Lake Erie College
Painesville, OH 44077-3389
About Lake Erie College
Lake Erie College is a private research university in Painesville, Ohio, enrolling about 852 students. Admission is moderately selective for first-time degree-seeking undergraduates reporting admissions data to the Education Department. The acceptance rate is about 70.36% in the latest College Scorecard admissions data. Median earnings about ten years after entry reach about $50,417 among students who received federal aid.
Key findings
- Lake Erie College charges 28% above the national private non-profit median tuition ($37,634).
- Versus the Ohio median, sticker tuition is about 2.5×.
- Completion within 150% of normal time is 37.95%.
- Median earnings 10 years after entry are $50,417.
Research findings
Finding
Modeled return on investment at Lake Erie College is strong.
Estimated ROI reaches about 501% using Scorecard cost and 10-year earnings fields in this extract.
Interpretation: On this institution-wide model, typical graduate earnings over a decade substantially exceed estimated net education cost.
Limitation: ROI is institution-wide and not program-specific; individual outcomes vary by major, aid package, and labor market.
Cost benchmarks
| Benchmark | Median Tuition | Median Net Price | Count |
|---|---|---|---|
| Lake Erie College | $37,634 | $20,961 | 1 |
| Private Non-profit (national median) | $29,325 | — | 1,444 |
| Ohio (state median) | $15,202 | $12,090 | 154 |
| Rural (locale median) | $14,160 | $18,700 | 1,649 |
| United States (national median) | $11,900 | $17,156 | — |
Compares this campus to school-type, state, and locale medians plus a U.S. national median (College Scorecard–derived). Locale groups campuses by NCES locale type; state tuition is the median published tuition among campuses in that state.
Average net price is 44% below published tuition at Lake Erie College
Key findings
- Lake Erie College's average net price ($20,961) is 44% below published tuition ($37,634).
- Lake Erie College charges 28% above the national private non-profit median tuition ($37,634).
- Versus the Ohio median, sticker tuition is about 2.5×.
Lake Erie College tuition
Published undergraduate tuition $37,634
Finding Lake Erie College charges 28% above the national private non-profit median tuition.
Evidence Published tuition is $37,634. That is 28% above the national private non-profit median ($29,325). Versus the Ohio median ($15,202), sticker tuition is about 2.5×. Versus the U.S. median ($11,900), sticker is about 3.2×.
Method Sticker tuition compared with Scorecard-derived medians by ownership, state, locale, and national rollups when available.
Interpretation Published tuition measures sticker price relative to private non-profit and geographic peers; it does not equal what undergraduates typically pay after aid.
Limitation Sticker comparisons omit room, board, and institutional aid; average net price and income-band net prices are the stronger signals of typical family cost.
Evidence: published tuition at Lake Erie College versus school-type, state, locale, and U.S. medians.
Evidence: average net price at Lake Erie College versus state, locale, and U.S. medians.
What undergraduates typically pay
Finding Average net price at Lake Erie College is $20,961.
Evidence College Scorecard average net price is $20,961 (cost of attendance minus average grant aid for aided undergraduates). That is about $8,872 above the Ohio median net price. Versus rural campuses, net price runs $2,261 above the locale median.
Method Average net price from College Scorecard; compared with state, locale, and U.S. medians from EDsmart aggregates.
Interpretation Average net price is a stronger institutional cost signal than published tuition because it incorporates grant aid.
Limitation The campus average masks large differences by household income; income-band net prices can diverge sharply from the overall average.
Key takeaway Lake Erie College’s published tuition substantially overstates typical undergraduate cost: average net price is about 44% lower after grants and scholarships.
Lake Erie College: research record
Canonical EDsmart Data findings for Lake Erie College—costs, outcomes, admissions, and programs—with evidence and methodology notes.
Research findings
Interpretation
The combination of completion and 10-year earnings is a multidimensional outcomes signal; it does not measure educational quality by itself.
Financial profile
Annual tuition
$37,634
Avg. net price
$20,961
Net price by family income
| Income bracket | Avg. annual net price |
|---|---|
| $0–$30,000 | $20,195 |
| $30,001–$48,000 | $19,575 |
| $48,001–$75,000 | $18,548 |
| $75,001–$110,000 | $23,205 |
| $110,001+ | $22,370 |
Sticker tuition × four years (estimate, no room/board): $150,536. See cost investigation.
