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Colleges / OH / Painesville
Lake Erie College logo

Lake Erie College

Private nonprofit Painesville, OH · Suburban · Great Lakes · 100% data reported · Agent Insights
40%
Graduation Rate
$50,417
Earnings (10yr)
$20,961
Net Price
70%
Acceptance Rate

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Overview

With an enrollment of 852 students, Lake Erie College in Painesville, Ohio, offers a more personalized college experience that can feel like a close-knit community. This school is a good fit for those interested in practical fields such as Business & Marketing, Education, Criminal Justice, Biology & Biomedical, and Psychology. The 70% acceptance rate suggests that the college aims to welcome a diverse array of students, making it accessible for many who might be considering higher education.

When looking at life after graduation, students can expect to earn about $50,417 a year a decade after they leave. This figure can help guide expectations for financial stability, especially considering the relatively affordable net price of $20,961 after aid. While the graduation rate sits at 40%, which may raise some questions, it also means that there's room for improvement and potential growth for those who are committed to their studies.

On the financial side, students graduate with a median debt of $26,000, which is manageable relative to their earnings potential. Those who thrive here tend to be self-motivated and ready to engage with their chosen fields. The 37% Pell Grant rate indicates that many students receive financial assistance, which can play a crucial role in making college more affordable and accessible for families.

Rankings

How Lake Compares

Dot right of center = above national average.

NATIONAL AVGGraduation40%Earnings 10yr$50KNet Price$21KRetention59%Median Debt$26KPell Grant Rate37%

Net Price by Family Income

What families actually pay after aid, by income bracket.

$20K$0-30K$20K$30-48K$19K$48-75K$22K$110K+

The Mobility Equation

Mobility = Access x Success. How many low-income students get in, and how many reach the top 20%?

ACCESS% from bottom 20%929.9%SUCCESS% who reach top 20%80.1%MOBILITY7.44%

Cost & Financial Aid

$37,634
In-State Tuition
$37,634
Out-of-State
$20,961
Avg Net Price
$26,000
Median Debt
37%
Pell Grant Rate
55%
Federal Loan Rate

What Families Actually Pay

$20,195
Family Income $0–$30K
$19,575
Family Income $30K–$48K
$18,548
Family Income $48K–$75K
$22,370
Family Income $110K+

Graduate Outcomes

$43,959
6 Years After Entry
$46,643
8 Years
$50,417
10 Years
0.52x
Debt-to-Earnings
60%
Earning > $25K

Earnings Trajectory

$43,959 6yr $46,643 8yr $50,417 10yr

Social Mobility

Data: Raj Chetty's Mobility Report Card · 30M+ anonymized tax records

7.44%
Mobility Rate
Bottom 20% → Top 20%
80.1%
Success Rate
If bottom 20% get in
929.9%
From Bottom 20%
Share of students
$76,700
Parent Median Income

Social Capital

Data: Opportunity Insights Social Capital Atlas

1.56
Economic Connectedness
Cross-class friendships
-0.00
Friending Bias
Lower = more inclusive
6.7%
Volunteering Rate
1.00
Support Ratio
Community support

Academics & Admissions

Acceptance Rate 70%
Retention Rate 59%
ACT Midpoint 20
Full-Time Faculty 51%
Faculty Salary (mo) $6,902
Diversity Index 0.61
First-Gen Students 33%

Top Programs

Business & Marketing 39%
Education 16%
Criminal Justice 8%
Biology & Biomedical 7%
Psychology 5%
Health Professions 3%
Communications 2%
English & Literature 1%