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Lake Erie College

Painesville, OH · Private Nonprofit

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64.1%
Acceptance (Fall 2023)
1040
SAT
$43,332
Sticker Price
$19,481
Net Price*
$44,237
Earnings 10 yrs after enrolling
8.4 yrs
Payback
1,193
Applicants

*Net price for families earning $48k–$75k. See all income brackets →

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Should I apply to Lake Erie College?

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What is Lake Erie College's acceptance rate?

Down 0.9 percentage points since 2018

With a 64.1% acceptance rate, Lake Erie College is considered moderately selective. The school has become increasingly competitive over the past five years. Applicants should focus on demonstrating strong academics, meaningful extracurriculars, and authentic personal essays to stand out in the applicant pool.

How many students apply to Lake Erie College?

Lake Erie College received 1,193 applications in 2023, down 22% since 2018. High application volume means admissions officers spend limited time per application—typically 8-15 minutes. Make every word count in your essays and ensure your application materials are error-free.

Applications
Admitted

How many admitted students enroll?

The yield rate of 24% is typical for a school of this caliber. Yield rate measures how many admitted students actually enroll—a key indicator of how desirable students find the school. Demonstrating genuine interest through campus visits, attending info sessions, and writing specific "Why Us" essays can improve your chances.

What are the most popular majors at Lake Erie College?

Business Administration, Management and Operations leads as the most popular major at Lake Erie College. Your intended major can affect admission chances—some programs are more competitive than others. Research department-specific requirements, faculty research, and career outcomes when choosing your major. Consider how your academic interests align with the school's strengths.

How have majors changed over time?

Degrees awarded by major, 2015–2024

How has tuition changed at Lake Erie College?

Tuition has increased by 22% since 2015. Total cost of attendance (including fees and room & board) has grown 21% from $35,704 to $43,332.

Tuition Total Cost

How much do Lake Erie College graduates earn by major?

Graduates in Business Administration, Management and Operations earn among the highest salaries, with median earnings of $37,808 within two years of graduation. Earnings vary significantly by major—STEM and business fields typically offer higher starting salaries, while humanities and arts may have different career trajectories. Consider both passion and practical outcomes when choosing your field of study.

Median two years after graduating, for graduates of each program — not the same measure as the headline earnings figure above, which covers everyone who enrolled, ten years after starting. Source: College Scorecard field-of-study file, June 2026.

Business Administration, Manag... $37,808 25 grads · small sample
$8,500 $117,766
Biology, General $21,508 21 grads · small sample
$8,500 $117,766
Criminal Justice and Correctio... $35,600 17 grads · small sample
$8,500 $117,766
Psychology, General $31,133 16 grads · small sample
$8,500 $117,766
Teacher Education and Professi... $35,060
$8,500 $117,766
Health and Physical Education/... $29,685
$8,500 $117,766
Agricultural Business and Mana... $21,781
$8,500 $117,766
This school National avg

What do Lake Erie College graduates actually earn?

The median tells one story, but outcomes vary widely. Here's the full range of earnings 10 years after enrollment for graduates of Lake Erie College.

25th: $27,873 Median: $44,237 75th: $62,369
10th: $8,800 90th: $61,100

Earnings range for graduates 10 years after enrollment. The green bar shows the middle 50% (25th–75th percentile). Source: College Scorecard, June 2026 release.

How do Lake Erie College earnings grow over time?

Median earnings from 1 year after completion through 11 years after enrollment. Early-career earnings show what graduates earn soon after graduating, while later years reflect career growth and advancement.

Do Lake Erie College earnings vary by family income?

Median earnings of graduates grouped by their family income when they enrolled. Research shows family income can influence post-graduation outcomes through networking, unpaid internship access, and career choice flexibility.

Gender earnings gap at Lake Erie College

Median earnings comparison between male and female graduates. The gap reflects differences in major choice, industry, and broader labor market patterns — not necessarily pay discrimination for the same role.

Lake Erie College Admissions Statistics (2015–2023)

Each row shows the admissions cycle for that academic year. Applicants is the total number of students who applied for freshman admission. Admitted shows how many received acceptance letters. Rate is the acceptance rate (admitted ÷ applicants) — lower percentages indicate more selective schools. Yield measures the percentage of admitted students who actually enrolled — a high yield (above 50%) suggests the school is a top choice for admitted students, while lower yields indicate students often choose other options. SAT shows the 25th-75th percentile range, meaning the middle 50% of enrolled students scored within this range. Data is sourced from IPEDS, the federal database where all US colleges report annually.

