Taylor Business Institute

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2022 Undergraduate Tuition
$10,350
2022 Average Net Price
$16,145
After Financial Aid
2019 Default Rate
17.8%
on Student Loans
2022 Acceptance Rate
79.4%
34 Applicants
2022 Enrolled Students
175
100% Full-Time
2022 Graduation Rate
55.6%
15 Graduates

About

Taylor Business Institute is a higher education institution located in Cook County, IL. In 2022, the most popular Associates Degree concentrations at Taylor Business Institute were Accounting Technology & Bookkeeping (12 degrees awarded), Health Information & Medical Records Technology (5 degrees), and Criminal Justice And Corrections, General (4 degrees).

In 2022, 23 degrees were awarded across all undergraduate and graduate programs at Taylor Business Institute. 56.5% of these degrees were awarded to women, and 43.5% awarded men. The most common race/ethnicity group of degree recipients was black or african american (5 degrees), 5 times more than then the next closest race/ethnicity group, hispanic or latino (1 degrees).

The median undergraduate tuition at Taylor Business Institute is $10,350, which is $2,238 more than the national average for Associates Colleges ($8,112).

Costs

In 2022, the median undergraduate tuition at Taylor Business Institute is $10,350, which is $2,238 more than the national average for Associates Colleges ($8,112).

After taking grants and loans into account, the average net price for students is $16,145.

In 2022, 13% of undergraduate students attending Taylor Business Institute received financial aid through grants. Comparatively, 10% of undergraduate students received financial aid through loans.

Tuition Costs

$10,350
2022 Undergraduate Tuition

In 2022, the cost of tuition at Taylor Business Institute was $10,350. The cost of tuition at Taylor Business Institute is $2,238 more than than the overall (public and private) national average for Associates Colleges ($8,112).

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Average Net Price

$16,145
2022 Value
20.8%
1 Year Growth

In 2022 Taylor Business Institute had an average net price — the price paid after factoring in grants and loans — of $16,145. Between 2021 and 2022, the average net price of Taylor Business Institute grew by 20.8%.

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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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Other Student Expenses

$7,500
Room and Board
$250
Books and Supplies

The average yearly cost of room and board at Taylor Business Institute was of $7,500 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 $250. The cost of books and supplies decreased by 66.7% during the same period.

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Financial Aid by Income Level

13%
Undergraduates Receiving Financial Aid through Grants
10%
Undergraduates Receiving Financial Aid through Loans

13% of undergraduate students at Taylor Business Institute received financial aid through grants or loans in 2022. This represents a decline of 45.8% with respect to 2021, when 24% of undergraduate students received financial aid.

This chart compares the average award discount at Taylor 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.

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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.
17.8%
2019 Default Rate
19
Number of Defaults

In 2019 the default rate for borrower's at Taylor Business Institute was 17.8%, which represents 19 out of the 107 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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Admissions

Taylor Business Institute received 34 undergraduate applications in 2022, which represents a 85.2% annual growth. Out of those 34 applicants, 27 students were accepted for enrollment, representing a 79.4% acceptance rate.

There were 175 students enrolled at Taylor Business Institute in 2022.

Taylor Business Institute has an overall enrollment yield of 100%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

79.4%
Acceptance Rate in 2022
27
Accepted Out of 34

In 2022, the undergraduate acceptance rate of Taylor Business Institute was 79.4% (27 admissions from 34 applications). This is lower than the acceptance rate of 2021, which was 89.1%. Between 2021 and 2022, the number of applicants grew by 85.2%, while admissions declined by −86.8%..

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

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Enrollment

Taylor Business Institute had a total enrollment of 175 students in 2022. The full-time enrollment at Taylor Business Institute is 175 students and the part-time enrollment is 0. This means that 100% of students enrolled at Taylor Business Institute are enrolled full-time.

The enrolled student population at Taylor Business Institute, both undergraduate and graduate, is 12% Black or African American, 1.71% Hispanic or Latino, and 1.14% Asian.

Students enrolled at Taylor Business Institute in full-time Undergraduate programs are most commonly Black or African American Female (9.14%), followed by Black or African American Male (2.86%) and Asian Male (1.14%).

Full-Time vs Part-Time Enrollment

100%
Full-Time Enrollment

The total enrollment at Taylor Business Institute in 2022, both undergraduate and graduate, is 175 students. The full-time enrollment at Taylor Business Institute is 175 and the part-time enrollment is 0. This means that 100% of students enrolled at Taylor Business Institute are enrolled full-time compared with 32.2% at similar Associates Colleges.

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

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Retention Rate over Time

54%
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 Taylor Business Institute was 54%. Compared with the full-time retention rate at similar Associates Colleges (62%), Taylor Business Institute had a retention rate lower than its peers.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. Black or African American
    21 enrolled students
  2. Hispanic or Latino
    3 enrolled students
  3. Asian
    2 enrolled students

The enrolled student population at Taylor Business Institute is 12% Black or African American, 1.71% Hispanic or Latino, and 1.14% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 42.9% White, 27.9% Hispanic or Latino, and 12.5% 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, 0 students (0%) did not report their race.

