Lake Erie College

www.lec.edu

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    2024 Undergraduate Tuition
    $35,634
    3% growth from 2023
    2024 Average Net Price
    $22,892
    After Financial Aid
    2024 Acceptance Rate
    70.4%
    1,370 Applicants
    2024 Enrolled Students
    1,108
    84.5% Full-Time
    2024 Graduation Rate
    37.9%
    74 Graduates

    About

    Lake Erie College is a higher education institution located in Lake County, OH. In 2024, the most popular Masters Degree concentrations at Lake Erie College were General Business Administration & Management (48 degrees awarded), Physician Assistant (25 degrees), and General Education (6 degrees).

    In 2024, 251 degrees were awarded across all undergraduate and graduate programs at Lake Erie College. 55.8% of these degrees were awarded to women, and 44.2% awarded men. The most common race/ethnicity group of degree recipients was white (185 degrees), 8.41 times more than then the next closest race/ethnicity group, black or african american (22 degrees).

    The median undergraduate tuition at Lake Erie College is $35,634, which is $11,634 more than the national average for Masters Colleges and Universities ($24,000).

    Masters Colleges & Universities: Small ProgramsMasters Colleges and Universities

    Costs

    In 2024, the median undergraduate tuition at Lake Erie College is $35,634, which is $11,634 more than the national average for Masters Colleges and Universities ($24,000).

    After taking grants and loans into account, the average net price for students is $22,892.

    In 2024, 83% of undergraduate students attending Lake Erie College received financial aid through grants. Comparatively, 55% of undergraduate students received financial aid through loans.

    Tuition Costs

    $35,634
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at Lake Erie College was $35,634. The cost of tuition at Lake Erie College is $11,634 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,000).

    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

    $22,892
    2024 Value
    2.55%
    1 Year Growth

    In 2024 Lake Erie College had an average net price — the price paid after factoring in grants and loans — of $22,892. Between 2023 and 2024, the average net price of Lake Erie College grew by 2.55%.

    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

    $14,556
    Room and Board
    $1,220
    Books and Supplies

    The average yearly cost of room and board at Lake Erie College was of $14,556 in 2024. The cost of room and board increased by 13.3% between 2023 and 2024.

    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.

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    Financial Aid by Income Level

    83%
    Undergraduates Receiving Financial Aid through Grants
    55%
    Undergraduates Receiving Financial Aid through Loans

    83% of undergraduate students at Lake Erie College received financial aid through grants or loans in 2024. This represents a growth of 0% with respect to 2023, when 83% 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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    Admissions

    Lake Erie College received 1,370 undergraduate applications in 2024, which represents a 14.8% annual growth. Out of those 1,370 applicants, 964 students were accepted for enrollment, representing a 70.4% acceptance rate.

    There were 1,108 students enrolled at Lake Erie College in 2024. 3% of first-time enrollees submitted SAT scores with their applications.

    Lake Erie College has an overall enrollment yield of 19.7%, which represents the number of admitted students who ended up enrolling.

    Acceptance Rate

    70.4%
    Acceptance Rate in 2024
    964
    Accepted Out of 1,370

    In 2024, the undergraduate acceptance rate of Lake Erie College was 70.4% (964 admissions from 1,370 applications). This is higher than the acceptance rate of 2023, which was 64.1%. Between 2023 and 2024, the number of applicants grew by 14.8%, while admissions grew by 26%.

    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.

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    SAT Scores

    3%
    Submission Percentage (2023)
    6
    Scores Submitted (2023)

    3% of enrolled first-time students at Lake Erie College in 2023 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.

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    Enrollment

    Lake Erie College had a total enrollment of 1,108 students in 2024. The full-time enrollment at Lake Erie College is 936 students and the part-time enrollment is 172. This means that 84.5% of students enrolled at Lake Erie College are enrolled full-time.

    The enrolled student population at Lake Erie College, both undergraduate and graduate, is 60.6% White, 18.1% Black or African American, 3.61% Hispanic or Latino, 2.26% Two or More Races, 1.17% Asian, 0.993% American Indian or Alaska Native, and 0.181% Native Hawaiian or Other Pacific Islanders.

    Students enrolled at Lake Erie College in full-time Undergraduate programs are most commonly White Female (32.1%), followed by White Male (24.8%) and Black or African American Male (13.4%). Students enrolled in full-time Graduate programs are most commonly White Female (39.6%), followed by White Male (20.7%) and Black or African American Male (5.92%).

    Full-Time vs Part-Time Enrollment

    84.5%
    Full-Time Enrollment

    The total enrollment at Lake Erie College in 2024, both undergraduate and graduate, is 1,108 students. The full-time enrollment at Lake Erie College is 936 and the part-time enrollment is 172. This means that 84.5% of students enrolled at Lake Erie College are enrolled full-time compared with 67.1% 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

    59%
    2024 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 59%. 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.

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    Enrollment by Race & Ethnicity

    Most Common Race or Ethnicity (2024)
    1. White
      671 enrolled students
    2. Black or African American
      201 enrolled students
    3. Hispanic or Latino
      40 enrolled students

    The enrolled student population at Lake Erie College is 60.6% White, 18.1% Black or African American, 3.61% Hispanic or Latino, 2.26% Two or More Races, 1.17% Asian, 0.993% American Indian or Alaska Native, and 0.181% 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 47.4% White, 18.8% Hispanic or Latino, and 13.6% 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, 108 students (9.75%) did not report their race.

