Erie Institute of Technology Inc

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2017 Undergraduate Tuition

$12,528

0% growth from 2016

2017 Average Net Price

$8,845

After Financial Aid

2016 Student Loan

10.6%

Default Rate

2017 Enrolled Students

295

100% Full-Time

2017 Graduation Rate

65%

52 Graduates

About

Erie Institute of Technology Inc is a higher education institution located in Erie County, PA. In 2016, the most popular Bachelor's Degree concentrations at Erie Institute of Technology Inc were .

In 2017, 211 degrees were awarded across all undergraduate and graduate programs at Erie Institute of Technology Inc. 7.11% of these degrees were awarded to women, and 92.9% awarded men. The majority of degree recipients were white (193 degrees), 27.6 times more than then the next closest race/ethnicity group, black or african american (7 degrees).

The median undergraduate tuition at Erie Institute of Technology Inc is $12,528, which is $-1,472 less than the national average for Special Focus Institutions ($14,000).

Special Focus Two-Year: Technical Professions Special Focus Institutions

Costs

The median undergraduate tuition at Erie Institute of Technology Inc is $12,528, which is $-1,472 less than the national average for Special Focus Institutions ($14,000).

After taking grants and loans into account, the average net price for students is $8,845.

In 2017, 97% of undergraduate students received federal grants, while 35% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$12,528

2017 Undergraduate Tuition

In 2017, the cost of tuition at Erie Institute of Technology Inc was $12,528. The cost of tuition at Erie Institute of Technology Inc is $-1,472 less than than the overall (public and private) national average for Special Focus Institutions ($14,000).

This chart compares the tuition costs of Erie Institute of Technology Inc (in red) with those of other similar universities.

Average Net Price

$8,845

2017 Value

41.7%

1 Year Growth

In 2017 Erie Institute of Technology Inc had an average net price — the price paid after factoring in grants and loans — of $8,845. Between 2016 and 2017, the average net price of Erie Institute of Technology Inc grew by 41.7%.

This chart compares the average net price of Erie Institute of Technology Inc (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

$7,065

Room and Board

$1,500

Books and Supplies

The average yearly cost of room and board at Erie Institute of Technology Inc was of $7,065 in 2017. During the same period, the average yearly cost of books and supplies was $1,500. The cost of room and board did not change between 2016 and 2017. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Erie Institute of Technology Inc (in red) with that of similar universities.

Financial Aid

Financial Aid by Income Level

97%

Of Undergraduates Receive Grants

35%

Of Undergraduates Receive Federal Loans

97% of undergraduate students at Erie Institute of Technology Inc received grants or loans in 2017. This represents a growth of 7.78% with respect to 2016, when 90% of undergraduate students received financial aid.

This chart compares the average award discount at Erie Institute of Technology Inc (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.

10.6%

2016 Default Rate

Number of Defaults

In 2016 the default rate for borrower's at Erie Institute of Technology Inc was 10.6%, which represents 16 out of the 151 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

Erie Institute of Technology Inc has a total enrollment of 295 students. The full-time enrollment at Erie Institute of Technology Inc is 295 students and the part-time enrollment is 0. This means that 100% of students enrolled at Erie Institute of Technology Inc are enrolled full-time.

The enrolled student population at Erie Institute of Technology Inc, both undergraduate and graduate, is 89.8% White, 4.41% Black or African American, 1.69% Asian, 1.36% Hispanic or Latino, 1.02% Two or More Races, 0.678% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Erie Institute of Technology Inc in full-time Undergraduate programs are majority White Male (83.7%), followed by White Female (6.1%) and Black or African American Male (3.39%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Erie Institute of Technology Inc, both undergraduate and graduate, is 295 students. The full-time enrollment at Erie Institute of Technology Inc is 295 and the part-time enrollment is 0. This means that 100% of students enrolled at Erie Institute of Technology Inc are enrolled full-time compared with 71.1% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Erie Institute of Technology Inc (in red) compares to similar universities.

Retention Rate over Time

85%

2017 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 Erie Institute of Technology Inc was 85%. Compared with the full-time retention rate at similar Special Focus Institutions (71%), Erie Institute of Technology Inc had a retention rate higher than its peers.

This chart shows the retention rate over time at Erie Institute of Technology Inc (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
265
Black or African American
13
Asian
5

The enrolled student population at Erie Institute of Technology Inc is 89.8% White, 4.41% Black or African American, 1.69% Asian, 1.36% Hispanic or Latino, 1.02% Two or More Races, 0.678% American Indian or Alaska Native, and 0% 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 Special Focus Institutions is 44.7% White, 15.6% Hispanic or Latino, and 15.5% Black or African American.

Graduates

In 2017, 181 fewer women than men received degrees from Erie Institute of Technology Inc. The majority of degree recipients at Erie Institute of Technology Inc are white (193 degrees awarded). There were 27.6 times more white graduates than the next closest race/ethnicity group, black or african american (7 degrees).

The most common Bachelor's Degree concentration at Erie Institute of Technology Inc is N/A, followed by N/A and N/A.

The most specialized majors across all degree types at Erie Institute of Technology Inc, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering Technologies (173 degrees awarded) and Computer and Information Sciences and Support Services (38 degrees).

Workforce

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Erie Institute of Technology Inc are Software developers (427,971 people), Computer occupations, all other (127,216 people), Computer programmers (115,467 people), Other managers (114,688 people), and Computer & information systems managers (102,720 people).

