Laurus College

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2022 Average Net Price
$15,442
After Financial Aid
2019 Default Rate
10.6%
on Student Loans
2022 Enrolled Students
641
28.1% Full-Time
2022 Graduation Rate
47.6%
39 Graduates

About

Laurus College is a higher education institution located in San Luis Obispo County, CA. In 2022, the most popular Associates Degree concentrations at Laurus College were General Business Administration & Management (58 degrees awarded), Medical Insurance Specialist (35 degrees), and Computer Support Specialist (22 degrees).

In 2022, 171 degrees were awarded across all undergraduate and graduate programs at Laurus College. 41.5% of these degrees were awarded to women, and 58.5% awarded men. The most common race/ethnicity group of degree recipients was asian (49 degrees), 1.04 times more than then the next closest race/ethnicity group, hispanic or latino (47 degrees).

Costs

After taking grants and loans into account, the average net price for students is $15,442.

In 2022, 80% of undergraduate students attending Laurus College received financial aid through grants. Comparatively, 75% of undergraduate students received financial aid through loans.

Average Net Price

$15,442
2022 Value
12.5%
1 Year Growth

In 2022 Laurus College had an average net price — the price paid after factoring in grants and loans — of $15,442. Between 2021 and 2022, the average net price of Laurus College grew by 12.5%.

This chart compares the average net price of Laurus College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Financial Aid by Income Level

80%
Undergraduates Receiving Financial Aid through Grants
75%
Undergraduates Receiving Financial Aid through Loans

80% of undergraduate students at Laurus College received financial aid through grants or loans in 2022. This represents a growth of 3.9% with respect to 2021, when 77% of undergraduate students received financial aid.

This chart compares the average award discount at Laurus College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
10.6%
2019 Default Rate
38
Number of Defaults

In 2019 the default rate for borrower's at Laurus College was 10.6%, which represents 38 out of the 358 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Enrollment

Laurus College had a total enrollment of 641 students in 2022. The full-time enrollment at Laurus College is 180 students and the part-time enrollment is 461. This means that 28.1% of students enrolled at Laurus College are enrolled full-time.

The enrolled student population at Laurus College, both undergraduate and graduate, is 31.2% Asian, 23.4% Hispanic or Latino, 20.4% White, 14% Black or African American, 3.28% Native Hawaiian or Other Pacific Islanders, 2.96% Two or More Races, and 1.72% American Indian or Alaska Native.

Students enrolled at Laurus College in full-time Undergraduate programs are most commonly Asian Male (31.7%), followed by Hispanic or Latino Male (12.2%) and Hispanic or Latino Female (11.1%).

Full-Time vs Part-Time Enrollment

28.1%
Full-Time Enrollment

The total enrollment at Laurus College in 2022, both undergraduate and graduate, is 641 students. The full-time enrollment at Laurus College is 180 and the part-time enrollment is 461.

This chart shows the full-time vs part-time enrollment status at Laurus College (in red) compares to similar universities.

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Retention Rate over Time

60%
2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Laurus College was 60%. Compared with the full-time retention rate at similar (79%), Laurus College had a retention rate lower than its peers.

This chart shows the retention rate over time at Laurus College (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. Asian
    200 enrolled students
  2. Hispanic or Latino
    150 enrolled students
  3. White
    131 enrolled students

The enrolled student population at Laurus College is 31.2% Asian, 23.4% Hispanic or Latino, 20.4% White, 14% Black or African American, 3.28% Native Hawaiian or Other Pacific Islanders, 2.96% Two or More Races, and 1.72% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all is 35.2% White, 26.5% Hispanic or Latino, and 17.4% Black or African American.

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Graduates

In 2022, 29 fewer women than men received degrees from Laurus College. The most common race/ethnicity group of degree recipients at Laurus College is asian (49 degrees awarded). There were 1.04 times more asian recipients than the next closest race/ethnicity group, hispanic or latino (47 degrees).

The most common Associates Degree concentration at Laurus College is General Business Administration & Management (58 degrees awarded), followed by Medical Insurance Specialist (35 degrees) and Computer Support Specialist (22 degrees).

In 2022,  the most specialized majors across all degree types at Laurus College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Communication Technologies (13 degrees awarded), Computer and Information Sciences and Support Services (43 degrees), and Business (80 degrees).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Laurus College are Registered nurses (1,481,623 people), Accountants & auditors (1,048,836 people), Other managers (812,767 people), Software developers (667,091 people), and Financial managers (504,976 people).

