CollegeTuitionData — College Data in Plain English

Lake Erie College

Painesville, OH 44077-3389 — Private Nonprofit

Value Score: 65/100 | ROI Score: -67 | Affordability Score: 55/100

Tuition (In-State): $37,634 | Out-of-State: $37,634

Acceptance Rate: 70.4% | Graduation Rate: 40.1% | Retention Rate: 59.4%

Median Earnings (10yr): $50,417 | Median Debt: $26,000

ACT Midpoint: 20

Student Body Size: 852 (small)

Pell Grant Recipients: 37.2% | Federal Loan Rate: 54.6%

Average Faculty Salary: $6,902/month

Tuition & Affordability Analysis

In-state tuition at Lake Erie College is $37,634 per year, which is 4% below the national average for private institutions.

Out-of-state students pay $37,634/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.

Estimated four-year tuition cost: $150,536 (tuition only, not including room, board, and fees).

What You Actually Pay: Net Price by Family Income

The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Lake Erie College:

  • Families earning $0–$30,000: $20,195/year
  • Families earning $30,001–$48,000: $19,575/year
  • Families earning $48,001–$75,000: $18,548/year
  • Families earning $75,001–$110,000: $23,205/year
  • Families earning $110,000+: $22,370/year

Low-income families receive an average discount of $17,439/year, paying just 54% of the sticker price.

Admissions Snapshot

Lake Erie College has an acceptance rate of 70.4%, placing it in the Less Selective (70–85%) category. This means roughly 303 students apply each year.

The ACT midpoint is 20, 5% below the national average.

Graduate Outcomes & Return on Investment

40.1% of students at Lake Erie College complete their degree, 35% below the national average. This is below average — prospective students should investigate support services and retention programs.

First-year retention rate: 59.4% (27% below the national average). A retention rate below 75% suggests some students struggle with fit, academics, or affordability.

Graduates of Lake Erie College earn a median salary of $50,417 ten years after enrollment, 23% above the national average. This represents a $15,417/year earnings premium over the average high school diploma holder, or $462,510 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $26,000, 21% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $282/month, with a total repayment of $33,840 (including $7,840 in interest).

Debt-to-Earnings Ratio: 0.52x. This is a healthy ratio, suggesting debt is manageable for most graduates.

Breakeven Point: Based on the earnings premium over high school graduates, a degree from Lake Erie College pays for itself in approximately 10 years. This is a reasonable investment timeline.

Financial Aid Profile

37.2% of students at Lake Erie College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 13% above the national average. This is near the national average, reflecting a typical economic diversity among the student body.

54.6% of students take federal loans, 16% above the national average. This is a moderate borrowing rate.

Average faculty salary: $6,902/month, 21% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

Lake Erie College enrolls 852 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.

Diversity Index: 61/100 (higher = more diverse). The campus has moderate diversity.

Student body composition: White 59%, Hispanic 4%, Black 21%, Asian 1%.

Lake Erie College: Small Private Institution with Moderate Tuition and Above-Average Earnings

Report Card: Overall Grade D+

Lake Erie College receives an overall grade of D+ based on six dimensions:

  • Academics: D
  • Value: F
  • Outcomes: C+
  • Affordability: B

College Analysis

Lake Erie College is a Private Nonprofit institution in Painesville, OH with approximately 852 students. Academics: Offers a range of programs including business, nursing, and liberal arts. Value: Moderate tuition with a relatively low median debt, but lower graduation rates. Outcomes: Graduates earn above-average salaries but have lower-than-average graduation rates.

The Verdict: Is Lake Erie College Worth It?

Lake Erie College presents a challenging value proposition, primarily due to its relatively high tuition and a median 10-year earning potential that falls below the national average for college graduates. With an in-state and out-of-state tuition of $37,634 and median 10-year earnings of $50,417, the immediate return on investment appears modest. The median debt of $26,000, while not excessively high, adds to the financial burden. A direct comparison shows that the annual earnings are only slightly higher than the annual tuition, suggesting a long payback period for the initial investment. The reported ROI score of -67 further underscores concerns about the financial return. While LEC offers specific strengths in programs like nursing and equestrian studies, which can lead to stable careers, the overall financial outlook suggests that students should carefully consider the cost versus potential earnings and explore all available financial aid options. It is not a clear 'good deal' and requires careful financial planning to justify the expense.

Return on Investment

While the degree from Lake Erie College is worth the cost in terms of earnings, the higher median debt may be a concern for some students.

Debt Reality Check

Median student debt at Lake Erie College: $26,000. Monthly payment on a standard 10-year plan: $295/month. Total repaid: $35,400 ($9,400 in interest).

Breakeven vs high school diploma: 1.3 years. Debt burden: Manageable. Salary needed for comfortable repayment: $35,400.

