Cleveland Institute of Music

What the IPEDS & College Scorecard Data Shows for Cleveland Institute of Music

Cleveland Institute of Music operates as a private nonprofit institution located in Cleveland, Ohio (city: large), with a total reported enrollment of 159 students of which 197 are undergraduates. Institution-level records in the Integrated Postsecondary Education Data System (IPEDS) classify each school by Carnegie category, ownership sector, and urban/rural locale, which is how this profile’s peer group and cost cohort are determined. Cleveland Institute of Music is categorized as “30” under the Carnegie classification system, a meaningful signal when comparing like-to-like institutions.

Selectivity and financial signals give context to what applicants can expect. The reported admission rate is 47.3%, drawn from the most recent IPEDS Fall enrollment survey. The average net price after grants and scholarships is $28,226, with published in-state tuition of $52,880 and a Pell grant recipient share of 13.7%. Median federal student debt at graduation is $24,968, drawn from the U.S. Treasury-matched College Scorecard file.

Outcomes reveal whether the investment pays back. The 4-year completion rate is 70.4%, and the first-year retention rate is 90.2%. Graduates earn a median of $32,641 ten years after enrolling, compared with $20,170 six years post-enrollment. Within three years of entering repayment, 9000.0% of borrowers are making progress on their federal loans, and 38.4% of graduates earn above the high-school threshold. Treating these numbers as a single snapshot alongside the cost cohort is the standard approach for evaluating ROI under the College Scorecard methodology.