Lake Erie College: Is It Worth It?
Painesville, Ohio · Private Nonprofit · Website
ROI Score
5.0
Net Price/Year
$20,961
avg with financial aid
10yr Earnings
$50,417
median, all graduates
Median Debt
$26,000
at graduation
Is Lake Erie College Worth It?
Graduates earn a median of $50,417 per year ten years after enrollment. With an average net price of $20,961 per year, the total estimated cost for a four-year degree is approximately $83,844.
Based on median earnings, the degree typically pays for itself in approximately 1.7 years.
The median graduate leaves with $26,000 in debt, which represents about 52%of one year's earnings at the 10-year mark.
Note: These figures reflect all graduates regardless of major. Individual outcomes vary significantly by field of study, career choices, and personal circumstances.
Earnings vs. Debt
Net Price by Family Income
Admissions Snapshot
Acceptance Rate
70.4%
Avg SAT
N/A
ACT Midpoint
20
Enrollment
852
Completion & Retention
6-Year Graduation Rate
40.1%
National avg: ~60%
Retention Rate
59.4%
First-year students returning
3yr Repayment Rate
54400.0%
Grads making progress on loans
Cost Breakdown
In-State Tuition
$37,634
Out-of-State Tuition
$37,634
Avg Net Price
$20,961
After grants/scholarships
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Frequently Asked Questions
Is Lake Erie College worth the money?
Based on federal data, Lake Erie College graduates earn a median of $50,417 ten years after enrollment, with a median debt of $26,000 at graduation. The ROI score is 5.0.
What do Lake Erie College graduates earn?
The median earnings for Lake Erie College graduates is $43,959 six years after enrollment and $50,417 ten years after enrollment, according to the College Scorecard.
What is the acceptance rate at Lake Erie College?
The acceptance rate at Lake Erie College is 70.4%.
How much debt do Lake Erie College graduates have?
The median debt at graduation for Lake Erie College students is $26,000.
Data source: U.S. Department of Education College Scorecard. Earnings data reflects median earnings 10 years after enrollment for all graduates. Debt figures reflect median debt at graduation for completers. Individual outcomes may vary.