Strengths

  • Strong focus on practical and career-oriented programs.
  • Moderate tuition with a relatively low median debt.
  • Above-average earnings for graduates.

Weaknesses

  • Lower-than-average graduation rates.
  • Higher median debt compared to some peer institutions.

Academic Profile

ACT Midpoint: 20. Retention Rate: 59.4%.

Lake Erie College prides itself on providing a personalized academic experience, a hallmark of its private, liberal arts tradition. With a student body of around 850, the college fosters a low student-faculty ratio, allowing for individualized attention and mentorship. While specific faculty salary data isn't provided, the emphasis on a liberal arts education suggests a faculty dedicated to teaching and undergraduate engagement.

LEC offers a range of undergraduate programs, with particular strengths in its pre-professional tracks and unique offerings. The School of Natural Sciences and Health is robust, featuring popular programs like Nursing, which is a significant draw for many students seeking hands-on clinical experience. The School of Education is also a strong contender, preparing future educators for diverse roles. For those interested in the arts and humanities, departments like English, History, and Psychology offer solid foundations.

A standout feature is the College's commitment to experiential learning. Students are encouraged to participate in internships, research projects, and community service, often integrated into their coursework. The college's location provides opportunities for internships in the Cleveland metropolitan area, particularly in healthcare and education sectors. While specific research opportunities might be more faculty-driven, undergraduate involvement is typically encouraged through independent study and capstone projects.

Academic support is a priority at LEC. Resources like the Academic Success Center offer tutoring, writing assistance, and academic advising to help students navigate their coursework and develop effective study strategies. The college also provides opportunities for honors students to engage in advanced coursework and research. Study abroad programs, though perhaps not as extensive as at larger institutions, are available and encouraged to broaden students' global perspectives. The relatively small size of the college means that faculty are often accessible and invested in their students' academic journeys, creating an environment conducive to intellectual growth and exploration.

Financial Aid Guide for Lake Erie College

Pell Grant recipients: 37.2%. Students taking federal loans: 54.6%.

Navigating financial aid at Lake Erie College (LEC) requires understanding its commitment to making its private education accessible. As a private institution, LEC relies heavily on a combination of institutional aid, including merit-based scholarships and need-based grants, to support its students. The listed out-of-state tuition of $37,634 applies to all students, indicating that institutional aid plays a crucial role in bridging the gap between sticker price and actual cost for many families.

Merit scholarships are a significant component of LEC's aid packages. These are typically awarded based on academic achievement, such as GPA and, when considered, standardized test scores. While specific SAT/ACT data is not provided, prospective students should aim for strong academic profiles to maximize their chances of receiving these awards. These scholarships can range from a few thousand dollars to a substantial portion of tuition, significantly reducing the net cost of attendance.

Need-based aid is also available and is determined by the Free Application for Federal Student Aid (FAFSA). Families should complete the FAFSA as early as possible to be considered for federal grants (like Pell Grants, though the rate is not specified), federal loans, and state aid. LEC also offers its own institutional grants based on demonstrated financial need. Typical aid packages for students from lower to middle-income families often combine federal aid, state aid, and institutional grants and scholarships, aiming to make the college affordable. For example, a student with significant demonstrated need might receive a package totaling $20,000-$30,000 or more, covering a large percentage of tuition and fees.

Work-study opportunities are also available through federal programs, allowing students to earn money through part-time campus jobs. This can be a valuable way to offset living expenses. Scholarship tips include applying for external scholarships from community organizations, religious groups, and specific academic fields, as well as actively seeking out any specific scholarships offered by LEC that align with a student's background or interests.

Negotiating financial aid at private institutions like LEC can be realistic, especially if you have competing offers from similar institutions or if there has been a significant change in your family's financial circumstances. It's advisable to contact the financial aid office directly to discuss your situation and present any supporting documentation. Proactive communication and a well-reasoned case are key to a successful negotiation.

Hidden Costs at Lake Erie College

  • Room and board costs can add an estimated $10,000 - $15,000 per academic year, depending on the chosen meal plan and housing assignment.
  • Textbooks and course materials can range from $800 to $1,200 annually, with some specialized courses requiring more expensive resources.
  • Student activity fees, often around $200-$400 per semester, contribute to campus events, clubs, and organizations.
  • Transportation costs, including travel to and from campus for breaks and personal trips, can vary widely but budget at least $500-$1,000 per year.
  • Parking permits for students who bring cars to campus can cost $100-$300 annually.
  • Personal expenses, such as toiletries, laundry, snacks, and entertainment, can easily add up to $1,500 - $2,500 per year.
  • Health insurance, if not covered by a parent's plan, can add an estimated $2,000 - $4,000 annually for the college's student health plan.

