Payback
EarningsPlus
Economic score
Lake Erie College is a private regional university located in Painesville, Ohio. Lake Erie College is moderately inclusive in their admissions.
Return on educational investment at Lake Erie College is in the bottom 50% of all ranked schools. The median student earns $44,237 10 years after enrolling, 61st in Ohio, and in the bottom 50% nationally. When adjusted for earning differences by major, Lake Erie College bachelor students earn 6% less than the national average. Lake Erie College is ranked 41st in Ohio.
Lake Erie College’s median net annual cost of $21,000 and average years to graduate of 4.3 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 5 programs at Lake Erie College sorted by number of graduates - Business Administration, Education, Psychology, Health & Fitness, Criminal Justice - are shown below.
Annual net cost
$21,000
Average years to graduate
4.3
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 2 graduate programs at Lake Erie College - Business Administration, Diagnostic, Intervention & Treatment - are shown below.
The average full-time graduate completes their degree in 4.3 years. 50% of all students graduate within 8 years. The graduation rate at Lake Erie College is 10% lower than the state average, and 7% below the average for all regional universities in the country.
At Lake Erie College, Pell Grant recipients represent 35% of the measured graduating class, equal to the national average of 35%. The average Pell Grant recipient at Lake Erie College graduates within 4.4 years.
Lake Erie College is in the bottom 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Lake Erie College’s economic mobility score of 10.84 is calculated by adjusting the 5.36 economic score of lower-income students by the 35% pell grant recipients within the student body. Lake Erie College’s EMS of 10.84 ranks in the bottom 50% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 50%
The average Title IV recipient at Lake Erie College pays $21,000 a year, $26,512 less than the $47,512 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $21,000
Much of the gap between net price and sticker price is filled by institutional and government grants. At Lake Erie College, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $21,000 on average to be covered by the student – be it through loans or out of pocket. In total, 72% of students take out loans, federal or private, at an average amount of $7,196. This is 18% more than the national average.
Federal grants
$5,354
Pell grants
$4,683
State grants
$3,226
Institutional grants
$23,004
Lake Erie College's moderately inclusive admissions are indicated by their 55% acceptance rate. In 2021, the school had 1,164 applicants, of which 637 were admitted and 189 enrolled. Lake Erie College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
100%
83%
Female
44%
59%
First time
82%
59%
In-state
61%
68%
1st generation
33%
35%
White
63%
52%
Black
14%
14%
Hispanic
5%
15%
Asian
1%
5%
American Indian
1%
1.6%
Pacific Islander
1%
0.3%
Other
16%
12%