[5] LeTourneau bought the site from the United States government with the help of Longview News-Journal publisher Carl Estes and other Longview community leaders for one dollar with the conditions that for the next decade, the U.S. government could reclaim the 156 acres (631,000 m2) and 220 buildings in the event of an emergency and no new construction or demolition could occur.

Students attended classes on alternating days; while one half of the students were in class, the other half worked at R. G. LeTourneau's nearby LeTourneau Incorporated manufacturing plant (now part of Cameron International), thus satisfying the laboratory requirements of all of the industrial courses.

The college continued to grow under the leadership of Allen C. Tyler in 1961 and 1962 and Richard H. LeTourneau (eldest son of R. G. and Evelyn) from 1962 to 1968.

Austin also oversaw the removal of all wooden barracks from the Longview campus except the historic landmark known as Speer Chapel, which is the only remaining WWII-era structure and is a popular place for weddings and ceremonies.

In March 2021, Steve Mason was selected as the seventh president of LeTourneau University, serving previously as Professor of Old Testament.

Capital projects also include expanding the Abbott Aviation Center to meet the high student demand for LeTourneau aviation education and the construction of an Athletic and Human Performance Air Dome with a 200-meter NCAA competition level hydraulic track.

[11] Many of the university's undergraduate degrees are focused on engineering, aeronautics, computer science, business, and education.

A smaller liberal arts program provides educational balance to the largely technical concentrations.

Although it does not offer a music major, LeTourneau University includes fine arts opportunities for its students.

The university choir, the LeTourneau Singers, performs regularly in chapel and presents an annual free Masterworks concert of classical works.

The Yellowjacket Jazz Band consists of about 20 LeTourneau students, professors, and Longview community members.

The main campus itself is located on the south side of Longview, two miles north of Interstate 20 (exit 595B).

[18] In addition to official university sports, intramural competitions in soccer, football, volleyball, ultimate and basketball are also highly valued and widely popular.

The Greek Society Residences of ΑΩ, ΚΖΧ, and LAS are unique in that they are owned by the university but were built with donations from alumni and friends.

The Greek Women's "Society" is Lambda Omega Chi (ΛΩΧ) and has a charter with the university but does not currently have a residential facility on campus.

A Starlight Soiree is held, as well as athletic events, including the annual intersociety rope pull competition, and Hootenanny.

The traditional Hootenanny variety show brings together the majority of the student body, faculty, staff, alumni, and members of the community for a dose of original comedy, music, and talent.