Alumni Outcomes & Career Paths

Lake Erie College (LEC) graduates enter a diverse job market, with alumni often finding roles in healthcare, education, business, and animal-related fields, reflecting the college's program strengths. While specific major employer recruitment data for LEC is not publicly detailed, institutions of its size and type often see graduates placed in regional healthcare systems like Cleveland Clinic or University Hospitals, school districts within Northeast Ohio, and local businesses in sectors such as finance and retail. The college's strong emphasis on equestrian studies may lead graduates into roles within the horse industry, including stable management, training, or veterinary support roles. Graduate school placement rates are not explicitly published, but programs like psychology and education typically see a portion of graduates pursue advanced degrees. Career services at LEC aim to support students through resume building, interview preparation, and connecting them with internship and job opportunities. Internship pipelines are crucial, particularly for programs like nursing and equine studies, where practical experience is paramount. Graduates tend to find employment within a 100-mile radius of the Painesville campus, serving the greater Cleveland metropolitan area and surrounding communities in Ohio, though some may seek opportunities further afield in states with robust healthcare or equestrian industries.

Campus Life & Culture at Lake Erie College

Lake Erie College attracts a student body that values a supportive, close-knit environment and often has a strong interest in specific programs like nursing or equestrian studies. The student population tends to be primarily from Ohio, with a growing number of students from out-of-state seeking the college's unique offerings. Students who thrive here are often self-motivated, appreciate personalized attention from faculty, and are eager to engage in campus life beyond academics.

Lake Erie College (LEC) offers a close-knit campus community with a distinct equestrian focus that permeates much of the student experience. Nestled in Painesville, Ohio, the college provides a blend of traditional campus life with unique opportunities stemming from its strong equine programs. The 'vibe' at LEC is often described as friendly, supportive, and deeply connected, especially among students involved in the equestrian center.

Social life isn't dominated by large parties; instead, it revolves around smaller gatherings, campus events, and shared interests. The college hosts various activities throughout the year, from movie nights and game tournaments to cultural celebrations and academic lectures. Student organizations are a key component of campus life, offering avenues for involvement in everything from academic clubs and service groups to the popular equestrian teams and clubs.

Housing is primarily on-campus for first-year students, with options ranging from traditional residence halls to apartment-style living for upperclassmen. The college emphasizes a residential experience that fosters community and academic success. Dining services are integrated into campus life, with meal plans available for resident students, offering a central hub for students to connect.

While Greek life is not a prominent feature at LEC, the strong sense of community is fostered through other avenues. Athletics are present, though perhaps not the primary focus for all students, with teams competing in NCAA Division II. However, the undeniable heart of LEC's unique campus culture lies in its renowned equestrian facilities and programs. Students passionate about horses will find an unparalleled environment to pursue their sport and academic interests simultaneously, creating a specialized and dedicated community within the broader college.

The geographic location in Northeast Ohio provides access to outdoor activities and the cultural attractions of nearby Cleveland, offering students opportunities for internships, entertainment, and exploration beyond the immediate campus.

Campus Highlights

  • Renowned Equestrian Center: A major draw for students passionate about horses, offering top-tier facilities and programs.
  • Close-Knit Community: The relatively small size fosters strong relationships among students and faculty.
  • Personalized Attention: A low student-faculty ratio ensures individualized academic support and mentorship.
  • Liberal Arts Foundation: A strong emphasis on critical thinking, communication, and a broad understanding of the world.
  • Proximity to Cleveland: Offers access to internships, cultural events, and urban experiences.
  • Focus on Experiential Learning: Opportunities for internships, research, and community engagement are integrated into the curriculum.
  • Historic Campus Setting: Beautiful grounds and architecture contribute to a traditional college atmosphere.

Location & Regional Advantages

Located in Painesville, Ohio, Lake Erie College benefits from its position within the broader Cleveland metropolitan area, offering a blend of suburban tranquility and access to a significant economic hub. The local job market, while not as dynamic as a major metropolis, provides opportunities in healthcare, education, and manufacturing. Proximity to Cleveland (approximately 30 miles away) is a key advantage, granting students access to a larger pool of internships and job prospects with major employers like the Cleveland Clinic, University Hospitals, and various tech and manufacturing firms. The cost of living in Painesville and surrounding Lake County is generally lower than in major urban centers, making student budgets stretch further. Quality of life is characterized by a more relaxed pace, access to Lake Erie for recreation, and a community feel. While Northeast Ohio experiences distinct seasons, including cold winters, the region offers a stable environment. Safety is generally good in Painesville, contributing to a secure campus and community atmosphere. This location provides a solid foundation for students seeking careers in the region, particularly in healthcare and education, while offering a more affordable lifestyle compared to larger, more expensive cities.

How to Get Into Lake Erie College

Lake Erie College (LEC) employs a holistic review process, meaning they consider a range of factors beyond just grades and test scores. Given its admission rate of 70.4%, LEC is moderately selective, making a well-rounded application crucial. While Early Decision (ED) and Early Action (EA) options are typically available, their specific advantages at LEC are not explicitly detailed. However, applying ED can sometimes offer a slight edge due to demonstrated commitment, while EA allows for earlier notification without a binding commitment.