Year Applicants Admitted Rate Yield
2023 1,193 765 64.1% 24.4%
2022 1,085 587 54.1% 38.3%
2021 1,164 637 54.7% 29.7%
2020 1,165 745 63.9% 23.2%
2019 1,499 860 57.4% 24.1%
2018 1,523 990 65.0% 19.9%
2017 1,651 998 60.5% 21.9%
2016 1,485 937 63.1% 23.4%
2015 1,712 964 56.3% 22.2%

Is Lake Erie College worth it?

Calculate your personal ROI

4-Year Sticker Price --
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Earnings & ROI Range (10yr)
Conservative (25th pct) -- --
Expected (median) -- --
Optimistic (75th pct) -- --
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Estimates based on College Scorecard averages. Use official calculator →

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What do Lake Erie College graduates earn?

Median Earnings (10 years)
$44,237
Earnings Range (10th - 90th percentile)
$8,800 $44,237 median $61,100

Earnings vary widely: the bottom 10% earn $8,800 while the top 10% earn $61,100. Your outcome depends heavily on major, career path, and individual circumstances.

Median Earnings (6 years)
$38,332
Median Debt
$27,000
6-Year Graduation Rate
48.4%

How much does Lake Erie College cost?

The total cost of attendance at Lake Erie College is approximately $43,332 per year. Remember: sticker price rarely equals actual cost. Most students receive financial aid, and net price varies significantly by family income. Use the school's Net Price Calculator for a personalized estimate before ruling out any option based on cost alone.

Tuition
$31,736
Fees
$1,436
Room & Board
$10,160
Total Cost of Attendance
$43,332

What You'll Actually Pay

Net price is what aided families paid after grants and scholarships, averaged within each income band. Your own cost depends on income, assets and the school's aid policies, so treat these as a floor rather than a quote. Many selective private schools are more affordable than public universities for middle and lower-income families because of generous institutional aid.

$0-30k income $18,708
$30-48k income $17,476
$48-75k income $19,481
$75-110k income $22,956
$110k+ income $25,734
No aid $43,332

These averages cover only students who received federal financial aid — a Pell Grant, a federal loan or work-study. Families who pay their own way are not included, so the higher brackets understate what a full-paying family is billed. The "no aid" row is the published cost of attendance.

Which majors pay the most?

  • Business Administration, Management and Operations $37,808
  • Biology, General $21,508
  • Criminal Justice and Corrections $35,600
  • Psychology, General $31,133
  • Teacher Education and Professional Development, Specific Levels and Methods $35,060

Who attends Lake Erie College?

Lake Erie College enrolls 942 students, with 4% from outside the United States. Women make up 47% of the student body. Campus diversity enriches the educational experience through varied perspectives and backgrounds. Consider how you'll contribute to and benefit from the campus community when crafting your application.

Total Enrollment 942
Retention Rate 66%
International 4%
Women 47%
Race/Ethnicity
White 58%
Black 12%
Hispanic 8%
Asian 1%

How much financial aid is available?

83% of students receive some form of financial aid at Lake Erie College. About 29% receive Pell Grants, indicating support for low-income students. Apply for aid regardless of your family's income level—merit scholarships and institutional grants are available to students at various income levels. Never assume you won't qualify.

Receive Grants 83%
Avg: $31,258 free money/year
Pell Grant Recipients 29%
Federal aid for <$60k income families
Have Federal Loans 58%
Avg: $6,408
School's Own Grants 100%
Avg: $23,123 from school funds

How much do professors earn?

Faculty salaries at Lake Erie College are near the national average, reflecting the school's investment in attracting and retaining talented professors. Higher faculty compensation often correlates with stronger research programs, better student mentorship, and more resources for academic departments. Look for opportunities to engage with faculty through research, office hours, and smaller seminars.

This school National avg

Page updated 2026. Admissions and cost figures are the latest IPEDS release (2023); earnings are College Scorecard median 10-year post-enrollment, June 2026 release. Sources: IPEDS, College Scorecard.