In 2022, tuition for full-time students at Lake Erie College was $33,588 a year.
Tuition increased 3% in 2022–from $32,610 the previous year. On average, college tuition goes up about 3% every year.
Remember, the displayed price of tuition doesn't always mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is a lot less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make theactual cost of attending college more manageable until after graduation.
Lake Erie College is a private, nonprofit institution, so it has the same tuition for students from Ohio as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Don't forget to verify your state's eligibility criteria for as an in-state resident. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on where you live.
Tuition at Lake Erie College is the same for all students.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may be eligible 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.
In addition to tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Lake Erie College.
Housing and campus dining at Lake Erie College is $9,864 a year. This number covers the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat all or some of your meals the school dining facilities.
Meal-plan costs can depend on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be other costs associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges offer ways so that those with demonstrated need to find ways to lower or eliminate these fees.
The total cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can impact the amount you'll have to spend just to get around. 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 an urban area may be pricey, but cities may offer more buses, trains or affordable flights to actually get to school. The Lake Erie College campus is located in a suburban setting in Ohio, near Cleveland.
When you're planning for college, be sure to take into account the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of what is really costs to go to Lake Erie College.
What will the cost of attending Lake Erie College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$9,864|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
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.
The majority of Lake Erie College undergrads use financial aid to to cover the cost of tuition. In 2022, 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|
|Lake Erie College-Specific Loans||$3,131|
|Most Common Loans for Lake Erie College Students|
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.
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 2022, 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.
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 2022. 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|
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.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
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.
Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition 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.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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