The admissions office likely values students who demonstrate a genuine interest in LEC's specific programs, particularly its strong equestrian offerings, and those who can contribute to the close-knit campus community. Strong essays that showcase personality, resilience, and a clear understanding of why LEC is a good fit are highly important. Topics that highlight leadership, overcoming challenges, or a passion for learning, especially related to fields LEC excels in, tend to resonate well.

While specific GPA and test score ranges are not provided, applicants should aim for a GPA of 3.0 or higher and present a solid academic record. For students who did submit scores, aiming for the average range of similar institutions would be beneficial. Demonstrated interest is often a factor; this can be shown through campus visits (virtual or in-person), attending information sessions, engaging with admissions counselors, and maintaining consistent communication.

Timeline Recommendations:

  • Fall of Senior Year: Begin researching programs, attend virtual or in-person information sessions, and start drafting your essay. Submit your application by the EA deadline (often November 1st) or the Regular Decision deadline (typically February 1st).
  • Winter: Complete the FAFSA and CSS Profile (if required) for financial aid by the priority deadlines (often March 1st).
  • Spring: Await admission decisions (typically by April 1st for RD) and financial aid packages. Visit campus again if possible to make your final decision.
  • May 1st: National college decision day; submit your enrollment deposit to secure your spot.

How Lake Erie College Compares to Similar Schools

Similar schools: Ursuline College, Notre Dame College, Baldwin Wallace University, John Carroll University

Advantages

  • Strong niche programs, particularly in equestrian studies and nursing, offering specialized career pathways.
  • Smaller class sizes and a more intimate learning environment due to its size.
  • Lower cost of living in the immediate Painesville area compared to some larger suburban university locations.

Disadvantages

  • Lower median earnings compared to many regional peers, indicating potentially less robust career placement or lower starting salaries.
  • A significantly lower graduation rate (40.1%) compared to most comparable institutions, raising questions about student retention and support.
  • Less brand recognition and a smaller alumni network compared to larger, more established universities in the Cleveland area.

Best For

  • Students looking for a high graduation rate may want to consider other institutions.
  • Those with a preference for larger campuses with more resources might find Lake Erie College less appealing.

Avoid If

  • Students with financial constraints may want to explore more affordable options with similar outcomes.
  • Those seeking a more diverse student body might prefer institutions with higher proportions of underrepresented groups.

Frequently Asked Questions about Lake Erie College

How much does it cost to attend Lake Erie College?

In-state tuition at Lake Erie College is $37,634 per year, and out-of-state tuition is $37,634 per year. The median student debt at graduation is $26,000.

What is the acceptance rate at Lake Erie College?

Lake Erie College has an acceptance rate of 70.4%.

What is the graduation rate at Lake Erie College?

Lake Erie College has a graduation rate of 40.1%.

How much do Lake Erie College graduates earn?

The median earnings for Lake Erie College graduates 10 years after enrollment is $50,417. With median debt of $26,000, graduates earn roughly 1.9x their debt level annually.

How big is Lake Erie College?

Lake Erie College has approximately 852 students and is classified as a small institution. It is located in Painesville, OH and is a Private Nonprofit institution.

Is Lake Erie College worth the cost?

Lake Erie College has an ROI score of -67 out of 100. With in-state tuition of $37,634 per year and median post-graduation earnings of $50,417, the data suggests the return on investment may be below average.

Where is Lake Erie College located?

Lake Erie College is located in Painesville, OH. It is a Private Nonprofit institution with approximately 852 students.

How much student debt do Lake Erie College graduates have?

The median student debt for Lake Erie College graduates is $26,000. With median earnings of $50,417 ten years after enrollment, graduates can expect a debt-to-income ratio of 52%.

Is Lake Erie College a good college?

Lake Erie College has a graduation rate of 40.1% and median post-graduation earnings of $50,417. 58.6% of students are white, with a significant minority of black students (21.5%).

How does Lake Erie College compare to similar colleges?

The college has a moderate admission rate of 70.4%, indicating it is selective but not highly competitive. Compared to peer institutions, Lake Erie College offers a similar tuition rate but with lower graduation rates and higher median debt.

What career prospects do Lake Erie College graduates have?

Graduates of Lake Erie College are well-positioned for careers in healthcare, business, and education, with above-average earnings.

What should prospective students know about Lake Erie College?

Lake Erie College is well-suited for students seeking a smaller, more personalized educational experience in a region with strong job prospects.

What makes Lake Erie College stand out?

Median earnings 10 years after graduation are above the national average for similar institutions.

What are the pros and cons of attending Lake Erie College?

The college has a small student body, which may offer more personalized attention.

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.