LBI's tuition & fees has increased from $9,644 (2014) to $11,470 (2024), and the rate of tuition increase is 18.93% over the past 10 years.
LBI's tuition increase rate is similar to the Pennsylvania's average increase rate of 19.03%. Compare to all colleges in United States, it's increase rate is lower 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 14.82% from 2014 ($14,444).
For the current academic year 2023-2024, LBI's COA is $16,585, which is decreased by -1.88% from last year.
The following table and chart show changes to LBI's COA over the past 10 years.
On-campus living costs are not available.
Tuition & Fees Changes
The tuition & fees have increased 18.93% for the last 10 years , and the 2024 tuition & fees are $11,470. The following table and chart show the tuition & fees changes at Laurel Business Institute over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $975, and it has decreased -27.78% from the year 2014 to 2024.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,350 | - |
|---|
| 2015-16 | $1,410 | 4.44% |
|---|
| 2016-17 | $1,384 | -1.84% |
|---|
| 2017-18 | $1,365 | -1.37% |
|---|
| 2018-19 | $1,368 | 0.22% |
|---|
| 2019-20 | $1,226 | -10.38% |
|---|
| 2020-21 | $1,364 | 11.26% |
|---|
| 2021-22 | $1,314 | -3.67% |
|---|
| 2022-23 | $1,292 | -1.67% |
|---|
| 2023-24 | $975 | -24.54% |
|---|
Living Costs Changes
The living costs including room, board, and other living expenses have increased 15.00% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Laurel Business Institute.
| Year | Living Off Campus | Change by Year |
|---|
| 2014-15 | $3,450 | - |
|---|
| 2015-16 | $4,140 | 20.00% |
|---|
| 2016-17 | $4,140 | |
|---|
| 2017-18 | $4,140 | |
|---|
| 2018-19 | $4,140 | |
|---|
| 2019-20 | $4,140 | |
|---|
| 2020-21 | $4,140 | |
|---|
| 2021-22 | $4,140 | |
|---|
| 2022-23 | $4,140 | |
|---|
| 2023-24 | $4,140 | |
|---|
Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Laurel Business Institute and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Laurel Business Institute | $11,470 | $11,470 | - |
|---|
|
| Universal Technical Institute of Pennsylvania Inc | $40,500 | $48,350 | -16.24% |
|---|
|
| Institute of Medical Careers | $22,500 | $20,200 | 11.39% |
|---|
|
| All-State Career School | $12,092 | $11,997 | 0.79% |
|---|
|
| New Castle School of Trades | $23,310 | $22,176 | 5.11% |
|---|
|
| Brightwood Career Institute-Philadelphia Mills | $16,555 | $16,555 | - |
|---|
|