LATI's tuition & fees has increased from $4,930 (2014) to $6,718 (2024), and the rate of tuition increase is 36.27% over the past 10 years.
LATI's tuition increase rate is higher than the South Dakota's average increase rate of 2.55%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 35.26% from 2014 ($15,280).
For the current academic year 2023-2024, LATI's COA is $20,668, which is increased by 7.88% from last year.
The following table and chart show changes to LATI's COA over the past 10 years.
On-campus living costs are not available.
Tuition & Fees Changes
The tuition & fees have increased 36.27% for the last 10 years , and the 2024 tuition & fees are $6,718. The following table and chart show the tuition & fees changes at Lake Area Technical College over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $1,200, and it has decreased -4.00% from the year 2014 to 2024.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,250 | - |
|---|
| 2015-16 | $1,300 | 4.00% |
|---|
| 2016-17 | $1,400 | 7.69% |
|---|
| 2017-18 | $1,400 | |
|---|
| 2018-19 | $1,400 | |
|---|
| 2019-20 | $1,430 | 2.14% |
|---|
| 2020-21 | $1,460 | 2.10% |
|---|
| 2021-22 | $1,490 | 2.05% |
|---|
| 2022-23 | $1,560 | 4.70% |
|---|
| 2023-24 | $1,200 | -23.08% |
|---|
Living Costs Changes
The living costs including room, board, and other living expenses have increased 24.39% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Lake Area Technical College.
| Year | Living Off Campus | Change by Year |
|---|
| 2014-15 | $9,100 | - |
|---|
| 2015-16 | $9,400 | 3.30% |
|---|
| 2016-17 | $9,400 | |
|---|
| 2017-18 | $9,600 | 2.13% |
|---|
| 2018-19 | $9,775 | 1.82% |
|---|
| 2019-20 | $9,970 | 1.99% |
|---|
| 2020-21 | $10,170 | 2.01% |
|---|
| 2021-22 | $10,380 | 2.06% |
|---|
| 2022-23 | $10,880 | 4.82% |
|---|
| 2023-24 | $12,750 | 17.19% |
|---|
Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Lake Area Technical College and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Lake Area Technical College | $6,718
($6,718) | $6,718
($6,718) | - |
|---|
|
| Southeast Technical College | $7,650
($7,650) | $7,650
($7,650) | - |
|---|
|
| Western Dakota Technical College | $8,008
($8,008) | $8,333
($8,333) | -3.90% |
|---|
|
| Mitchell Technical College | $7,524
($7,524) | $7,524
($7,524) | - |
|---|
|