Precision Manufacturing Institute

www.gopmi.org

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2021 Undergraduate Tuition

$15,532

2021 Average Net Price

$18,530

After Financial Aid

2018 Default Rate

11.6%

on Student Loans

2021 Enrolled Students

100% Full-Time

About

Precision Manufacturing Institute is a higher education institution located in Crawford County, PA. In 2021, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Precision Manufacturing Institute were Computer Numerically Controlled (CNC) Machinist Technology (17 degrees awarded), Welding Technology (10 degrees), and Other Electromechanical, Instrumentation, & Maintenance Technology (9 degrees).

In 2021, 36 degrees were awarded across all undergraduate and graduate programs at Precision Manufacturing Institute. 16.7% of these degrees were awarded to women, and 83.3% awarded men. The most common race/ethnicity group of degree recipients was white (35 degrees), 35 times more than then the next closest race/ethnicity group, black or african american (1 degrees).

The median undergraduate tuition at Precision Manufacturing Institute is $15,532, which is $2,850 more than the national average for ($12,682).

In 2018 the default rate for borrower's at Precision Manufacturing Institute was 11.6%, corresponding to 5 out of the 43 total borrowers.

Not applicable, not in Carnegie universe (not accredited or nondegree-granting)Unknown

Costs

In 2021, the median undergraduate tuition at Precision Manufacturing Institute is $15,532

After taking grants and loans into account, the average net price for students is $18,530.

In 2021, 77% of undergraduate students attending Precision Manufacturing Institute received financial aid through grants. Comparatively, 47% of undergraduate students received financial aid through loans.

Tuition Costs

$15,532

2021 Undergraduate Tuition

In 2021, the cost of tuition at Precision Manufacturing Institute was $15,532.

This chart compares the tuition costs of Precision Manufacturing Institute (in red) with those of other similar universities.

Average Net Price

$18,530

2021 Value

8.72%

1 Year Growth

In 2021 Precision Manufacturing Institute had an average net price — the price paid after factoring in grants and loans — of $18,530. Between 2020 and 2021, the average net price of Precision Manufacturing Institute grew by 8.72%.

This chart compares the average net price of Precision Manufacturing Institute (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

$5,000

Room and Board

$2,000

Books and Supplies

The average yearly cost of room and board at Precision Manufacturing Institute was of $5,000 in 2021. The cost of room and board decreased by 16.7% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $2,000. The cost of books and supplies decreased by 5.88% during the same period.

This chart compares the average student costs at Precision Manufacturing Institute (in red) with that of similar universities.

Financial Aid by Income Level

77%

Undergraduates Receiving Financial Aid through Grants

47%

Undergraduates Receiving Financial Aid through Loans

77% of undergraduate students at Precision Manufacturing Institute received financial aid through grants or loans in 2021. This represents a decline of 20.6% with respect to 2020, when 97% of undergraduate students received financial aid.

This chart compares the average award discount at Precision Manufacturing Institute (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.

11.6%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Precision Manufacturing Institute was 11.6%, which represents 5 out of the 43 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.

Enrollment

Precision Manufacturing Institute had a total enrollment of 25 students in 2021. The full-time enrollment at Precision Manufacturing Institute is 25 students and the part-time enrollment is 0. This means that 100% of students enrolled at Precision Manufacturing Institute are enrolled full-time.

The enrolled student population at Precision Manufacturing Institute, both undergraduate and graduate, is 96% White and 4% American Indian or Alaska Native.

Students enrolled at Precision Manufacturing Institute in full-time Undergraduate programs are most commonly White Male (88%), followed by White Female (8%) and American Indian or Alaska Native Male (4%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Precision Manufacturing Institute in 2021, both undergraduate and graduate, is 25 students. The full-time enrollment at Precision Manufacturing Institute is 25 and the part-time enrollment is 0.

This chart shows the full-time vs part-time enrollment status at Precision Manufacturing Institute (in red) compares to similar universities.

Retention Rate over Time

65%

2021 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 Precision Manufacturing Institute was 65%.

This chart shows the retention rate over time at Precision Manufacturing Institute (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
24 enrolled students
American Indian or Alaska Native
1 enrolled students

The enrolled student population at Precision Manufacturing Institute is 96% White and 4% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates.

Graduates

In 2021, 24 fewer women than men received degrees from Precision Manufacturing Institute. The most common race/ethnicity group of degree recipients at Precision Manufacturing Institute is white (35 degrees awarded). There were 35 times more white recipients than the next closest race/ethnicity group, black or african american (1 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Precision Manufacturing Institute is Computer Numerically Controlled (CNC) Machinist Technology (17 degrees awarded), followed by Welding Technology (10 degrees) and Other Electromechanical, Instrumentation, & Maintenance Technology (9 degrees).

In 2021, the most specialized majors across all degree types at Precision Manufacturing Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Precision Production (27 degrees awarded) and Engineering Technologies (9 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 Precision Manufacturing Institute are Elementary & middle school teachers (2,639,335 people), Other managers (2,238,430 people), Registered nurses (1,850,364 people), Software developers (1,446,628 people), and Accountants & auditors (1,374,574 people).

The most specialized majors at Precision Manufacturing Institute in 2021 are Precision Production (27 degrees awarded) and Engineering Technologies (9 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Precision Manufacturing Institute are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Precision Manufacturing Institute are Precision Production (27 degrees awarded) and Engineering Technologies (9 degrees) (as of 2021).

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 Precision Manufacturing Institute are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Precision Manufacturing Institute are Precision Production (27 degrees awarded) and Engineering Technologies (9 degrees) (as of 2021).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Precision Manufacturing Institute.

Most Common (2021)

Computer Numerically Controlled (CNC) Machinist Technology
17 degrees awarded
Welding Technology
10 degrees awarded
Other Electromechanical, Instrumentation, & Maintenance Technology
9 degrees awarded

In 2021, the most common 1 to 2 year postsecondary certificate concentration at Precision Manufacturing Institute was Computer Numerically Controlled (CNC) Machinist Technology with 17 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Precision Manufacturing Institute according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 30 degrees were awarded to men at Precision Manufacturing Institute, which is 5 times more than the number of degrees awarded to females (6).

This chart displays the sex disparity between the top 5 majors at Precision Manufacturing Institute by degrees awarded.

Most Common Male Majors

In 2021, 14 degrees were awarded to men at Precision Manufacturing Institute in Computer Numerically Controlled (CNC) Machinist Technology, which is 4.67 times more than the 3 female recipients with that same degree.

Most Common Female Majors

In 2021, 3 degrees were awarded to men at Precision Manufacturing Institute in Welding Technology, which is 0.429 times less than the 7 male recipients with that same degree.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
35 degrees awarded
Black or African American
1 degrees awarded

The most common race/ethnicity at Precision Manufacturing Institute is white (35 degrees awarded). There were 35 times more white recipients than the next closest race/ethnicity group, black or african american (1 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
29 degrees awarded
White Female
6 degrees awarded
Black or African American Male
1 degrees awarded

The most common race/ethnicity and sex grouping at Precision Manufacturing Institute is white male (29 degrees awarded). There were 4.83 times more white male recipients than the next closest race/ethnicity group, white female (6 degrees).

Operations

Salary Expenditure

$512k

2021 Salaries

18.8%

growth from 2020

In 2021, Precision Manufacturing Institute paid a median of $512k in salaries, a 18.8% growth from the previous year. This is compared to a 16.8% decline between 2019 and 2020, and a 15.9% decline between 2018 and 2019.

The median for similar is 668k (13.2% of overall expenditures).

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