The most specialized majors at Laurus College in 2022 are Communication Technologies (13 degrees awarded), Computer and Information Sciences and Support Services (43 degrees), Business (80 degrees), and Health (35 degrees) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Laurus College are Surgeons, Physicians, Cardiovascular technologists and technicians, Architectural & engineering managers, and Magnetic resonance imaging technologists

The most specialized majors at Laurus College are Communication Technologies (13 degrees awarded), Computer and Information Sciences and Support Services (43 degrees), Business (80 degrees), and Health (35 degrees) (as of 2022).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Laurus College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,827,180 people), Computer Systems Design (1,048,739 people), Elementary & secondary schools (715,645 people), Banking & related activities (536,970 people), and Colleges, universities & professional schools, including junior colleges (521,407 people).

The most specialized majors at Laurus College are Communication Technologies (13 degrees awarded), Computer and Information Sciences and Support Services (43 degrees), Business (80 degrees), and Health (35 degrees) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Laurus College.
Most Common (2022)
  1. 58 degrees awarded
  2. 35 degrees awarded
  3. 22 degrees awarded

In 2022, the most common associates degree concentration at Laurus College was General Business Administration & Management with 58 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Laurus College according to their major.

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Sex Breakdown for Common Majors

100
Degrees Awarded to Men
in 2022
71
Degrees Awarded to Women
in 2022

In 2022, 100 degrees were awarded to men at Laurus College, which is 1.41 times more than the number of degrees awarded to females (71).

This chart displays the sex disparity between the top 5 majors at Laurus College by degrees awarded.

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Most Common Male Majors

In 2022, 52 degrees were awarded to men at Laurus College in General Business Administration & Management, which is 1.86 times more than the 28 female recipients with that same degree.

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Most Common Female Majors

In 2022, 31 degrees were awarded to men at Laurus College in Medical Insurance Specialist, which is 7.75 times more than the 4 male recipients with that same degree.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Laurus College is Female and Asian (100% graduation rate). Across all , Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. Asian
    49 degrees awarded
  2. Hispanic or Latino
    47 degrees awarded
  3. White
    41 degrees awarded

The most common race/ethnicity at Laurus College is asian (49 degrees awarded). There were 1.04 times more asian recipients than the next closest race/ethnicity group, hispanic or latino (47 degrees).

1.75% of degree recipients (3 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. Asian Male
    44 degrees awarded
  2. Hispanic or Latino Female
    32 degrees awarded
  3. White Female
    21 degrees awarded

The most common race/ethnicity and sex grouping at Laurus College is asian male (44 degrees awarded). There were 1.38 times more asian male recipients than the next closest race/ethnicity group, hispanic or latino female (32 degrees).

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Operations

Laurus College employs 31 Instructors. Most academics at Laurus College are Female Instructor (18), and Male Instructor (13).

The most common positions for non-instructional staff at Laurus College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 22 employees, Management, with 11 employees, and Office and Administrative Support with 4 employees.

Salary Expenditure

$8.52M
2022 Salaries
1.19%
growth from 2021

In 2022, Laurus College paid a median of $8.52M in salaries, a 1.19% growth from the previous year.

The median for similar is 668k (13.2% of overall expenditures).

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Instructional Salaries

$1.84M
Instructional Salaries
31
Number of Employees

In 2022, Laurus College paid a total of $1.84M to 31 employees working as instructors, which represents 21.6% of all salaries paid.

This is compared to a median of $446k (66.8%) for similar Unknown.

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Occupations by Share

Instructor
Most Common Instructor
31 Employees
Librarians, Curators, Archivists, and Academic Affairs and Other Education Services
Most Common Non-Instructional Employee
22 Employees

In 2022, the most common positions for instructional staff at Laurus College was Instructor with 31 employees.

In 2022, the most common positions for non-instructional staff at Laurus College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 22 employees, Management with 11 employees, and Office and Administrative Support with 4 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Instructor
  2. Male Instructor

In 2022, the most common demographic for instructional staff at Laurus College was Female Instructor with 18 employees, and Male Instructor with 13 employees.

This chart shows the sex split between each academic rank present at Laurus College.

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