2023 Comprehensive Report on Rankings, Costs, Graduation Rate and More

$32,628

Net Price

81%

Admitted

22%

Enrolled

56%

Graduation Rate

11/1

Student / Faculty

University Detail

Lawrence Technological University

is a private not-for-profit, four or more years institution with a total student enrollment of 2,955. In 2021, there were 2 psychology and social work graduates.

Psychology Degrees Offered

Bachelor

Psychology Graduates

2

Total Enrollment

2,955

Type

Private Not-for-profit, Four or more years

Institution Accreditation

Higher Learning Commission

Psychology Programs Offered

For psychology degrees, Lawrence Technological University offers General Psychology at the bachelor level.

In the table below, see the programs offered and the number of graduates in each program.

Psychology Graduates in 2021BS
General Psychology2
Total Graduates2
US Department of Education

Admission, Enrollment, Graduation

In the fall of 2021, 2,641 students applied to the Lawrence Technological University. The university admitted 81% and 22% of those who were admitted also enrolled.

By comparison, the average number of applicants for Michigan universities is 8,599. On average, all Michigan institutions admit 75% and 24% of those who were admitted end up enrolling into the institution.

The percentage of Lawrence Technological University students who return after their first year to begin their second year is 73%. Compared to all Michigan four or more years colleges, the percentage is 72%.

The overall graduation rate for Lawrence Technological University is 56%, compared to 57% for all Michigan universities, while the number of students who transferred out of the program is 50%.

  • Credits Accepted: Dual enrollment, Advanced placement (AP) credits

Compare LTU to Michigan Four or more years Colleges
Offering Psychology Degrees

Compare admission, acceptance, retention and graduation rates of Lawrence Technological University to the average of all Michigan four or more years schools that offer psychology degrees.

Why it Matters

Compare Admission and Enrollment

Low admission rates and high enrollment rates denote not only how selective a school is, but also how in-demand the school is. High graduation rates show the overall success of an institution.

LTU

2,641

Applicants

81%

Percent Admitted

22%

Percent Enrolled

73%

1st Time Student Retention Rate

56%

Graduation Rate

MI Colleges

8,599

Applicants

75%

Percent Admitted

24%

Percent Enrolled

72%

1st Time Student Retention Rate

57%

Graduation Rate

Student & Faculty Information

In the fall of 2021, there were 115 or 38% full-time instructional or research faculty members of all faculty and there were 188 or 62% part-time faculty members employed at Lawrence Technological University. The number of full-time instructional faculty was 115 or 38%.

Part-time teachers are paid less and cost less, so any organization with a disproportionate number of part-time teachers can invest money in more important areas. However, as part-time teachers, participants can work full-time in their profession and bring experience to the classroom.

Why it Matters

Compare Faculty Numbers

Low student faculty ratios and high full-time instructional percentages indicate that institutions focus their investments in areas that matter most to students.

LTU

11 / 1

Student Faculty Ratio

38%

Percent Full-Time

62%

Percent Part-Time

38%

Percent Full-Time Instructional

MI Colleges

14 / 1

Student Faculty Ratio

51%

Percent Full-Time

49%

Percent Part-Time

49%

Percent Full-Time Instructional

Tuition and Student Expenses

For the 2021-2022 academic year at Lawrence Technological University the average cost of undergraduate tuition is $36,480, and the average cost for books and supplies is $1,598.

For graduate students, the average cost for tuition is $17,836 and the average cost for graduate fees is $600.

In the table below, find the average total expenses to attend Lawrence Technological University in 2021-2022 including tuition, room, board and living expenses for both undergraduate and graduate students.

Note that the average total expenses do not include financial aid, grants, loans or scholarships. You can find the average financial aid and net price data in the sections below.

Expenses for Lawrence Technological University2021-2022
On Campus Room & Board$11,055
On-Campus Living Expenses$4,670
Total Living Expenses$15,725
Tuition for In-State, Undergraduate$36,480
Books and Supplies, Undergraduate$1,598
Total Undergraduate Expenses$53,803
In-State, Graduate Tuition$17,836
In-State, Graduate Fees$600
Total Graduate Expenses$18,436
US Department of Education

Net Price

Average Net Price

The average net price to attend Lawrence Technological University is $32,628. Average net price is calculated by adding tuition, room, board, living costs, books, supplies together and then subtracting the average financial (grants, scholarships and loans) for federal financial aid recipients.

In other words, the average net price is the average amount students pay to attend this university for one year.

Average net price is calculated from the most recent data supplied by each institution to the US Department of Education and is found by subtracting the average amount of federal, state/local government, or institutional grant or scholarship aid from the total cost of attendance. The total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies, and the weighted average for room and board and other expenses.

Compare Lawrence Technological University to all Michigan universitas that offer psychology degrees for the cost to attend, average financial aid, percent of students receiving aid and the average net price to attend.

For program ranking, we see a lower overall cost of tuition and cost of living expenses minus the average financial aid a student may receive as the ranking factor student may want to consider.

Why it Matters

Compare Average Cost to Attend and Net Price

Low student faculty ratios and high full-time instructional professors indicates to us institutions that focus their investments in areas that matter most: the education of students by the best instructors possible.

LTU

$53,803

Cost to Attend

$16,264

Average Financial Aid

100%

Percent Receiving Aid

$32,628

Net Price

MI Colleges

$33,439

Cost to Attend

$12,508

Average Financial Aid

94%

Percent Receiving Aid

$16,125

Average Net Price

Financial Aid

The number of beginning students who enter postsecondary education for the first time and receive financial aid is 366 or 100%.

The number of undergraduate students who receive a grant or scholarship is 1,544 and the average amount of their grant or scholarship is $16,264.

All Undergraduate Students

Type of Aid# Receiving AidAverage Aid Received
Grant or Scholarship Aid1,544$16,264
Pell Grants441$4,961
Federal Student Loans982$7,034
US Department of Education

Below, compare the financial aid students receive at the Lawrence Technological University to all schools across the United States that offer psychology degrees.

We see higher percentages of those receiving aid and the percent that aid covers the net price of education as an indicator of the strength of the institution.

Why it Matters

Compare Financial Aid

Financial Aid can make the difference between being able to afford college or being priced out of college. Many students may find college far more affordable than they could imagine, when accounting for the various kinds of financial aid available.

LTU

1,544

Grant or Scholarship Aid

52%

Grants or Scholarships

441

Number of Pell Grants

15%

Pell Grants

982

Federal Student Loans

33%

Federal Student Loans

MI Colleges

4,643

Grant or Scholarship Aid

52%

Grants or Scholarships

1,877

Number of Pell Grants

21%

Pell Grants

2,430

Federal Student Loans

27%

Federal Student Loans

See Additional Psychology Schools for Michigan.

psychology Source Data from

See all data sources including 1,934 Psychology School Programs