$29,986

Tuition

$45,510

Cost of Attendance

$20,460

Net Price

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Lake Erie College Tuition and Fees

Lake Erie College is known for offering a wide range of undergraduate and postgraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at LEC is quite moderate. The average annual cost for students opting to pursue undergraduate programs at the college is estimated to be around $32,322, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing facilities, books and supplies, and other expenses cost $10,208, $1,220, and $3,614, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$31,422$31,422
Book & Supplies$1,220$1,220
Room & Board cost$9,908$9,908
Other Expenses$2,960$2,960
Total Cost of Attendance$45,510$45,510

As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. For students attending the university, the total tuition and fees for one year add up to about $32,322. Other than that, they will need to shell out an amount of $1,220 for books and supplies, $12,694 for room and boarding charges, and $3,614 toward other expenses on average in a year. So, the overall cost of attending LEC comes out to be about $49,850 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$20,460

Family Income

Avg. Net Price

$0 to $30,000

$17,567

$30,001 to $48,000

$17,111

$48,001 to $75,000

$22,527

$75,001 to $110,000

$23,024

$110,000+

$22,297

As for the net cost for attending LEC, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. Simply put, the family income of the candidate is a key factor in determining the net amount. At LEC, the average net price is estimated to be $20,254. The net price for students with an annual family income below $30,000 is reported to be around $17,004. For the individuals who come under the $30,001-$48,000 income category, the net cost is $19,291. The amount stands at $19,225 for an annual income between $48,001 and $75,000, $23,701 for the $75,001-$110,000 income bracket, and $24,448 for a family income above $110,000.

Student Loans

Example Loans

$79,800

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$828

Total interest paid

$19,578

Sum of Loan Payments

$99,378

To have a realistic understanding of how much it will cost to study at Lake Erie College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $79,800 for example. This will result in a $9,938 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $99,378 which is $19,578 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$31,422$31,422
Room & Board Cost$9,908$9,908
Total Tuition & Fees$41,330$41,330

At Lake Erie College, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $32,322 per year. They would also be required to pay around $12,694 for their room and boarding expenses. Accordingly, the overall cost for undergraduate students at the college totals about $49,850 per year, based on the available data.

Graduate Tuition and Fees

In-stateOut-State
Tuition$11,646$11,646
Fees$918$918

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at LEC, the amount stands at $12,924 per year. This sum includes their graduate tuition of $12,006 and the graduation fees of $918 as well.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$647
Undergraduate2018 - 2019$795

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Lake Erie College varies for graduate and undergraduate courses. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $215 and the undergraduate cost per credit hour at $248. Also, Lake Erie College currently offers a number of online courses to students across 34 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$9,908$15,180
Other Expense$2,960$4,268
Book & Supplies$1,220$1,220

As far as the housing and related charges at LEC are concerned, these expenses vary depending on whether the candidate chooses to live on-campus or off-campus. Students have to pay $13,168 per year for on-campus housing and $19,448 a year for off-campus lodging facilities. The room and boarding charges for on-campus students come to around $10,208, while the off-campus candidates would need to pay $15,180. In addition to that, the candidates will have to pay an amount of about $1,220 for books and supplies. The other expenses that students should plan for come to around $2,960 for on-campus candidates and $4,268 for the candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$9,908

Off Campus

$15,180

Housing & Other Expenses

Other Expenses

On Campus

$2,960

Off Campus

$4,268

Housing & Other Expenses

Book & Supplies

On Campus

$1,220

Off Campus

$1,220

As far as the housing and related charges at LEC are concerned, these expenses vary depending on whether the candidate chooses to live on-campus or off-campus. Students have to pay $13,168 per year for on-campus housing and $19,448 a year for off-campus lodging facilities. The room and boarding charges for on-campus students come to around $10,208, while the off-campus candidates would need to pay $15,180. In addition to that, the candidates will have to pay an amount of about $1,220 for books and supplies. The other expenses that students should plan for come to around $2,960 for on-campus candidates and $4,268 for the candidates who live off-campus.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Masters $17,600 $550

Lake Erie College offers 2 online programs across 2 Majors.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at LEC are projected to cost around $250,561 as per official data. In contrast, the total expenses for undergraduate students amounted to $20,254 in 2018-2019, $20,460 in 2017-2018, and $19,453 in 2016-2017.

Explore Programs by Major

Business ManagementEducation

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