Student outcomes
Share of first-year students returning the following fall.
Graduation rate and 10-year earnings are in the hero strip above; see Graduates for more.
What Lake Erie College is known for
Top program completions
- Business Administration and Management, General76
- Physician Associate/Assistant25
- Early Childhood Education & Teaching14
- Accounting13
- Biology/Biological Sciences, General11
See earnings & programs for more.
Admissions landscape
- Broad access — most applicants are admitted.
- Yield: 24% of admitted students enrolled.
- Average SAT: 1114
- Midpoint ACT: 20
See Admissions for the full funnel.
Is Lake Erie College a good school?
Data-framed fit—not a prestige rating.
Lake Erie College is a good school for those looking for strong completion alongside solid mid-career earnings.
EDsmart Data does not assign an opinion score; this framing summarizes the strongest Scorecard signals for this campus.
More from the data
Location, control, enrollment, and aid context for Lake Erie College.
Campus
Location
Painesville, OH
City / state
- ZIP
- 44077-3389
- NCES locale
- Rural fringe
Compared with Rural campuses nationally, net price is 12% above the median for Rural campuses ($18,700 median).
Control
Institution type
Private Non-profit
Control
- Region
- Great Lakes
- Carnegie
- Baccalaureate Colleges: Arts & Sciences Focus
Size
Enrollment
852
Total enrollment
- Undergraduate
- 1,103
- Graduate
- 167
- Full-time share
- 99%
Student aid
Debt & aid
$26,000
Median federal loan debt
- Pell grant share
- 37.23%
Total Cost, Aid & Default
Total Cost of Attendance
Tuition vs average net price after aid for Lake Erie College.
Financial Aid by Income Level
Financial aid distribution by income level.
Student Loan Default Rate
The published 3-year cohort default rate for borrowers at Lake Erie College was 0.00%.
Cohort default rates account for borrowers who default in the first three years.
Tuition tracker
Published tuition and average net price by reporting year come from the College Scorecard institution file. Values are not adjusted for inflation; missing cells mean the field was not reported or was suppressed for Lake Erie College in that year.
Reporting years in the table below: 2013–2023 (Scorecard labels refer to the institutional submission cycle).
| Year | In-state tuition & fees | Out-of-state tuition & fees | Average net price |
|---|---|---|---|
| 2013 | $27,368 | $27,368 | $19,596 |
| 2014 | $28,354 | $28,354 | $20,005 |
| 2015 | $29,162 | $29,162 | $20,479 |
| 2016 | $29,960 | $29,960 | $21,244 |
| 2017 | $30,862 | $30,862 | $19,160 |
| 2018 | $31,422 | $31,422 | $19,985 |
| 2019 | $32,322 | $32,322 | $20,261 |
| 2020 | $33,172 | $33,172 | $21,000 |
| 2021 | $34,046 | $34,046 | $21,216 |
| 2022 | $35,024 | $35,024 | $21,592 |
| 2023 | $36,032 | $36,032 | $21,296 |
Sticker tuition and net price over time
Where the institution reported separate in-state and out-of-state tuition, both appear. Gaps mean the value was not reported for that year.
College Scorecard reporting-year fields (not inflation-adjusted).
Net price by family income
Brackets follow Scorecard definitions for the series shown (public vs private institution).
Latest income-band net prices available in the processed extract.
How difficult is it to get in?
Acceptance Rate
This institution has a moderate acceptance rate, accepting most qualified applicants.
Applicants → admits → first-time enrollment from College Scorecard / IPEDS. Bar widths are scaled for readability at highly selective schools.
Test Scores
Average 1114 (middle 50% not reported)
Midpoint 20 (middle 50% not reported)
Scores for enrollees who submitted tests (College Scorecard).
Academic Requirements
Estimated from admission selectivity and test scores. Scorecard does not publish admitted-student GPA for most institutions.
Estimated range · median 3.20
Estimated GPA band from selectivity and test scores — not an official requirement.
