Lake Erie College

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2017 Undergraduate Tuition
$29,426
3% growth from 2016
2017 Average Net Price
$19,453
After Financial Aid
2016 Student Loan
8.07%
Default Rate
2017 Acceptance Rate
60.4%
1,651 Applicants
2017 Enrolled Students
1,176
68.1% Full-Time
2017 Graduation Rate
46.4%
97 Graduates

About

Lake Erie College is a higher education institution located in Lake County, OH. In 2016, the most popular Bachelor's Degree concentrations at Lake Erie College were General Biological Sciences (30 degrees awarded), General Business Administration & Management (17 degrees), and Accounting (13 degrees).

In 2017, 277 degrees were awarded across all undergraduate and graduate programs at Lake Erie College. 52% of these degrees were awarded to women, and 48% awarded men. The majority of degree recipients were white (224 degrees), 9.33 times more than then the next closest race/ethnicity group, black or african american (24 degrees).

The median undergraduate tuition at Lake Erie College is $29,426, which is $8,693 more than the national average for Masters Colleges and Universities ($20,733).

Costs

The median undergraduate tuition at Lake Erie College is $29,426, which is $8,693 more than the national average for Masters Colleges and Universities ($20,733).

After taking grants and loans into account, the average net price for students is $19,453.

In 2017, 75% of undergraduate students received federal grants, while 59% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$29,426
2017 Undergraduate Tuition

In 2017, the cost of tuition at Lake Erie College was $29,426. The cost of tuition at Lake Erie College is $8,693 more than than the overall (public and private) national average for Masters Colleges and Universities ($20,733).

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

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Average Net Price

$19,453
2017 Value
9.61%
1 Year Growth

In 2017 Lake Erie College had an average net price — the price paid after factoring in grants and loans — of $19,453. Between 2016 and 2017, the average net price of Lake Erie College grew by 9.61%.

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.

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Other Student Expenses

$7,724
Room and Board
$1,100
Books and Supplies

The average yearly cost of room and board at Lake Erie College was of $7,724 in 2017. During the same period, the average yearly cost of books and supplies was $1,100. The cost of room and board increased by 0.612% between 2016 and 2017. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

75%
Of Undergraduates Receive Grants
59%
Of Undergraduates Receive Federal Loans

75% of undergraduate students at Lake Erie College received grants or loans in 2017. This represents a decline of 3.85% with respect to 2016, when 78% 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.

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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.
8.07%
2016 Default Rate
23
Number of Defaults

In 2016 the default rate for borrower's at Lake Erie College was 8.07%, which represents 23 out of the 285 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.

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Admissions

Lake Erie College received 1,651 undergraduate applications in 2017, which represents a 11.2% annual growth. Out of those 1,651 applicants, 998 students were accepted for enrollment, representing a 60.4% acceptance rate.

There were 1,176 students enrolled at Lake Erie College in 2017, and 38% of first-time enrollees submitted SAT scores with their applications.

Lake Erie College has an overall enrollment yield of 21.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

60.4%
Acceptance Rate in 2017
998
Accepted Out of 1,651

In 2017, the undergraduate acceptance rate of Lake Erie College was 60.4% (998 admissions from 1,651 applications). This is lower than the acceptance rate of 2016, which was 63.1%. Between 2016 and 2017, the number of applicants grew by 11.2%, while admissions grew by 6.51%.

This chart compares the acceptance rate of Lake Erie College (in red) with that of other similar universities.

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SAT Scores

38%
Submission Percentage
82
Scores Submitted

38% of enrolled first-time students at Lake Erie College in 2017 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Lake Erie College has a total enrollment of 1,176 students. The full-time enrollment at Lake Erie College is 801 students and the part-time enrollment is 375. This means that 68.1% of students enrolled at Lake Erie College are enrolled full-time.

The enrolled student population at Lake Erie College, both undergraduate and graduate, is 68.3% White, 15.6% Black or African American, 4.76% Hispanic or Latino, 3.66% Two or More Races, 1.45% Asian, 0.255% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Erie College in full-time Undergraduate programs are majority White Female (42.3%), followed by White Male (26.9%) and Black or African American Male (14%). Students enrolled in full-time Graduate programs are majority White Female (51.9%), followed by White Male (27.3%) and Black or African American Female (3.9%).

Full-Time vs Part-Time Enrollment

68.1%
Full-Time Enrollment

The total enrollment at Lake Erie College, both undergraduate and graduate, is 1,176 students. The full-time enrollment at Lake Erie College is 801 and the part-time enrollment is 375. This means that 68.1% of students enrolled at Lake Erie College are enrolled full-time compared with 68.6% 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.

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Retention Rate over Time

61%
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 Lake Erie College was 61%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    803
  2. Black or African American
    184
  3. Hispanic or Latino
    56

The enrolled student population at Lake Erie College is 68.3% White, 15.6% Black or African American, 4.76% Hispanic or Latino, 3.66% Two or More Races, 1.45% Asian, 0.255% 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 Masters Colleges and Universities is 54.4% White, 15% Hispanic or Latino, and 13.2% 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, 34 students (2.89%) did not report their race.

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Graduates

In 2017, 11 more women than men received degrees from Lake Erie College. The majority of degree recipients at Lake Erie College are white (224 degrees awarded). There were 9.33 times more white graduates than the next closest race/ethnicity group, black or african american (24 degrees).

The most common Bachelor's Degree concentration at Lake Erie College is General Biological Sciences (30 degrees awarded), followed by General Business Administration & Management (17 degrees) and Accounting (13 degrees).

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 Agriculture (9 degrees awarded), Biology (30 degrees), and Parks, Recreation, & Leisure (11 degrees).