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    Graduates

    In 2024, 29 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 (185 degrees awarded). There were 8.41 times more white recipients than the next closest race/ethnicity group, black or african american (22 degrees).

    The most common Masters Degree concentration at Lake Erie College is General Business Administration & Management (48 degrees awarded), followed by Physician Assistant (25 degrees) and General Education (6 degrees).

    In 2024,  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 (11 degrees awarded), Parks, Recreation, & Leisure (12 degrees), and History (5 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 (1,691,544 people), Accountants & auditors (1,045,089 people), Other managers (867,778 people), Secondary school teachers (603,619 people), and Financial managers (558,539 people).

    The most specialized majors at Lake Erie College in 2024 are Agriculture (11 degrees awarded), Parks, Recreation, & Leisure (12 degrees), History (5 degrees), Business (110 degrees), and Education (34 degrees) (as of 2024).

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    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 Lake Erie College are Surgeons, Diagnostic medical sonographers, Cardiovascular technologists and technicians, Magnetic resonance imaging technologists, and Physicians

    The most specialized majors at Lake Erie College are Agriculture (11 degrees awarded), Parks, Recreation, & Leisure (12 degrees), History (5 degrees), Business (110 degrees), and Education (34 degrees) (as of 2024).

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    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 (3,302,569 people), Colleges, universities & professional schools, including junior colleges (655,292 people), Computer Systems Design (635,349 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (518,415 people), and Construction (494,726 people).

    The most specialized majors at Lake Erie College are Agriculture (11 degrees awarded), Parks, Recreation, & Leisure (12 degrees), History (5 degrees), Business (110 degrees), and Education (34 degrees) (as of 2024).

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    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 (2024)
    1. General Business Administration & Management
      28 degrees awarded
    2. Early Childhood Education & Teaching
      14 degrees awarded
    3. Accounting
      13 degrees awarded

    In 2024, the most common bachelors degree concentration at Lake Erie College was General Business Administration & Management with 28 degrees 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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    Sex Breakdown for Common Majors

    111
    Degrees Awarded to Men
    in 2024
    140
    Degrees Awarded to Women
    in 2024

    In 2024, 111 degrees were awarded to men at Lake Erie College, which is 0.793 times less than the number of degrees awarded to females (140).

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

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    Most Common Male Majors

    In 2024, 48 degrees were awarded to men at Lake Erie College in General Business Administration & Management, which is 1.71 times more than the 28 female recipients with that same degree.

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    Most Common Female Majors

    In 2024, 28 degrees were awarded to men at Lake Erie College in General Business Administration & Management, which is 0.583 times less than the 48 male recipients with that same degree.

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    Time to Complete

    31%
    100% Completion Time
    42%
    150% Completion Time

    In 2024, 31% of students graduating from Lake Erie College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 42% completed their degrees within 150% of the normal time, and 43% 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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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      185 degrees awarded
    2. Black or African American
      22 degrees awarded
    3. Hispanic or Latino
      9 degrees awarded

    The most common race/ethnicity at Lake Erie College is white (185 degrees awarded). There were 8.41 times more white recipients than the next closest race/ethnicity group, black or african american (22 degrees).

    5.98% of degree recipients (15 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Female
      173 degrees awarded
    2. White Female
      157 degrees awarded
    3. White Female
      146 degrees awarded

    The most common race/ethnicity and sex grouping at Lake Erie College is white female (173 degrees awarded). There were 1.1 times more white female recipients than the next closest race/ethnicity group, white female (157 degrees).

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    Operations

    Lake Erie College has an endowment valued at nearly $31.5M, as of the end of the 2024 fiscal year. The return on its endowment was of 1.2M (3.81%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

    In 2024, Lake Erie College had a total salary expenditure of 25.9M. Lake Erie College employs 17 Assistant professors, 12 Associate professors and 8 Professors. Most academics at Lake Erie College are Female Assistant professor (9), Male Assistant professor (8), and Female Associate professor (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 38 employees, Management, with 17 employees, and Natural Resources, Construction, and Maintenance with 13 employees.

    Endowment

    $31.5M
    2024 Endowment
    5.73%
    decline from 2023

    Lake Erie College has an endowment valued at about $31.5M, as of the end of the 2024 fiscal year. The endowment of Lake Erie College declined 5.73% from the previous year. The value of their endowment was $14.3M 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.

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    Salary Expenditure

    $9.35M
    2024 Salaries
    2.23%
    decline from 2023

    In 2024, Lake Erie College paid a median of $9.35M in salaries, which represents 36.1% of their overall expenditure ($25.9M) and a 2.23% decline from the previous year. This is compared to a 5.6% growth between 2022 and 2023, and a 2.13% growth between 2021 and 2022.

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    Instructional Salaries

    $3M
    Instructional Salaries
    44
    Number of Employees

    In 2024, Lake Erie College paid a total of $3M to 44 employees working as instructors, which represents 32.1% of all salaries paid.

    This is compared to a median of $965k (3.13%) for similar Masters Colleges and Universities.

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    Occupations by Share

    In 2024, the most common positions for non-instructional staff at Lake Erie College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 38 employees, Management with 17 employees, and Natural Resources, Construction, and Maintenance with 13 employees.

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