LIBI's tuition & fees has increased from $14,279 (2015) 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 13.54%. Compare to all colleges in United States, it's increase rate is lower than the average increase rate of 10.99%.
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by -0.89% from 2015 ($20,179).
For the current academic year 2024-2025, 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 9 years.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|---|---|---|
| 2015-16 | - | $20,179 | - |
| 2016-17 | - | $20,375 | 0.97% |
| 2017-18 | - | $20,175 | -0.98% |
| 2018-19 | - | $20,175 | |
| 2019-20 | - | $18,266 | -9.46% |
| 2020-21 | - | $18,416 | 0.82% |
| 2021-22 | - | $19,066 | 3.53% |
| 2022-23 | - | $19,500 | 2.28% |
| 2023-24 | - | $20,000 | 2.56% |
The tuition & fees have decreased 15.96% for the last 9 years , and the 2025 tuition & fees are $12,000. The following table and chart show the tuition & fees changes at Long Island Business Institute over last the 9 years.
| Year | Undergraduate | Change By Year |
|---|---|---|
| 2015-16 | $14,279 | - |
| 2016-17 | $14,475 | 1.37% |
| 2017-18 | $14,475 | |
| 2018-19 | $14,475 | |
| 2019-20 | $10,266 | -29.08% |
| 2020-21 | $10,416 | 1.46% |
| 2021-22 | $11,066 | 6.24% |
| 2022-23 | $11,500 | 3.92% |
| 2023-24 | $12,000 | 4.35% |
The cost of purchasing books & supplies which are required/recommended for courses $800, and it has decreased -33.33% from the year 2015 to 2024.
| Year | Books & Supplies | Change by Year |
|---|---|---|
| 2015-16 | $1,200 | - |
| 2016-17 | $1,200 | |
| 2017-18 | $1,200 | |
| 2018-19 | $1,200 | |
| 2019-20 | $800 | -33.33% |
| 2020-21 | $800 | |
| 2021-22 | $800 | |
| 2022-23 | $800 | |
| 2023-24 | $800 |
The living costs including room, board, and other living expenses have increased 12.50% when living-off campus from the year 2015 to 2024. The following table shows the changes in living costs at Long Island Business Institute.
| Year | Living Off Campus | Change by Year |
|---|---|---|
| 2015-16 | $4,700 | - |
| 2016-17 | $4,700 | |
| 2017-18 | $4,500 | -4.26% |
| 2018-19 | $4,500 | |
| 2019-20 | $7,200 | 60.00% |
| 2020-21 | $7,200 | |
| 2021-22 | $7,200 | |
| 2022-23 | $7,200 | |
| 2023-24 | $7,200 |
The following table compares 2025 tuition and increase rate from last year between Long Island Business Institute and similar schools.
| 2025 | 2024 | Increase Rate | |
|---|---|---|---|
| Long Island Business Institute | $12,000 | $12,000 | - |
| Technical Career Institutes | $13,800 | $13,800 | - |
| Hunter Business School | $15,225 | $14,825 | 2.70% |
| Swedish Institute a College of Health Sciences | $29,079 | $27,450 | 5.93% |
| St Paul's School of Nursing-Queens | $17,433 | $17,556 | -0.70% |
| Mildred Elley-New York Campus | $17,926 | $17,926 | - |
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