Long Island Business Institute

www.libi.edu

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2022 Undergraduate Tuition

$9,300

4.9% growth from 2021

2022 Average Net Price

$11,131

After Financial Aid

2019 Default Rate

7.55%

on Student Loans

2022 Acceptance Rate

85%

515 Applicants

2022 Enrolled Students

743

92.6% Full-Time

2022 Graduation Rate

23.3%

77 Graduates

About

Long Island Business Institute is a higher education institution located in Queens County, NY. In 2022, the most popular Associates Degree concentrations at Long Island Business Institute were Business, Office Automation, Technology, & Data Entry (122 degrees awarded), Accounting (64 degrees), and General Business Administration & Management (54 degrees).

In 2022, 278 degrees were awarded across all undergraduate and graduate programs at Long Island Business Institute. 80.6% of these degrees were awarded to women, and 19.4% awarded men. The most common race/ethnicity group of degree recipients was asian (162 degrees), 2.31 times more than then the next closest race/ethnicity group, hispanic or latino (70 degrees).

The median undergraduate tuition at Long Island Business Institute is $9,300, which is $−5,641 less than the national average for Special Focus Institutions ($14,942).

In 2019 the default rate for borrower's at Long Island Business Institute was 7.55%, corresponding to 8 out of the 106 total borrowers.

Special Focus Two-Year: Other Fields Special Focus Institutions

Costs

In 2022, the median undergraduate tuition at Long Island Business Institute is $9,300, which is $5,642 less than the national average for Special Focus Institutions ($14,942).

After taking grants and loans into account, the average net price for students is $11,131.

In 2022, 90% of undergraduate students attending Long Island Business Institute received financial aid through grants. Comparatively, 3% of undergraduate students received financial aid through loans.

Tuition Costs

$9,300

2022 Undergraduate Tuition

In 2022, the cost of tuition at Long Island Business Institute was $9,300. The cost of tuition at Long Island Business Institute is $−5,642 less than than the overall (public and private) national average for Special Focus Institutions ($14,942).

This chart compares the tuition costs of Long Island Business Institute (in red) with those of other similar universities.

Average Net Price

$11,131

2022 Value

17.8%

1 Year Growth

In 2022 Long Island Business Institute had an average net price — the price paid after factoring in grants and loans — of $11,131. Between 2021 and 2022, the average net price of Long Island Business Institute grew by 17.8%.

This chart compares the average net price of Long Island Business Institute (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.

Other Student Expenses

$4,000

Room and Board

$800

Books and Supplies

The average yearly cost of room and board at Long Island Business Institute was of $4,000 in 2022. The cost of room and board did not change between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $800. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Long Island Business Institute (in red) with that of similar universities.

Financial Aid by Income Level

90%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

90% of undergraduate students at Long Island Business Institute received financial aid through grants or loans in 2022. This represents a decline of 2.17% with respect to 2021, when 92% of undergraduate students received financial aid.

This chart compares the average award discount at Long Island Business Institute (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.

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.

7.55%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Long Island Business Institute was 7.55%, which represents 8 out of the 106 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.

Admissions

Long Island Business Institute received 515 undergraduate applications in 2022, which represents a 8.2% annual growth. Out of those 515 applicants, 438 students were accepted for enrollment, representing a 85% acceptance rate.

There were 743 students enrolled at Long Island Business Institute in 2022.

Long Island Business Institute has an overall enrollment yield of 49.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

85%

Acceptance Rate in 2022

438

Accepted Out of 515

In 2022, the undergraduate acceptance rate of Long Island Business Institute was 85% (438 admissions from 515 applications). This is higher than the acceptance rate of 2021, which was 69%. Between 2021 and 2022, the number of applicants declined by 8.2%, while admissions grew by 13.2%.

This chart compares the acceptance rate of Long Island Business Institute (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

Enrollment

Long Island Business Institute had a total enrollment of 743 students in 2022. The full-time enrollment at Long Island Business Institute is 688 students and the part-time enrollment is 55. This means that 92.6% of students enrolled at Long Island Business Institute are enrolled full-time.

The enrolled student population at Long Island Business Institute, both undergraduate and graduate, is 47.2% Asian, 34.2% Hispanic or Latino, 8.48% Black or African American, 6.86% White, and 0.404% Two or More Races.

Students enrolled at Long Island Business Institute in full-time Undergraduate programs are most commonly Asian Female (37.8%), followed by Hispanic or Latino Female (32.7%) and Asian Male (10.3%).

Full-Time vs Part-Time Enrollment

92.6%

Full-Time Enrollment

The total enrollment at Long Island Business Institute in 2022, both undergraduate and graduate, is 743 students. The full-time enrollment at Long Island Business Institute is 688 and the part-time enrollment is 55. This means that 92.6% of students enrolled at Long Island Business Institute are enrolled full-time compared with N/A% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Long Island Business Institute (in red) compares to similar universities.

Retention Rate over Time

22%

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 Long Island Business Institute was 22%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), Long Island Business Institute had a retention rate lower than its peers.

This chart shows the retention rate over time at Long Island Business Institute (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

Asian
351 enrolled students
Hispanic or Latino
254 enrolled students
Black or African American
63 enrolled students

The enrolled student population at Long Island Business Institute is 47.2% Asian, 34.2% Hispanic or Latino, 8.48% Black or African American, 6.86% White, and 0.404% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 42.1% White, 19.3% Hispanic or Latino, and 14.1% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 2 students (0.269%) did not report their race.

