.00 in-state compared with $24,219.00 for out-of-state students.

Here the cost is broken out three ways: no aid, average aid, and the aid a low-income student typically receives.

The Full Cost for Residents (no aid)

Tuition and fees $2,844.00
+ Room, board & other expenses $11,295.00
Total cost $14,139.00
That is 27% below the national average net price.

After-Aid Net Price for Residents (with average aid)

Total cost $14,139.00
− Grants and scholarships −$5,379.00
Net price $8,760.00
That is 54% below the national average net price.

Net Price for Low-Income Residents

Total cost $14,139.00
− Grants and scholarships −$6,368.00
Net price $7,771.00
That is 60% below the national average net price.

The Full Cost for Non-Residents (no aid)

Tuition and fees $12,924.00
+ Room, board & other expenses $11,295.00
Total cost $24,219.00
That is 26% above the national average net price.

What Non-Residents Actually Pay — Non-Residents (with average aid)

Total cost $24,219.00
− Grants and scholarships −$5,379.00
Net price $18,840.00
That is 2% below the national average net price.

Low-Income Net Price for Non-Residents

Total cost $24,219.00
− Grants and scholarships −$6,368.00
Net price $17,851.00
That is 7% below the national average net price.
For the full breakdown, see the tuition & fees page plus room and board.

The Long-Run Cost of a Degree at Lamar Institute of Technology

Below, a full degree is projected forward at today’s cost. The projections below run a full degree for a low-income aided student, an average-aid student, and the full sticker price. Loan math assumes ten-year repayment at 6.8% interest.

For In-State Residents

Projected 4-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 0% 0% 0%
Freshman year $7,771.00 $8,760.00 $14,139.00
Senior year $7,771.00 $8,760.00 $14,139.00
Total 4-year net price $31,084.00 $35,040.00 $56,556.00
10-year loan interest @ 6.8% $11,842.00 $13,349.00 $21,546.00
Total monthly payment $358.00 $403.00 $651.00
Total amount paid $42,926.00 $48,389.00 $78,102.00
Projected 2-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 0% 0% 0%
Freshman year $7,771.00 $8,760.00 $14,139.00
Senior year $7,771.00 $8,760.00 $14,139.00
Total 2-year net price $15,542.00 $17,520.00 $28,278.00
10-year loan interest @ 6.8% $5,921.00 $6,674.00 $10,773.00
Total monthly payment $179.00 $202.00 $325.00
Total amount paid $21,463.00 $24,194.00 $39,051.00

For Out-of-State Students

Projected 4-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 0% 0% 0%
Freshman year $17,851.00 $18,840.00 $24,219.00
Senior year $17,851.00 $18,840.00 $24,219.00
Total 4-year net price $71,404.00 $75,360.00 $96,876.00
10-year loan interest @ 6.8% $27,202.00 $28,709.00 $36,906.00
Total monthly payment $822.00 $867.00 $1,115.00
Total amount paid $98,606.00 $104,069.00 $133,782.00
Projected 2-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 0% 0% 0%
Freshman year $17,851.00 $18,840.00 $24,219.00
Senior year $17,851.00 $18,840.00 $24,219.00
Total 2-year net price $35,702.00 $37,680.00 $48,438.00
10-year loan interest @ 6.8% $13,601.00 $14,355.00 $18,453.00
Total monthly payment $411.00 $434.00 $557.00
Total amount paid $49,303.00 $52,035.00 $66,891.00
Read more in the net price section below.

Net Price at Lamar Institute of Technology

Net price reflects the true cost to attend after grant and scholarship aid is deducted. It is usually a better planning number than the sticker cost above.

Average net price (on-campus) $13,866.00
Average net price (off-campus) $8,167.00

The real cost varies by income because need-based aid scales with financial need. Below, average net price is broken out by family income:

Family income Average net price
Under $30,000 $7,271.00
$30,000 to $48,000 $7,874.00
$48,001 to $75,000 $9,893.00
$75,001 to $110,000 $10,960.00
Over $110,000 $13,389.00

Run your own numbers with the Lamar Institute of Technology Net Price Calculator, or reach out to the financial aid office.

Curious how grants and scholarships are distributed? Explore the grants & scholarships detail.

How Much Do Students Borrow at Lamar Institute of Technology

The median amount borrowed by graduates of Lamar Institute of Technology stands at $8,287.00, categorized as a Very Low (<$10k) debt-burden bucket.

The percentile spread of debt at graduation is shown below:

Percentile Debt at graduation
10th $2,000.00
25th $3,435.00
Median (50th) $8,287.00
75th $11,996.00
90th $19,996.00

How far apart the 10th and 90th percentiles sit tells you how uneven debt outcomes are.

Read the complete debt breakdown on the student loan debt detail.

Income and Debt Outcomes at Lamar Institute of Technology

Debt outcomes vary substantially with family income. The table below divides borrowers into three income tiers:

Family income Median debt at graduation
Low income $8,808.00
Middle income $8,250.00
High income $6,500.00

On average, low-income graduates leave with $2,308.00 in extra median debt compared with high-income peers.

Debt by First-Generation Status at Lamar Institute of Technology

Debt at graduation often differs for first-generation students.

Student group Median debt at graduation
First-generation students $8,540.00
Continuing-generation students $7,003.00

First-generation graduates from Lamar Institute of Technology leave with $1,537.00 in extra median debt compared with continuing-generation peers.

Pell-Eligible Debt Outcomes at Lamar Institute of Technology

The Pell Grant is the main federal need-based award for undergraduates. Looking at Pell recipients versus non-recipients tells us how debt is distributed across need.

The median debt difference between Pell-eligible and non-Pell graduates of Lamar Institute of Technology stands at $316.00. This school carries a federal Pell-debt-inequity flag.

Default Rates and Repayment at Lamar Institute of Technology

The default-rate classification at Lamar Institute of Technology is Low (<5%).

Window Cohort default rate
2-year 27.3%

For context on the loan portfolio, Stafford disbursements at Lamar Institute of Technology total $65,035,142.00 covering 6,506 loan recipients.

Military and Veteran Aid at Lamar Institute of Technology

Veterans and active-duty students can access dedicated federal education aid including the Post-9/11 GI Bill and Department of Defense Tuition Assistance.

GI Bill recipients 86
Avg GI Bill amount $1,928.00

Explore GI Bill and military aid in detail on the college veterans page.

Questions to Ask Before You Commit

Beyond the data above, it helps to ask a few questions when weighing Lamar Institute of Technology, a few questions are worth asking:

Continue Your Research into Lamar Institute of Technology

Each page below covers one part of paying for college in more detail:

Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.

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