Enrollment & Student Demographics
Lake Erie College reported total enrollment of about 852 students in the latest College Scorecard extract. The student body is about 48% male and 52% female. Enrollment by race and ethnicity includes White (58.6%), Black or African American (21.5%), and Race/ethnicity unknown (8.7%). About 37.23% of undergraduates receive Pell Grants. Roughly 32.7% of students are first-generation college students.
Full-Time vs Part-Time Enrollment
99.2% Full-Time Enrollment
The total enrollment at Lake Erie College in 2024 is 852 students.
Undergraduate enrollment is about 1,103 students. Graduate enrollment is about 167 students.
Full-time vs part-time enrollment comparison.
Retention Rate over Time
59.4%
2024 Retention Rate
Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall.
Retention rate over time compared to similar institutions.
Enrollment by Race & Ethnicity
Largest share of total enrollment in our College Scorecard extract.
College Scorecard student demographics (total enrollment shares).
Do students complete their programs?
Time to Complete
29.74% 100% Completion Time
37.95% 150% Completion Time
In 2024, 29.74% of students graduating from Lake Erie College completed their program within 100% "normal time".
Completion rates over time compared to similar institutions.
Completions by Sex (Top Programs)
- Business Administration and Management, General: 63% male / 37% female
- Physician Associate/Assistant: 16% male / 84% female
- Early Childhood Education & Teaching: 0% male / 100% female
IPEDS completions by sex for the five largest programs (aggregate CIPs excluded).
Completions by Race & Ethnicity
Largest group by summed IPEDS award counts across reported programs.
Summed across program completion records in our extract.
Lake Erie College graduates earn a median of $50,417 ten years after entry
Finding Earnings, debt, and program mix define the financial profile of Lake Erie College.
Evidence Median earnings 10 years after entry: $50,417. Median federal loan debt: $26,000. Average net price used in cost models: $20,961.
Method College Scorecard median earnings (10-year), median debt, and EDsmart ROI / payback models using campus net price.
Interpretation Institution-wide ROI and debt ratios summarize campus averages; program choice still drives individual outcomes.
Limitation Salary reflects median earnings ten years after entry; ROI is not program-specific.
Key takeaway Lake Erie College graduates report median earnings of $50,417 ten years after entry—an institution-wide outcomes signal, not a program guarantee.
Return on Investment
Debt and 4-year net cost vs. cumulative 10-year median earnings for Lake Erie College.
Top Programs by Completions
Largest 10 programs by IPEDS completions (33 reported codes; aggregate/unknown CIP buckets excluded).
IPEDS award counts for the largest programs at Lake Erie College.
Employment Outcomes
Median earnings 6, 8, and 10 years after entry for Lake Erie College graduates.
How financially powerful is this institution?
Finding: federal finance and Scorecard instructional fields for Lake Erie College—endowment assets (fiscal year 2023), instructional staffing and expenditure. Compared with state, regional, and U.S. medians from EDsmart Data institutional financials.
Institutional endowment
$33.5M
End-of-year assets · Fiscal year 2023
- Ohio median 1.4× the median ($24.2M)
- Great Lakes median 1.1× the median ($31.8M)
- U.S. median 1.3× the median ($26.4M)
- Ohio median 2.5× the median ($15,287)
- Great Lakes median 2.3× the median ($16,690)
- U.S. median 3.2× the median ($12,100)
Instructional Resources
- Full-time faculty share: 50.5%
- Ohio median 4.3 pp below median (54.9%)
- Great Lakes median 7.5 pp below median (58.1%)
- U.S. median 7.4 pp below median (58.0%)
- Average faculty salary (monthly): $6,902
- Ohio median 0.92× the median ($7,463)
- Great Lakes median 0.86× the median ($8,046)
- U.S. median 0.91× the median ($7,615)
- Instructional expenditure per FTE: $5,968
- Ohio median 0.78× the median ($7,640)
- Great Lakes median 0.78× the median ($7,690)
- U.S. median 0.82× the median ($7,288)
Instructional metrics from College Scorecard. Peer medians are campus-level; see the institutional financials deep dive. Detailed non-instructional staff counts are not included here.
Lake Erie College at a glance
Lake Erie College
Lake Erie College is a private non-profit institution in Painesville, OH, classified as Baccalaureate Colleges: Arts & Sciences Focus.
