Lake Erie College

What the IPEDS & College Scorecard Data Shows for Lake Erie College

Lake Erie College operates as a private nonprofit institution located in Painesville, Ohio (suburb: large), with a total reported enrollment of 852 students of which 926 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. Lake Erie College is categorized as “20” 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 70.4%, drawn from the most recent IPEDS Fall enrollment survey and an ACT midpoint of 20. The average net price after grants and scholarships is $20,961, with published in-state tuition of $37,634 and a Pell grant recipient share of 37.2%. Median federal student debt at graduation is $26,000, drawn from the U.S. Treasury-matched College Scorecard file.

Outcomes reveal whether the investment pays back. The 4-year completion rate is 40.1%, and the first-year retention rate is 59.4%. Graduates earn a median of $50,417 ten years after enrolling, compared with $43,959 six years post-enrollment. Within three years of entering repayment, 54400.0% of borrowers are making progress on their federal loans, and 60.1% 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.