NVI Technical College Information

Market Feasibility

Competitive vocational and tech schools are presented which

Executive Summary of this report was about 839 average from 2008

compete with the subject project.

through 2018, whereas the peak period indicated 1,420 students

annually. Due to the COVID-19 restrictions, the management of the

Tuition

Company has estimated enrollment restricted to about 400 students

As presented in the table on the following page, the Mean Tuition

per 6-month term in year 1 (800 annually) to 600 per 6-month term

Rate among the 10 vocational and tech schools per semester In

in subsequent years. Until the restrictions were lifted by the state,

State is about $13,618 whereas the Maximum is about $23,300 and

this enrollment of about 25 percent of capacity was in-place.

the Minimum is about $5,839. The Annual Tuition Rates indicated

A

were a Mean of about $27,359, a Maximum of about $46,600 and a

The Enrollment at the competitors ranges from about 286 at

Minimum of about $12,918, In-State.

Automotive Training Center to 11,225 at Universal Technical

Institute. The estimated enrollment rate at the subject project based

Out of State Tuition per Semester ranges from $12,975 for the

on the comparable data appears to be well-supported.

Mean, $21,519 for the Maximum and $7,761 per semester. The

Annual Out of State Tuition Mean is about $26,236, the Maximum is

On-Campus Housing

about $43,037 and the Minimum is about $15,522. These rates

Five of the ten schools surveyed indicated various offerings for On

support the mean rate of $16,982 in 2024-205 and 2025-2026 for

Campus Housing. The rates per semester range from about $2,950

the subject project.

to $18,000. The Company Books, Room & Board, and fees mean at

Enrollment

about $5,079, within the range of the competitors.

Historically, the subject project prior to closing as explained in the

Source: Wert-Berater Feasibility Studies, LLC

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