- Largest programs (IPEDS awards)
- Business Administration and Management, GeneralPhysician Associate/AssistantEarly Childhood Education & Teaching
- Largest enrollment groups
- White or Caucasian58.6%Black or African American21.5%Race/ethnicity unknown8.7%
Schools near Lake Erie College
Other campuses in Painesville, OH when available, plus nearby institutions in Ohio.
Similar schools
Peers matched by the same EDsmart outcomes grade (Grade D) within Ohio, then by similar ownership and admissions.
Frequently Asked Questions
Where is Lake Erie College located?
Lake Erie College is located in Painesville, OH.
What is Lake Erie College's acceptance rate?
The acceptance rate at Lake Erie College is 70.4% among first-time degree-seeking students reporting admissions data. IPEDS reports 1,193 applicants and 765 admits in the latest admissions cycle in our extract.
What is Lake Erie College's tuition?
Lake Erie College tuition (published undergraduate sticker price) is $37,634 in the latest College Scorecard data. Average net price after grant aid is $20,961 for undergraduates receiving Title IV aid.
How much does Lake Erie College cost?
Reported tuition is $37,634 and average net price is $20,961 in the latest College Scorecard data. On-campus room and board is estimated at $13,036 annually.
Why is Lake Erie College's net price so much lower than tuition?
At Lake Erie College, published tuition is $37,634 while average net price is $20,961—about 44% lower. Average net price subtracts grant and scholarship aid from cost of attendance for undergraduates receiving Title IV aid (College Scorecard). Institutional aid therefore compresses sticker price into a lower typical undergraduate cost signal. The campus average still masks large differences by household income; income-band net prices can diverge sharply from the overall average. EDsmart Data treats the sticker–net gap as an analytical finding, not advice about individual aid offers.
What explains Lake Erie College's return on investment in EDsmart Data?
EDsmart Data models ROI using campus average net price ($20,961), completion (38.0% within 150% of normal time where reported), and median earnings ten years after entry ($50,417). High completion and strong mid-career earnings relative to net cost raise modeled ROI; the estimate is institution-wide and not program-specific. Debt-to-earnings ratios, when available, further contextualize borrowing pressure. Limitations include suppressed fields, program mix, and labor-market variation over time.
What is the student body demographics at Lake Erie College?
Lake Erie College reports undergraduate enrollment of about 1,103 students, White (58.6%), Black or African American (21.5%) in federal College Scorecard data.
How many first-generation students attend Lake Erie College?
About 32.7% of students at Lake Erie College are first-generation college students.
What test scores do students need for Lake Erie College?
Among enrolled students who submitted scores, Lake Erie College reports midpoint SAT about 1114 and midpoint ACT about 20.
What do graduates of Lake Erie College earn?
Median earnings are $43,959 six years after entry and $50,417 ten years after entry.
What is the graduation rate at Lake Erie College?
The 150%-time completion rate is 38.0% for the cohort reported to the College Scorecard.
How much debt do Lake Erie College students have?
Median federal loan debt among completers is $26,000.
Data Sources
This page uses data from the following sources:
- College Scorecard - U.S. Department of Education
- Institutional characteristics, costs, completion rates, and earnings data
- Data years: 2015-2024
- Source: collegescorecard.ed.gov
- Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
- Employment and wage data by occupation
- Latest data: May 2024
- Source: bls.gov/oes
- O*NET Online - U.S. Department of Labor
- Occupational skills, knowledge, abilities, and work activities
- Database version: 28.0 (August 2023)
- Source: onetcenter.org
- IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
- Institutional data, completions, enrollment, and financial aid
- Data years: 2015-2024
- Source: nces.ed.gov/ipeds
- Census Bureau American Community Survey (ACS)
- Demographic and workforce data
- Latest data: 2023 ACS 5-Year Estimates
- Source: census.gov/acs
- Related geography & profiles
Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.
Last Updated: Data reflects the most recent available information as of January 2025.
Methodology & Data Scope
This profile uses institution-level fields from the U.S. Department of Education College Scorecard, merged with IPEDS directory attributes where needed for locale, ownership, and program completions.
Benchmark rows compare this campus to NCES locale-type medians (for example Suburban) from our processed location extract. Implied U.S. medians are derived from locale-vs-national percentage fields in that extract—not a separate national Scorecard table.