LIBI's tuition & fees has increased from $14,279 (2014) to $12,000 (2024), and the rate of tuition increase is 15.96% over the past 10 years.
LIBI's tuition increase rate is lower than the New York's average increase rate of 16.79%. 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 -0.89% from 2014 ($20,179).
For the current academic year 2023-2024, LIBI's COA is $20,000, which is increased by 2.56% from last year.
The following table and chart show changes to LIBI's COA over the past 10 years.
On-campus living costs are not available.
Tuition & Fees Changes
The tuition & fees have decreased 15.96% for the last 10 years , and the 2024 tuition & fees are $12,000. The following table and chart show the tuition & fees changes at Long Island Business Institute over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $800, and it has decreased -33.33% from the year 2014 to 2024.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,200 | - |
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| 2015-16 | $1,200 | |
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| 2016-17 | $1,200 | |
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| 2017-18 | $1,200 | |
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| 2018-19 | $1,200 | |
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| 2019-20 | $800 | -33.33% |
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| 2020-21 | $800 | |
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| 2021-22 | $800 | |
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| 2022-23 | $800 | |
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| 2023-24 | $800 | |
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Living Costs Changes
The living costs including room, board, and other living expenses have increased 12.50% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Long Island Business Institute.
| Year | Living Off Campus | Change by Year |
|---|
| 2014-15 | $4,700 | - |
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| 2015-16 | $4,700 | |
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| 2016-17 | $4,700 | |
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| 2017-18 | $4,500 | -4.26% |
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| 2018-19 | $4,500 | |
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| 2019-20 | $7,200 | 60.00% |
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| 2020-21 | $7,200 | |
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| 2021-22 | $7,200 | |
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| 2022-23 | $7,200 | |
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| 2023-24 | $7,200 | |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Long Island Business Institute and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Long Island Business Institute | $12,000 | $11,500 | 4.35% |
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|
| Technical Career Institutes | $13,800 | $13,800 | - |
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|
| Swedish Institute a College of Health Sciences | $27,450 | $27,450 | - |
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|
| Hunter Business School | $14,825 | $14,490 | 2.31% |
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| Mildred Elley-New York Campus | $17,926 | $15,813 | 13.36% |
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| St Paul's School of Nursing-Queens | $17,556 | $21,069 | -16.67% |
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