Workforce

Common Jobs by Major

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 Accountants & auditors (1,107,527 people), Other managers (745,286 people), Physicians (466,744 people), Financial managers (431,798 people), and Chief executives & legislators (343,674 people).

The most specialized majors at Lake Erie College are Agriculture (9 degrees awarded), Biology (30 degrees), Parks, Recreation, & Leisure (11 degrees), Business (124 degrees), and Physical Sciences (7 degrees).

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Highest Paying Jobs by Major

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 Surgeons, Dentists, Securities, commodities, & financial services sales agents, Physicians, and Chief executives & legislators

The most specialized majors at Lake Erie College are Agriculture (9 degrees awarded), Biology (30 degrees), Parks, Recreation, & Leisure (11 degrees), Business (124 degrees), and Physical Sciences (7 degrees).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake Erie College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (822,757 people), Colleges, universities & professional schools, including junior colleges (712,942 people), Elementary & secondary schools (690,148 people), Banking & related activities (504,884 people), and Computer Systems Design (480,994 people).

The most specialized majors at Lake Erie College are Agriculture (9 degrees awarded), Biology (30 degrees), Parks, Recreation, & Leisure (11 degrees), Business (124 degrees), and Physical Sciences (7 degrees).

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Degrees

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
  1. 30 degree-majorss awarded
  2. 17 degree-majorss awarded
  3. 13 degree-majorss awarded

In 2017, the most common bachelors degree concentration at Lake Erie College was General Biological Sciences with 30 degree-majorss awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men
  1. 133
  2. 144

In 2017, 133 degrees were awarded to men at Lake Erie College, which is 0.924 times less than the number of degrees awarded to females (144).

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

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Most Common Male Majors

In 2017, 54 degrees were awarded to men at Lake Erie College in General Business Administration & Management, which is 1.29 times more than the 42 female recipients with that same degree.

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Most Common Female Majors

In 2017, 42 degrees were awarded to women at Lake Erie College in General Business Administration & Management, which is 0.778 times less than the 54 male recipients with that same degree.

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Time to Complete

36%
100% Completion Time
50%
150% Completion Time

In 2017, 36% of students graduating from Lake Erie College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 50% completed their degrees within 150% of the normal time, and 51% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
White Female
Highest Graduation Rate (52.6%)

The student demographic with the highest graduation rate at Lake Erie College is Female and White (52.6% graduation rate). Across all Masters Colleges and Universities, 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, 1.03% of graduates (1 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    224 degrees awarded
  2. Black or African American
    24 degrees awarded
  3. Unknown
    10 degrees awarded

The most common race/ethnicity at Lake Erie College is white (224 degrees awarded). There were 9.33 times more white recipients than the next closest race/ethnicity group, black or african american (24 degrees).

3.61% of degree recipients (10 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Female
    124 degrees awarded
  2. White Male
    100 degrees awarded
  3. Black or African American Male
    17 degrees awarded

The most common race/ethnicity and gender grouping at Lake Erie College is white female (124 degrees awarded). There were 1.24 times more white female recipients than the next closest race/ethnicity group, white male (100 degrees).

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Operations

Lake Erie College has an endowment valued at nearly $33.7M, as of the end of the 2017 fiscal year. The return on its endowment was of $3.31M (9.8%), compared to the 6.94% average return ($2.3M on $33.1M) across all Masters Colleges and Universities.

In 2017, Lake Erie College had a total salary expenditure of $20.9M. Lake Erie College employs 19 Assistant professors, 17 Associate professors, and 5 Professors. Most academics at Lake Erie College are Female Associate professors (12), Female Assistant professors(12), and Male Assistant professors (7).

The most common positions for non-instructional staff at Lake Erie College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 25 employees, Management, with 20 employees, and Natural Resources, Construction, and Maintenance with 12 employees.

Finances

Endowment

$33.7M
2017 Endowment
7.24%
growth from 2016

Lake Erie College has an endowment valued at about $33.7M, as of the end of the 2017 fiscal year. The endowment of Lake Erie College grew 7.24% from the previous year. The value of their endowment was $613k higher 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.

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Government Grants and Contracts

Grants & Contracts
  1. $157k - Federal
  2. $0 - State
  3. $0 - Local

As of 2017, Lake Erie College received $157k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$8.06M
2017 Salaries
0.393%
decline from 2016

In 2017, Lake Erie College paid a median of $8.06M in salaries, which represents 38.5% of their overall expenditure ($20.9M) and a 0.393% decline from the previous year. This is compared to a 0.853% decline from 2015 and a 0.893% decline from 2014.

The median for similar Masters Colleges and Universities is 31.4M (40.5% of overall expenditures).

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Instructional Salaries

$2.85M
Instructional Salaries
45
Number of Employees

In 2017, Lake Erie College paid a total of $2.85M to 45 employees working as instructors, which represents 35.3% of all salaries paid.

This is compared to a median of $5.62M (33.5%) for similar Masters Colleges & Universities: Small Programs.

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Faculty and Staff

Occupations by Share

Assistant professor
Most Common Instructor
19 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
25 Employees

In 2017, the most common positions for instructional staff at Lake Erie College were Assistant professor with 19 employees; Associate professor with 17 employees; and Associate professor with 5 employees.

In 2017, the most common positions for non-instructional staff at Lake Erie College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 25 employees; Management with 20 employees; and Natural Resources, Construction, and Maintenance with 12 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Female Associate professor
  2. Female Assistant professor
  3. Male Assistant professor

In 2017, the most common demographic for instructional staff at Lake Erie College was Female Associate professor with 12 employees, Female Assistant professor with 12 employees, and Male Assistant professor with 7 employees.

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

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