Areas Of Study - Lake Area Technical Institute

Tuition and Costs
Tuition
The tuition rate is $95.00 per semester credit.
Fees
The facility fee rate, set by the State of South Dakota, is $19
per credit for all students. LATI also charges departmental,
campus support, repair and maintenance, state technology, state
program development and parking fees. Please see a current cost
sheet.
DISTANCE Fees
For classes offered through LATI’s eLearning system, you will be
charged the established tuition and fees based on the number of
credits taken. You will also be charged a $40 per credit distance
fee.
Books, Supplies and Tools
Students are required to purchase assigned books and necessary
tools/supplies for each course. Some programs require uniforms.
Some programs also require the use of a laptop (laptops can be
leased through the campus bookstore). Almost everything you
need can be conveniently purchased from the LATI Bookstore.
Housing
To help you find a place to live, LATI keeps a list of Watertown
housing currently available to students, with helpful specifics
like type of housing, size and cost. For a copy of the housing list,
stop by the front office or check out our website.
Meals
The school cafeteria, located in the Student Center, serves up
fresh meals everyday from 6:45 a.m. to 4:00 p.m. The cafeteria is
designed for student and staff convenience. You are not required
to buy a meal-plan at LATI.
APPLYING FOR Financial Aid
As soon as you (and your parents if dependent) have completed
your tax return(s) for the most recent year, a Free Application
for Federal Student Aid (FAFSA) should be completed. We
encourage you to apply for financial aid online at fafsa.gov.
The FAFSA will determine eligibility for the Pell Grant,
Supplemental Educational Opportunity Grant, Work Study,
Perkins Loan, Stafford Loan and other need-based financial
aid.
Steps to Follow:
1. Complete the FAFSA on or after January 1.
2. Approximately three weeks after mailing the FAFSA,
or about 5 days after submitting it electronically, the
Central Processing System (CPS) will send you a Student
Aid Report (SAR).
3. LATI automatically receives your FAFSA information if
you listed us on your FAFSA.
4. Once we start reviewing and awarding files, you will be
sent an award letter indicating the amount and types of
financial assistance you can expect to receive. (BE SURE
TO SIGN AND RETURN ONE COPY.)
The Financial Aid Office at Lake Area Technical Institute has the capability
to process corrections to FAFSA data electronically.
PRIORITY DATE!
Since funds under the Perkins, Work Study, and SEOG
programs are limited, it will be necessary to apply by April 1
using the FAFSA. Any individual who submits FAFSA after
April 1 cannot expect to be awarded aid on the basis of
demonstrated financial need. However, this does not affect
eligibility for a Pell Grant or the Stafford Loan.
Financial Aid RESOURCES
Federal Pell Grant: A federal grant program that provides funds
to students who demonstrate financial need.
Federal Supplemental Educational Opportunity Grant
(SEOG): A federal program that provides funds to students
with exceptional financial need who are also eligible for a
Pell Grant.
Federal Work Study: A federal program for students who
demonstrate financial need. Students may work part-time on or
off campus at approved work sites and are given the opportunity
to earn money and gain work experience.
Federal Perkins Loan: A campus-based loan that is federally
funded with eligibility determined by the Financial Aid
Office. You must have exceptional need to qualify for this
loan. Repayment begins nine months after you graduate or
drop below half time. Additional information on terms and
conditions of this loan can be obtained from the Financial Aid
Office.
Federal Direct Stafford Loan: A low interest loan through the
federal government that allows dependent students to borrow
up to $3,500 for their first year and $4,500 for their second
year. This loan is either subsidized or unsubsidized. If the loan
is subsidized, the interest does not accrue until six months after
you graduate or drop below half time. If the loan is unsubsidized,
interest is charged from the time the loan is disbursed.
Independent students may be eligible for an additional $6,000 a
year in unsubsidized Stafford loans. Dependent students may be
eligible for an additional $2,000 a year in unsubsidized Stafford
Loans. Additional information on the terms and conditions of
these loans can be obtained from the Financial Aid Office.
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