Lawrence Technological University

In 2022, tuition for full-time students at Lawrence Technological University was $40,672 a year.

Tuition increased 6% in 2023–from $38,370 the previous year. On average, college tuition rises about 3% year.

If these numbers sound impossible, remember, the total cost of tuition isn't the final cost for attending college. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make thecost of college more manageable until you've finishing school and found a job.

Lawrence Technological University meets 86% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Lawrence Technological University is around $34,359 a year.

Students in the class of 2023 who had taken out student loans graduated with an average of $50,911 of debt.

In-state vs. Out-of-state Tuition at Lawrence Technological University

Lawrence Technological University is a private, nonprofit institution, which means it has the same tuition for residents of Michigan as it does for students who live in other states.

Public colleges and universities receive funding from the state government. These institutions offer reduced tuition for those who qualify as Michigan residents.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Don't forget to verify your state's requirements for in-state residency. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on the state you and your parents currently reside in.

Explore other Michigan colleges

Tuition for International Students at Lawrence Technological University

Tuition at Lawrence Technological University is the same for every student.

International students are not eligible for loans or grants from the U.S. government, but may qualify for private or school-specific aid and scholarships. International students with need may qualify 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.

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Lawrence Technological University Living Expenses, Fees, and More

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Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Lawrence Technological University.

Room and Board Costs at Lawrence Technological University

Housing and campus dining at Lawrence Technological University is $11,320 a year. This covers the cost of living in dorms or other on-campus housing, and a meal 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 choose to be on a meal plan. The cost of board-only is $7,340.

Meal-plan costs vary based on on the number of meals you intend to eat on-campus

Cost of Books at Lawrence Technological University

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

There may be additional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have resources so that those with demonstrated need to get help covering these costs.

Transportation costs

The total cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? 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 transportation budget. At Lawrence Technological University, freshman are allowed to park on campus.

A school's location can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area is usually expensive, but cities may offer more buses, trains and affordable flights to actually get to school. The Lawrence Technological University campus is located in a suburb in Michigan, not far from Detroit.

Other Costs

When creating a budget for college, don’t forget to consider personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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The Full Cost of Attending Lawrence Technological University

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Now, let’s look at the breakdown of all expenses, to get a better idea of how much students can expect to shell out for Lawrence Technological University.

How Much Does Lawrence Technological University Cost?

What will the cost of attending Lawrence Technological University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$40,672
Room and Board	$11,320
Board Only	$4,330
Other expenses	$2,772

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$55,964
Off-Campus	$48,974

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

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Lawrence Technological University Financial Aid

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In 2023, 1,060 of the 2,418 undergrads enrolled received financial aid. Lawrence Technological University meets 86% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $34,359 a year. Around 70% 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 $50,911 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$27,007
Private Loans	$10,648

Most Common Loans for Lawrence Technological University Students
Federal Loans	69%
Private loans	26%

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.

Scholarships at Lawrence Technological University

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 2023, Lawrence Technological University awarded 1,039 need-based scholarships to students, giving away total of $21.2 million to help students with financial need cover the cost of school. An additional $6.78 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Lawrence Technological University

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 $34,359 in 2023. 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
On-Campus	$21,605
Off-Campus	$14,615

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 get a better idea of 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.

Lawrence Technological University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Lawrence Technological University does not have guaranteed tuition.

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.

Lawrence Technological University Tuition Waivers

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. 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.

Lawrence Technological University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Lawrence Technological University's endowment was $47.7 million. The average college endowment was $905 million in 2021. The school spends $11,648 for each full-time student enrolled.

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Learn More About Lawrence Technological University

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