Contact Information
General Contact
- School Code: 530900
- Phone: (605) 348-4247 x0
- School Homepage
Admissions Office
- Phone: (605) 882-5284
Financial Aid Office
- Phone: (605) 882-5284
FINANCIAL AID RATE
92%STUDENT TEACHER RATIO
17:1DEGREE OFFERED ONLINE
30FINANCIAL AID AWARD AVG.
$4,952Average Grants + Scholarship Aid Awarded to Undergraduate Students
Percent of Full-Time Undergraduates Receiving Financial Aid
Percent of Students Paying In-State Tuition vs Out-of-State Tuition
School Map
Banking and Financial Services Degree
The robust world of Banking and Financial Support Services is a field of study emphasizing the facilitation of financial and economic services for individuals and business entities. Get more details below including other South Dakota colleges that offer banking and financial services degrees.
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Lake Area Technical Institute
Also known as LATI/Lake Area Tech
333 Omaha St. Suite 6 & 7, Rapid City, SD
Lake Area Technical Institute, located in Watertown, South Dakota, was founded in 1965 and was South Dakota's first technical school. The school enrolls over 1,500 students a year and has had over 16,000 graduates. LATI maintains small class sizes and cutting edge facilities. LA Technical Institute is a higher education institution that believes in offering students a solid foundation upon which they may construct their success.
Academics
LATI offers 27 programs of study, 7 of which are available through online distance learning. The programs provide students with the education necessary to immediately begin a career or to transfer to a four year institution. 98% of graduates find placement in jobs or transfer to a four year university.
Programs offered include:
Admissions and Financial Aid
Students interested in enrolling at Lake Area Technical Institute must be at least 16 years of age and have a high school diploma or GED. Students lacking a high school diploma or GED may take an examination demonstrating that they will benefit from the education offered; students enrolled in this manner must complete their GED within the year.
LATI offers a variety of financial aid options to eligible students. Eligibility for federal programs is determined by the Free Application for Federal Student Aid (FAFSA), which must be completed and submitted.
Students Enrolled in the Banking and Financial Services Program
Get more details below regarding enrollment, academics, and school demographics. Lake Area Technical Institute offers an associate's degree program in banking and financial services.
Students by Gender (2019)
| Graduates | |
|---|---|
| Male | 3 |
| Female | 18 |
Students by Race (2019)
| Graduates | |
|---|---|
| White | 20 |
| Unknown | 1 |
Source: IPEDS Survey 2012-2020: Data obtained from the US Dept. of Education's Integrated Postsecondary Education Data System (IPEDS). Data may vary depending on school and academic year.
Career Options for Graduates
Upon completion of the Banking and Financial Services program at Lake Area Technical Institute, most students have pursued careers in the following fields:Loan Counselors
Description
Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
Career Outlook & Projections (
)
According to the BLS, loan counselors employment is expected to grow at a rate of 15.5% from 2014 to 2024
Bill and Account Collectors
Description
Locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer's account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.
Career Outlook & Projections (
)
According to the BLS, bill and account collectors employment is expected to shrink at a rate of -5.6% from 2014 to 2024
Salary & Wages
- Rapid City, SD
- Total Employment: 480
- Average Hourly Rate: $13.94
- Average Annual Salary: $28990
Tellers
Description
Receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution's various transactions.
Career Outlook & Projections ()
According to the BLS, tellers employment is expected to shrink at a rate of -7.7% from 2014 to 2024
Salary & Wages
- Rapid City, SD
- Total Employment: 300
- Average Hourly Rate: $12.20
- Average Annual Salary: $25380
Credit Authorizers
Description
Authorize credit charges against customers' accounts.
Career Outlook & Projections ()
According to the BLS, credit authorizers employment is expected to shrink at a rate of -6.2% from 2014 to 2024
Salary & Wages
- Rapid City, SD
- Total Employment: 40
- Average Hourly Rate: $12.86
- Average Annual Salary: $26750
Source: Job descriptions, estimated salary and wages, and projected job growth are taken from the Bureau of Labor Statistics (BLS).
Admission Requirements & Details
The admission details below may provide a better idea of the candidates Lake Area Technical Institute accepts. The details may include admissions application requirements and recommendations, as well as any college or dual credits that may be transferred.
College Credits Accepted
- Dual Credits
- Life Experience Credits
- AP Course Credits
Academics & Student Services
Student Services
To help students and alumni, Lake Area Technical Institute may offer student services like:- Online course work available
- Weekend and night classes available
- Remedial courses
- Academic counseling for students
- Work study style employment
- Assisting students to find work
- Child care