At $33,995/yr net price, Lawrence Technological University graduates earn $69,151/yr within 10 years of enrollment, which is $35,151/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $33,995 |
| Estimated 4-Year Cost | $135,980 |
| Median Earnings (10yr post-entry) | $69,151/yr |
| Earnings Premium vs. HS Diploma | +$35,151/yr |
| Estimated Break-Even | 3.9 years |
| Graduation Rate (6-year) | 62.6% |
| Median Debt at Graduation | $27,000 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $31,328/yr |
| $30,001 - $48,000 | $29,980/yr |
| $48,001 - $75,000 | $31,375/yr |
| $75,001 - $110,000 | $35,409/yr |
| $110,001+ | $35,303/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Business Administration, Management and Operations. | Master | $89,968 | $82,000 |
| Electrical, Electronics and Communications Engineering. | Bachelor | $84,653 | |
| Mechanical Engineering. | Bachelor | $76,170 | $27,000 |
| Engineering Technology, General. | Bachelor | $73,949 | |
| Biomedical/Medical Engineering. | Bachelor | $73,635 | $26,500 |
| Architectural Engineering. | Master | $69,338 | |
| Computer Science. | Bachelor | $63,997 | $27,000 |
| Computer and Information Sciences, General. | Bachelor | $57,318 | |
| Architecture. | Bachelor | $53,608 | |
| Civil Engineering. | Bachelor | $53,358 |
The Risk Factor
62.6% of students at Lawrence Technological University graduate within 6 years. A significant share of students finish, but roughly 37% do not complete their degree.
Analysis
Lawrence Technological University delivers solid returns for engineering students but questionable value for most other majors. The $69,151 median earnings after 10 years provide decent compensation for the $33,995 annual net price, though you'll need to pick your program carefully.
Engineering programs justify their cost at LTU. Electrical engineering graduates earn $84,653 annually while mechanical engineering majors pull in $76,170 with just $27,000 in debt. Biomedical engineering also performs well at $73,635 with similar debt loads. These technical programs tap into Michigan's automotive and manufacturing job market effectively.
Business Administration presents a concerning outlier with $82,000 in median debt against $89,968 in earnings. That debt burden undermines what appears to be strong salary performance, creating a risky financial proposition despite the high earnings.
The 62.6% graduation rate creates completion risk, particularly given the technical rigor of LTU's programs. If you struggle with math and science coursework, you face real chances of leaving with debt but no degree.
Only 16.5% of students receive aid, suggesting limited need-based assistance. Merit scholarships exist but competition remains fierce at this engineering-focused institution.
LTU works financially if you can handle rigorous engineering coursework and want to stay in the Midwest automotive corridor. The location in Southfield provides access to Detroit-area engineering jobs without big-city living costs. Avoid LTU if you need significant financial aid, struggle with technical subjects, or want strong liberal arts programs. The school's value proposition centers entirely on engineering career preparation.
Frequently Asked Questions
Is Lawrence Technological University worth the high tuition cost?
Lawrence Tech's $34,000 annual net price produces mixed returns depending on your major. Engineering and business graduates earn $75,000-$90,000 annually, which justifies the cost, but other programs may not provide adequate ROI for the price.
What are the best paying majors at Lawrence Technological University?
Business administration leads at $89,968 annually, followed by electrical engineering at $84,653 and mechanical engineering at $76,170. These programs offer strong returns that can offset the school's high costs.
How much debt do Lawrence Technological University graduates typically have?
The median debt is $27,000, which is manageable for engineering and business majors who earn $75,000+ starting out. However, this debt load could be problematic for graduates in lower-paying fields.
Does Lawrence Technological University have good graduation rates?
The 63% graduation rate is below average for a school charging $34,000 annually. This means over one-third of students pay substantial costs without earning a degree.