inscription reads: Lawrence Tech was chartered in 1932 by the Lawrence brothers, Russell E. and E. George. The college was located in Highland Park on Woodward Avenue until 1955, when the first building opened on this campus. Lawrence Tech, founded as an undergraduate college of engineering, later added programs in architecture, management, arts and science, and various technological fields. The college pioneered in scheduling evening programs for working students and in 1935 developed the four-quarter academic calendar. "Theory and Practice" has been the motto of the college since its founding. Application of classroom theories to real situations involving the community or Michigan industries has been its goal. Lawrence Institute of Technology is a nonprofit independent college. Academics Admissions Undergraduate Lawrence Tech is considered "selective" by U.S. News & World Report. For the Class of 2025 (enrolled fall 2021), Lawrence Tech received 2,641 applications and accepted 2,141 (81.1%). Of those accepted, 475 enrolled, a yield rate (the percentage of accepted students who choose to attend the university) of 22.2%. Lawrence Tech's freshman retention rate is 72.95%, with 58.35% going on to graduate within six years. The enrolled first-year class of 2025 had the following standardized test scores: the middle 50% range (25th percentile-75th percentile) of SAT scores was 1040–1250, while the middle 50% range of ACT scores was 22–28. Academic divisions Lawrence Technological University is a member of the Association of Independent Technological Universities (AITU). Lawrence Technological University is one out of only 13 doctoral, technological, private universities in the US; from more than 6000 institutions of higher education in the country. The university is organized into four Colleges: Architecture and Design, Arts and Sciences, Business and Information Technology, and Engineering. In 1950, associate degree programs were added to LTU's baccalaureate programs and in 1952, what is today the College of Business and Information Technology was established. LTU started offering multiple master's degree programs from the early 1990s. Master's degree programs in business were created in 1989, engineering in 1990, Architecture in 1993 and arts and sciences in 1997. Its most popular undergraduate majors, in terms of 2021 graduates, were: Mechanical Engineering (68) Architectural and Building Sciences/Technology (46) Electrical and Electronics Engineering (43) Computer Science (41) The College of Business and Information Technology is one of only 5 percent of the world's 16,000 institutions of higher learning offering business degrees to earn accreditation from AACSB International, the Association to Advance Collegiate