Graduates

In 2022, 170 more women than men received degrees from Long Island Business Institute. The most common race/ethnicity group of degree recipients at Long Island Business Institute is asian (162 degrees awarded). There were 2.31 times more asian recipients than the next closest race/ethnicity group, hispanic or latino (70 degrees).

The most common Associates Degree concentration at Long Island Business Institute is Business, Office Automation, Technology, & Data Entry (122 degrees awarded), followed by Accounting (64 degrees) and General Business Administration & Management (54 degrees).

In 2022, the most specialized majors across all degree types at Long Island Business Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Business (261 degrees awarded), Protective Services (12 degrees), and Legal (5 degrees).

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Long Island Business Institute are Accountants & auditors (1,020,168 people), Other managers (694,603 people), Financial managers (484,025 people), Chief executives & legislators (365,220 people), and Firstline supervisors of retail sales workers (258,348 people).

The most specialized majors at Long Island Business Institute in 2022 are Business (261 degrees awarded), Protective Services (12 degrees), and Legal (5 degrees) (as of 2022).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Long Island Business Institute are Surgeons, Physicians, Photographic process workers & processing machine operators, Magnetic resonance imaging technologists, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Long Island Business Institute are Business (261 degrees awarded), Protective Services (12 degrees), and Legal (5 degrees) (as of 2022).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Long Island Business Institute are Elementary & secondary schools (498,934 people), Computer Systems Design (493,631 people), Banking & related activities (476,498 people), Justice, public order, & safety activities (470,043 people), and Accounting, tax preparation, bookkeeping & payroll services (404,540 people).

The most specialized majors at Long Island Business Institute are Business (261 degrees awarded), Protective Services (12 degrees), and Legal (5 degrees) (as of 2022).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Long Island Business Institute.

Most Common (2022)

Business, Office Automation, Technology, & Data Entry
122 degrees awarded
Accounting
64 degrees awarded
General Business Administration & Management
54 degrees awarded

In 2022, the most common associates degree concentration at Long Island Business Institute was Business, Office Automation, Technology, & Data Entry with 122 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Long Island Business Institute according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

224

Degrees Awarded to Women

in 2022

In 2022, 54 degrees were awarded to men at Long Island Business Institute, which is 0.241 times less than the number of degrees awarded to females (224).

This chart displays the sex disparity between the top 5 majors at Long Island Business Institute by degrees awarded.

Most Common Male Majors

In 2022, 14 degrees were awarded to men at Long Island Business Institute in General Business Administration & Management, which is 0.35 times less than the 40 female recipients with that same degree.

Most Common Female Majors

In 2022, 108 degrees were awarded to men at Long Island Business Institute in Business, Office Automation, Technology, & Data Entry, which is 7.71 times more than the 14 male recipients with that same degree.

Time to Complete

17%

100% Completion Time

23%

150% Completion Time

In 2022, 17% of students graduating from Long Island Business Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 23% completed their degrees within 150% of the normal time, and 23% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Long Island Business Institute is Male and White (100% graduation rate). Across all Special Focus Institutions, 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.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

Asian
162 degrees awarded
Hispanic or Latino
70 degrees awarded
Black or African American
32 degrees awarded

The most common race/ethnicity at Long Island Business Institute is asian (162 degrees awarded). There were 2.31 times more asian recipients than the next closest race/ethnicity group, hispanic or latino (70 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

Asian Female
123 degrees awarded
Hispanic or Latino Female
62 degrees awarded
Asian Male
39 degrees awarded

The most common race/ethnicity and sex grouping at Long Island Business Institute is asian female (123 degrees awarded). There were 1.98 times more asian female recipients than the next closest race/ethnicity group, hispanic or latino female (62 degrees).

Operations

Long Island Business Institute employs 12 Instructors. Most academics at Long Island Business Institute are Female Instructor (8), and Male Instructor (4).

The most common positions for non-instructional staff at Long Island Business Institute are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 24 employees, Management, with 10 employees, and Business and Financial Operations with 2 employees.

Salary Expenditure

$4.62M

2022 Salaries

0.491%

growth from 2021

In 2022, Long Island Business Institute paid a median of $4.62M in salaries, a 0.491% growth from the previous year. This is compared to a 11% decline between 2020 and 2021, and a 12.9% decline between 2019 and 2020.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$539k

Instructional Salaries

Number of Employees

In 2022, Long Island Business Institute paid a total of $539k to 12 employees working as instructors, which represents 11.7% of all salaries paid.

This is compared to a median of $975k (30.7%) for similar Special Focus Institutions.

Occupations by Share

Instructor

Most Common Instructor

12 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

24 Employees

In 2022, the most common positions for instructional staff at Long Island Business Institute was Instructor with 12 employees.

In 2022, the most common positions for non-instructional staff at Long Island Business Institute were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 24 employees, Management with 10 employees, and Business and Financial Operations with 2 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Female Instructor
Male Instructor

In 2022, the most common demographic for instructional staff at Long Island Business Institute was Female Instructor with 8 employees, and Male Instructor with 4 employees.

This chart shows the sex split between each academic rank present at Long Island Business Institute.

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