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Lake Erie College

Painesville, OH·Private nonprofit·852 students
Last updated: March 22, 2026

A good fit for students who want accessible admissions and students who want small classes and close faculty access. graduation rate is below 40%; freshman retention is below 65%. financial aid brings net price below sticker.

70%
Accept
852
Students
$20,961
Net Price
38%
Grad Rate
$40,600
Earnings
10 yr
$26,000
Debt

About This School

Lake Erie College is a private nonprofit institution located in Painesville, Ohio with approximately 852 undergraduate students enrolled. Lake Erie College has an open or accessible admissions process, with an acceptance rate of 70%. The average net price after financial aid is $20,961 per year. The graduation rate is 38%, and the typical graduate earns $40,600 within 10 years of enrollment.

Lake Erie College is a private liberal arts college in Painesville, Ohio, United States. Founded in 1856 as a female seminary, the college converted to a coeducational institution in 1985.

The numbers tell a mixed story here: the 42% graduation rate and 66% freshman retention rate suggest that many students who enroll don't finish, which is a real red flag worth pressing the school on before committing. On the positive side, the median debt at graduation is a relatively modest $13,875, and the net price of $21,296/year is manageable for a private college. Worth considering if you're drawn to a small, close-knit liberal arts environment and have a clear plan for staying on track — but go in with eyes open about the completion rates.

Founded
1856
Setting
Large suburb
Avg Faculty Salary
$6,902

Popular Programs

Business & Marketing39%
Education16%
Biological Sciences7%
Psychology5%
Health Professions3%
Communications2%
Social Sciences1%
Visual & Performing Arts1%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Catherine Curtin

Source: Wikidata. Used for context only.

Admissions

Test Policy: Neither required nor recommended

SAT Scores

Average CompositeN/A

ACT Scores

Midpoint Composite20

Cost & Financial Aid

In-State Tuition
$37,634
Out-of-State Tuition
$37,634
Avg Net Price
$20,961
after aid

Net Price by Family Income

Under $30k$20,195
$30–48k$19,575
$48–75k$18,548
$75–110k$23,205
$110k+$22,370

Average annual cost after grants/scholarships, by household income. Source: U.S. Department of Education College Scorecard.

Financial Aid

Students receiving Pell Grants37%
Median debt at graduation$26,000

Full Cost

After Graduation

Graduation Rate
38%
within 6 years
Retention Rate
59%
freshmen returning
Earnings (10 yr)
$40,600
after enrollment
Median Debt
$26,000
at graduation

Earnings 6 Years After Enrollment, by Gender

Male graduates$35,500
Female graduates$29,100

Gap: 18% less for female graduates. National avg ~16%.

Will This School Pay Off?

Median Debt
$26,000
at graduation
Earnings (6 yr)
$32,500
after enrollment
Earnings (10 yr)
$40,600
after enrollment
Earnings-to-Debt Ratio: 1.6x

Solid return. Earnings outpace debt, though major choice matters.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White59%
Black21%
Hispanic/Latino4%
Asian1%
Two or more races2%
American Indian/Alaska Native1%
International3%

Source: U.S. Department of Education College Scorecard (852 undergraduates).

Contact & Location

Address

Lake Erie College

391 W Washington St

Painesville, OH 44077-3389

View on Google Maps →

Other Schools in Ohio

Browse all Ohio schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
Trademarks

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