Lake Erie College

www.lec.edu

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2022 Undergraduate Tuition

$33,588

3% growth from 2021

2022 Average Net Price

$22,678

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

54.1%

1,085 Applicants

2022 Enrolled Students

906

79.1% Full-Time

2022 Graduation Rate

42%

92 Graduates

About

Lake Erie College is a higher education institution located in Lake County, OH. In 2022, the most popular Masters Degree concentrations at Lake Erie College were General Business Administration & Management (55 degrees awarded), Physician Assistant (26 degrees), and General Education (11 degrees).

In 2022, 256 degrees were awarded across all undergraduate and graduate programs at Lake Erie College. 58.6% of these degrees were awarded to women, and 41.4% awarded men. The most common race/ethnicity group of degree recipients was white (190 degrees), 6.79 times more than then the next closest race/ethnicity group, black or african american (28 degrees).

The median undergraduate tuition at Lake Erie College is $33,588, which is $9,592 more than the national average for Masters Colleges and Universities ($23,996).

In 2020 the default rate for borrower's at Lake Erie College was 0%, corresponding to 0 out of the 325 total borrowers.

Masters Colleges & Universities: Small Programs Masters Colleges and Universities

Costs

In 2022, the median undergraduate tuition at Lake Erie College is $33,588, which is $9,592 more than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $22,678.

In 2022, 85% of undergraduate students attending Lake Erie College received financial aid through grants. Comparatively, 60% of undergraduate students received financial aid through loans.

Tuition Costs

$33,588

2022 Undergraduate Tuition

In 2022, the cost of tuition at Lake Erie College was $33,588. The cost of tuition at Lake Erie College is $9,592 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

This chart compares the tuition costs of Lake Erie College (in red) with those of other similar universities.

Average Net Price

$22,678

2022 Value

6.24%

1 Year Growth

In 2022 Lake Erie College had an average net price — the price paid after factoring in grants and loans — of $22,678. Between 2021 and 2022, the average net price of Lake Erie College grew by 6.24%.

This chart compares the average net price of Lake Erie College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$12,947

Room and Board

$1,220

Books and Supplies

The average yearly cost of room and board at Lake Erie College was of $12,947 in 2022. The cost of room and board increased by 2.19% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,220. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Lake Erie College (in red) with that of similar universities.

Financial Aid by Income Level

85%

Undergraduates Receiving Financial Aid through Grants

60%

Undergraduates Receiving Financial Aid through Loans

85% of undergraduate students at Lake Erie College received financial aid through grants or loans in 2022. This represents a growth of 0% with respect to 2021, when 85% of undergraduate students received financial aid.

This chart compares the average award discount at Lake Erie College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Lake Erie College was 0%, which represents 0 out of the 325 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Lake Erie College received 1,085 undergraduate applications in 2022, which represents a 6.79% annual growth. Out of those 1,085 applicants, 587 students were accepted for enrollment, representing a 54.1% acceptance rate.

There were 906 students enrolled at Lake Erie College in 2022. 12% of first-time enrollees submitted SAT scores with their applications.

Lake Erie College has an overall enrollment yield of 38.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

54.1%

Acceptance Rate in 2022

587

Accepted Out of 1,085

In 2022, the undergraduate acceptance rate of Lake Erie College was 54.1% (587 admissions from 1,085 applications). This is lower than the acceptance rate of 2021, which was 54.7%. Between 2021 and 2022, the number of applicants declined by 6.79%, while admissions declined by 7.85%.

This chart compares the acceptance rate of Lake Erie College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

12%

Submission Percentage (2022)

Scores Submitted (2022)

12% of enrolled first-time students at Lake Erie College in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Lake Erie College had a total enrollment of 906 students in 2022. The full-time enrollment at Lake Erie College is 717 students and the part-time enrollment is 189. This means that 79.1% of students enrolled at Lake Erie College are enrolled full-time.

The enrolled student population at Lake Erie College, both undergraduate and graduate, is 65.3% White, 12.8% Black or African American, 6.84% Hispanic or Latino, 3.09% Two or More Races, 1.43% American Indian or Alaska Native, 0.993% Asian, and 0.221% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Erie College in full-time Undergraduate programs are most commonly White Male (32.5%), followed by White Female (31%) and Black or African American Male (12.8%). Students enrolled in full-time Graduate programs are most commonly White Female (54.9%), followed by White Male (21.1%) and Black or African American Male (5.63%).

Full-Time vs Part-Time Enrollment

79.1%

Full-Time Enrollment

The total enrollment at Lake Erie College in 2022, both undergraduate and graduate, is 906 students. The full-time enrollment at Lake Erie College is 717 and the part-time enrollment is 189. This means that 79.1% of students enrolled at Lake Erie College are enrolled full-time compared with 67.6% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Lake Erie College (in red) compares to similar universities.

Retention Rate over Time

66%

2022 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. The retention rate for full-time undergraduates at Lake Erie College was 66%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Lake Erie College had a retention rate lower than its peers.

This chart shows the retention rate over time at Lake Erie College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
592 enrolled students
Black or African American
116 enrolled students
Hispanic or Latino
62 enrolled students

The enrolled student population at Lake Erie College is 65.3% White, 12.8% Black or African American, 6.84% Hispanic or Latino, 3.09% Two or More Races, 1.43% American Indian or Alaska Native, 0.993% Asian, and 0.221% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 51.2% White, 17.3% Hispanic or Latino, and 13% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 51 students (5.63%) did not report their race.

