Lake Erie College

In 2021, Lake Erie College's tuition was $33,588 a year.

In 2023, tuition increased 3%–from $32,610 the prior year. On average, college tuition goes up about 3% every year.

Remember, the displayed price of tuition does not mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is much less than the total tuition after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make thecost of college more manageable until after graduation.

Lake Erie College meets 73% of the demonstrated financial need for undergraduates. First-year students that attend Lake Erie College full-time are awarded $26,405 a year in financial aid, on average.

Graduates in the class of 2023 had an average of $28,748 in student loans per borrower.

In-state vs. Out-of-state Tuition at Lake Erie College

Lake Erie College is a private, nonprofit institution, which means it has the same tuition for residents of Ohio as it does for students who live in other states.

Public schools receive funds from the state to help them cover costs. Public insitutions often offer reduced tuition for those who qualify as Ohio residents.

Choosing a school where you qualify for the reduced tuition offered to state residentscan drastically reduce the total cost of attending college. Don't forget to confirm your state's requirements for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements too, depending on where you live.

Explore other Ohio colleges

Is Lake Erie College's Tuition Different for International Students?

Lake Erie College has the same tuition for international students as for those from out of state.

International students usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or Lake Erie College-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may be eligible for the following types of financial support at Lake Erie College:

•Loans from outsideLake Erie College •Lake Erie College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Lake Erie College Room, Board, Fees, and More

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Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Lake Erie College.

House and Food Costs at Lake Erie College

Housing and campus dining at Lake Erie College is $9,864 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that enables you to eat in the school dining halls.

Board costs vary based on on the number of meals you intend to eat on-campus

How Much Do Books Cost at Lake Erie College?

The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Yearly Fees

Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be additional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have resources so that those who may struggle to participate because of cost can find ways to lower or eliminate these fees.

Planes, Trains, and Automobiles: Transportation costs at Lake Erie College

The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use public transportation? All of these factors can drastically impact your estimated cost of transportation. At Lake Erie College, freshman are allowed to park on campus.

Where are a college is located can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city may be costly, but there may be more trains, busses or affordable flights to actually get to school. The Lake Erie College campus is located in a suburb in Ohio, not far from Cleveland.

Other Costs

When budgeting for college, be sure to leave some room in your budget for the cost of things like entertainment, clothes, furnishings and toiletries.

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Financial Breakdown for Lake Erie College

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Now, let’s look at the breakdown of all expenses, to get a better estimate of how much students can expect to shell out for Lake Erie College.

How Much Does Lake Erie College Cost?

What will the cost of attending Lake Erie College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$33,588
Room and Board	$9,864
Other expenses	$1,700

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$47,808
Off-Campus	$37,944

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Lake Erie College Financial Aid

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The majority of Lake Erie College undergrads use financial aid to to cover the cost of tuition. In 2023, 552 of the 726 undergrads enrolled received financial aid. Lake Erie College meets 73% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $26,405 a year. Around 79% of Lake Erie College undergrads take out student loans to cover any remaining costs. Lake Erie College graduates who have student loans graduate with an average of $28,748 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$24,651
Lake Erie College-Specific Loans	$3,131
Private Loans	$19,753

Most Common Loans for Lake Erie College Students
Federal Loans	79%
Institutional Loans	2%
Private loans	16%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Lake Erie College financial aid, keep reading, or visit their financial aid website.

Scholarships at Lake Erie College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Lake Erie College awarded 543 need-based scholarships to students, giving away total of $10.7 million to help students with financial need cover the cost of school. An additional $2.22 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Lake Erie College

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Lake Erie College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Lake Erie College was $26,405 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lake Erie College seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$21,403
Off-Campus	$11,539

What will attending Lake Erie College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Lake Erie College's net cost calculator on their website.

Lake Erie College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Lake Erie College does not have guaranteed tuition.

Lake Erie College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does Lake Erie College Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

Check the financial aid website for more information on payment plans and tuition waivers.

Lake Erie College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

Lake Erie College's endowment was valued at $40.7 million in 2023, compared to a national average of $905 million. The school spends $7,702 for each full-time student enrolled.

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Learn More About Lake Erie College

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