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Graduates

In 2022, 3 more women than men received degrees from Taylor Business Institute. The most common race/ethnicity group of degree recipients at Taylor Business Institute is black or african american (5 degrees awarded). There were 5 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (1 degrees).

The most common Associates Degree concentration at Taylor Business Institute is Accounting Technology & Bookkeeping (12 degrees awarded), followed by Health Information & Medical Records Technology (5 degrees) and Criminal Justice And Corrections, General (4 degrees).

In 2022,  the most specialized majors across all degree types at Taylor Business Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Protective Services (4 degrees awarded), Engineering Technologies (2 degrees), and Business (12 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 Taylor Business Institute are Registered nurses (1,484,166 people), Accountants & auditors (1,042,698 people), Other managers (783,361 people), Financial managers (498,136 people), and Chief executives & legislators (394,869 people).

The most specialized majors at Taylor Business Institute in 2022 are Protective Services (4 degrees awarded), Engineering Technologies (2 degrees), Business (12 degrees), and Health (5 degrees) (as of 2022).

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Highest Paying Jobs by Major

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

The most specialized majors at Taylor Business Institute are Protective Services (4 degrees awarded), Engineering Technologies (2 degrees), Business (12 degrees), and Health (5 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 Taylor Business Institute are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,805,468 people), Elementary & secondary schools (721,401 people), Computer Systems Design (563,192 people), Justice, public order, & safety activities (500,757 people), and Banking & related activities (496,073 people).

The most specialized majors at Taylor Business Institute are Protective Services (4 degrees awarded), Engineering Technologies (2 degrees), Business (12 degrees), and Health (5 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 Taylor Business Institute.

In 2022, the most common associates degree concentration at Taylor Business Institute was Accounting Technology & Bookkeeping with 12 degrees awarded.

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

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Sex Breakdown for Common Majors

10
Degrees Awarded to Men
in 2022
13
Degrees Awarded to Women
in 2022

In 2022, 10 degrees were awarded to men at Taylor Business Institute, which is 0.769 times less than the number of degrees awarded to females (13).

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

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Most Common Male Majors

In 2022, 7 degrees were awarded to men at Taylor Business Institute in Accounting Technology & Bookkeeping, which is 1.4 times more than the 5 female recipients with that same degree.

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Most Common Female Majors

In 2022, 5 degrees were awarded to women at Taylor Business Institute in Health Information & Medical Records Technology. There were no male recipients with the same degree.

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Time to Complete

38%
100% Completion Time
68%
150% Completion Time

In 2022, 38% of students graduating from Taylor Business Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 68% completed their degrees within 150% of the normal time, and 69% within 200%.

The following chart shows these completion rates over time compared to the average for the Associates Colleges 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Black or African American Female
Highest Graduation Rate (18.2%)

The student demographic with the highest graduation rate in 2022 at Taylor Business Institute is Female and Black or African American (18.2% graduation rate). Across all Associates Colleges, 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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. Black or African American
    5 degrees awarded
  2. Hispanic or Latino
    1 degrees awarded

The most common race/ethnicity at Taylor Business Institute is black or african american (5 degrees awarded). There were 5 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (1 degrees).

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

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. Black or African American Female
    4 degrees awarded
  2. Black or African American Male
    1 degrees awarded
  3. Hispanic or Latino Female
    1 degrees awarded

The most common race/ethnicity and sex grouping at Taylor Business Institute is black or african american female (4 degrees awarded). There were 4 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (1 degrees).

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Operations

Taylor Business Institute employs 4 Professors. Most academics at Taylor Business Institute are Male Professor (3), and Female Professor (1).

The most common positions for non-instructional staff at Taylor Business Institute are: Management, with 3 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 3 employees, and Office and Administrative Support with 2 employees.

Salary Expenditure

$620k
2022 Salaries
0.42%
growth from 2021

In 2022, Taylor Business Institute paid a median of $620k in salaries, a 0.42% growth from the previous year.

The median for similar Associates Colleges is 16.8M (40.1% of overall expenditures).

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Instructional Salaries

$155k
Instructional Salaries
4
Number of Employees

In 2022, Taylor Business Institute paid a total of $155k to 4 employees working as instructors, which represents 25% of all salaries paid.

This is compared to a median of $5.35M (31.8%) for similar Associates Colleges.

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Occupations by Share

Professor
Most Common Instructor
4 Employees
Management
Most Common Non-Instructional Employee
3 Employees

In 2022, the most common positions for instructional staff at Taylor Business Institute was Professor with 4 employees.

In 2022, the most common positions for non-instructional staff at Taylor Business Institute were Management with 3 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 3 employees, and Office and Administrative Support with 2 employees.

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Instructors by Academic Rank and Sex

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

In 2022, the most common demographic for instructional staff at Taylor Business Institute was Male Professor with 3 employees, and Female Professor with 1 employees.

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

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