Graduates

In 2022, 44 more women than men received degrees from Lake Erie College. The most common race/ethnicity group of degree recipients at Lake Erie College is white (190 degrees awarded). There were 6.79 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

The most common Masters Degree concentration at Lake Erie College is General Business Administration & Management (55 degrees awarded), followed by Physician Assistant (26 degrees) and General Education (11 degrees).

In 2022, the most specialized majors across all degree types at Lake Erie College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (12 degrees awarded), Education (51 degrees), and Business (99 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lake Erie College are Elementary & middle school teachers (1,850,723 people), Accountants & auditors (1,075,827 people), Other managers (870,459 people), Secondary school teachers (583,289 people), and Financial managers (533,621 people).

The most specialized majors at Lake Erie College in 2022 are Parks, Recreation, & Leisure (12 degrees awarded), Education (51 degrees), Business (99 degrees), History (3 degrees), and Psychology (15 degrees) (as of 2022).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake Erie College are Diagnostic medical sonographers, Surgeons, Magnetic resonance imaging technologists, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Lake Erie College are Parks, Recreation, & Leisure (12 degrees awarded), Education (51 degrees), Business (99 degrees), History (3 degrees), and Psychology (15 degrees) (as of 2022).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake Erie College are Elementary & secondary schools (3,556,922 people), Colleges, universities & professional schools, including junior colleges (751,380 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (620,314 people), Computer Systems Design (609,786 people), and Banking & related activities (540,086 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lake Erie College.

Most Common (2022)

General Business Administration & Management
22 degrees awarded
Early Childhood Education & Teaching
15 degrees awarded
General Psychology
15 degrees awarded

In 2022, the most common bachelors degree concentration at Lake Erie College was General Business Administration & Management with 22 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Lake Erie College according to their major.

Sex Breakdown for Common Majors

106

Degrees Awarded to Men

in 2022

150

Degrees Awarded to Women

in 2022

In 2022, 106 degrees were awarded to men at Lake Erie College, which is 0.707 times less than the number of degrees awarded to females (150).

This chart displays the sex disparity between the top 5 majors at Lake Erie College by degrees awarded.

Most Common Male Majors

In 2022, 43 degrees were awarded to men at Lake Erie College in General Business Administration & Management, which is 1.26 times more than the 34 female recipients with that same degree.

Most Common Female Majors

In 2022, 34 degrees were awarded to men at Lake Erie College in General Business Administration & Management, which is 0.791 times less than the 43 male recipients with that same degree.

Time to Complete

42%

100% Completion Time

48%

150% Completion Time

In 2022, 42% of students graduating from Lake Erie College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 48% completed their degrees within 150% of the normal time, and 49% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Lake Erie College is Female and Asian (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.17% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
190 degrees awarded
Black or African American
28 degrees awarded
Hispanic or Latino
15 degrees awarded

The most common race/ethnicity at Lake Erie College is white (190 degrees awarded). There were 6.79 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

3.52% of degree recipients (9 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
121 degrees awarded
White Male
69 degrees awarded
Black or African American Male
20 degrees awarded

The most common race/ethnicity and sex grouping at Lake Erie College is white female (121 degrees awarded). There were 1.75 times more white female recipients than the next closest race/ethnicity group, white male (69 degrees).

Operations

Lake Erie College has an endowment valued at nearly $33.5M, as of the end of the 2022 fiscal year. The return on its endowment was of −6.14M (−18.3%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Lake Erie College had a total salary expenditure of 24.4M. Lake Erie College employs 20 Assistant professors, 16 Associate professors and 10 Instructors. Most academics at Lake Erie College are Male Assistant professor (10), Female Assistant professor (10), and Female Associate professor (9).

The most common positions for non-instructional staff at Lake Erie College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 27 employees, Management, with 26 employees, and Natural Resources, Construction, and Maintenance with 11 employees.

Endowment

$33.5M

2022 Endowment

18%

decline from 2021

Lake Erie College has an endowment valued at about $33.5M, as of the end of the 2022 fiscal year. The endowment of Lake Erie College declined 18% from the previous year. The value of their endowment was $13M lower than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Lake Erie College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Small Programs Carnegie Classification grouping.

Salary Expenditure

$9.05M

2022 Salaries

2.13%

growth from 2021

In 2022, Lake Erie College paid a median of $9.05M in salaries, which represents 37% of their overall expenditure ($24.4M) and a 2.13% growth from the previous year. This is compared to a 0.617% growth between 2020 and 2021, and a 3.6% growth between 2019 and 2020.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$3.12M

Instructional Salaries

Number of Employees

In 2022, Lake Erie College paid a total of $3.12M to 57 employees working as instructors, which represents 34.5% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

Occupations by Share

Assistant professor

Most Common Instructor

20 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

27 Employees

In 2022, the most common positions for instructional staff at Lake Erie College were Assistant professor with 20 employees, Associate professor with 16 employees, and Instructor with 10 employees.

In 2022, the most common positions for non-instructional staff at Lake Erie College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 27 employees, Management with 26 employees, and Natural Resources, Construction, and Maintenance with 11 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Assistant professor
Female Assistant professor
Female Associate professor

In 2022, the most common demographic for instructional staff at Lake Erie College was Male Assistant professor with 10 employees, Female Assistant professor with 10 employees, and Female Associate professor with 9 employees.

This chart shows the sex split between each academic rank present at Lake Erie College.

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