Great Lakes
Institute of Technology
For-profit College in Erie, PA. Six-year graduation rate 64%. Median 10-year earnings $28,704.
Students who entered Great Lakes Institute of Technology reach a median of $28,704 a decade later, a figure that trails the typical four-year outcome. 64% finish within six years — respectable, though a meaningful share still leave without a credential. Borrowing stays contained, with median debt at graduation of $11,250.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
Six-year completion sits at 64%, meaning about one in three students who enroll leave without finishing. 74% of full-time first-years come back for year two, so about one in four are gone before sophomore year. The 14:1 student-faculty ratio is small enough that seminar-sized classes are the norm. Being a for-profit two-year institution is the single most useful context for these numbers — the sector's spread is wide enough that the school-level figures matter more than usual. The undergraduate body is just 407, which shapes everything from class size to how often a required course is offered.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 407 degree- or certificate-seeking undergraduates
Average net price after grant aid is $16,130 a year — mid-range for a four-year institution. Income makes less difference than usual: $15,475 at $0–30k, $22,184 at $110k+. Grant aid reaches 76% of students at an average of $6,448. Most students borrow — 74% take federal loans to cover the gap.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 224 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $15,475 |
| $30–48k | $14,722 |
| $48–75k | $17,444 |
| $75–110k | $22,618 |
| $110k+ | $22,184 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 300 of these 407 students, totalling $1,945,397 — an average of $6,485 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Erie County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)