The most specialized majors at Erie Institute of Technology Inc are Engineering Technologies (173 degrees awarded) and Computer and Information Sciences and Support Services (38 degrees).

Highest Paying Jobs by Major

Physicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Erie Institute of Technology Inc are Physicians, Magnetic resonance imaging technologists, Marketing managers, Diagnostic medical sonographers, and Architectural & engineering managers

The most specialized majors at Erie Institute of Technology Inc are Engineering Technologies (173 degrees awarded) and Computer and Information Sciences and Support Services (38 degrees).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Erie Institute of Technology Inc are Computer Systems Design (491,180 people), Colleges, universities & professional schools, including junior colleges (81,315 people), Management, scientific & technical consulting services (74,559 people), Banking & related activities (69,945 people), and Insurance carriers (68,029 people).

The most specialized majors at Erie Institute of Technology Inc are Engineering Technologies (173 degrees awarded) and Computer and Information Sciences and Support Services (38 degrees).

Degrees

Majors Awarded

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

Most Common

N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded

In false, the most common bachelors degree concentration at Erie Institute of Technology Inc was N/A with N/A degree-majorss awarded.

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

Gender Breakdown for Common Majors

Degrees Awarded to Men

In 2017, 196 degrees were awarded to men at Erie Institute of Technology Inc, which is 13.1 times more than the number of degrees awarded to females (15).

This chart displays the gender disparity between the top 5 majors at Erie Institute of Technology Inc by degrees awarded.

Most Common Male Majors

In false, 142 degrees were awarded to men at Erie Institute of Technology Inc in Manufacturing Engineering Technology, which is 23.7 times more than the 6 female recipients with that same degree.

Most Common Female Majors

In false, 6 degrees were awarded to women at Erie Institute of Technology Inc in General Computer & Information Sciences, which is 0.188 times less than the 32 male recipients with that same degree.

Time to Complete

54%

100% Completion Time

63%

150% Completion Time

In 2017, 54% of students graduating from Erie Institute of Technology Inc completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 63% completed their degrees within 150% of the normal time, and 63% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Erie Institute of Technology Inc is Male and Hispanic or Latino (100% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (68.1%).

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, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
193 degrees awarded
Black or African American
7 degrees awarded
Hispanic or Latino
6 degrees awarded

The most common race/ethnicity at Erie Institute of Technology Inc is white (193 degrees awarded). There were 27.6 times more white recipients than the next closest race/ethnicity group, black or african american (7 degrees).

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

Race & Ethnicity by Gender

Most Common Gender Demographic

White Male
182 degrees awarded
White Female
11 degrees awarded
Black or African American Male
7 degrees awarded

The most common race/ethnicity and gender grouping at Erie Institute of Technology Inc is white male (182 degrees awarded). There were 16.5 times more white male recipients than the next closest race/ethnicity group, white female (11 degrees).

Operations

Erie Institute of Technology Inc has an endowment valued at nearly $N/A, as of the end of the 2017 fiscal year. The return on its endowment was of $0 (NaNN%), compared to the 2.38% average return ($240k on $10.1M) across all Special Focus Institutions.

In 2017, Erie Institute of Technology Inc had a total salary expenditure of $5M. Erie Institute of Technology Inc employs 16 No academic ranks, 0 N/A, and 0 N/A. Most academics at Erie Institute of Technology Inc are Male No academic ranks (15), Female No academic ranks(1), and N/A (0).

The most common positions for non-instructional staff at Erie Institute of Technology Inc are: Office and Administrative Support, with 8 employees, Management, with 2 employees, and Business and Financial Operations with 1 employees.

Finances

Endowment

$N/A

2017 Endowment

growth from 2016

Erie Institute of Technology Inc has an endowment valued at about $N/A, as of the end of the 2017 fiscal year. The endowment of Erie Institute of Technology Inc stayed 0% from the previous year. The value of their endowment was $NaNM approximately the same as than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Two-Year: Technical Professions Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$3.28M - Federal
$702k - State
$0 - Local

As of 2017, Erie Institute of Technology Inc received $3.28M in grants and contracts from the federal government, $702k from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$2.41M

2017 Salaries

28.8%

growth from 2016

In 2017, Erie Institute of Technology Inc paid a median of $2.41M in salaries, which represents 48.2% of their overall expenditure ($5M) and a 28.8% growth from the previous year. This is compared to a 9.02% growth from 2015 and a 3.07% growth from 2014.

The median for similar Special Focus Institutions is 2.59M (39.4% of overall expenditures).

Instructional Salaries

$760k

Instructional Salaries

Number of Employees

In 2017, Erie Institute of Technology Inc paid a total of $760k to 16 employees working as instructors, which represents 31.5% of all salaries paid.

This is compared to a median of $727k (28.1%) for similar Special Focus Institutions.

Faculty and Staff

Occupations by Share

No academic rank

Most Common Instructor

16 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

8 Employees

In 2017, the most common positions for instructional staff at Erie Institute of Technology Inc were No academic rank with 16 employees; false with 0 employees; and false with 0 employees.

In 2017, the most common positions for non-instructional staff at Erie Institute of Technology Inc were Office and Administrative Support with 8 employees; Management with 2 employees; and Business and Financial Operations with 1 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male No academic rank
Female No academic rank
false

In 2017, the most common demographic for instructional staff at Erie Institute of Technology Inc was Male No academic rank with 15 employees, Female No academic rank with 1 employees, and false with 0 employees.

This chart shows the gender split between each academic rank present at Erie Institute of Technology Inc.

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