Erie Institute of Technology Inc

www.erieit.edu/

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2020 Undergraduate Tuition

$12,285

0% growth from 2019

2020 Average Net Price

$17,260

After Financial Aid

2018 Student Loan

9.57%

Default Rate

2020 Enrolled Students

282

100% Full-Time

2020 Graduation Rate

71.2%

42 Graduates

About

Erie Institute of Technology Inc is a higher education institution located in Erie County, PA. In N/A, the most popular Bachelor's Degree concentrations at Erie Institute of Technology Inc were N/A.

In 2020, 83 degrees were awarded across all undergraduate and graduate programs at Erie Institute of Technology Inc. 7.23% of these degrees were awarded to women, and 92.8% awarded men. The most common race/ethnicity group of degree recipients was white (70 degrees), 8.75 times more than then the next closest race/ethnicity group, hispanic or latino (8 degrees).

The median undergraduate tuition at Erie Institute of Technology Inc is $12,285, which is $−2,115 less than the national average for Special Focus Institutions ($14,400).

Costs

The median undergraduate tuition at Erie Institute of Technology Inc is $12,285, which is $−2,115 less than the national average for Special Focus Institutions ($14,400).

After taking grants and loans into account, the average net price for students is $17,260.

In 2020, 93% of undergraduate students attending Erie Institute of Technology Inc received financial aid through grants. Comparatively, 79% of undergraduate students received financial aid through loans.

Tuition Costs

$12,285

2020 Undergraduate Tuition

In 2020, the cost of tuition at Erie Institute of Technology Inc was $12,285. The cost of tuition at Erie Institute of Technology Inc is $−2,115 less than than the overall (public and private) national average for Special Focus Institutions ($14,400).

This chart compares the tuition costs of Erie Institute of Technology Inc (in red) with those of other similar universities.

Average Net Price

$17,260

2020 Value

5.4%

1 Year Growth

In 2020 Erie Institute of Technology Inc had an average net price — the price paid after factoring in grants and loans — of $17,260. Between 2019 and 2020, the average net price of Erie Institute of Technology Inc grew by 5.4%.

This chart compares the average net price of Erie Institute of Technology Inc (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$8,550

Room and Board

$2,252

Books and Supplies

The average yearly cost of room and board at Erie Institute of Technology Inc was of $8,550 in 2020. During the same period, the average yearly cost of books and supplies was $2,252. The cost of room and board did not change between 2019 and 2020. The cost of books and supplies increased by 1.67% during the same period.

This chart compares the average student costs at Erie Institute of Technology Inc (in red) with that of similar universities.

Financial Aid by Income Level

93%

Undergraduates Receiving Financial Aid through Grants

79%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Erie Institute of Technology Inc received financial aid through grants or loans in 2020. This represents a growth of 13.4% with respect to 2019, when 82% of undergraduate students received financial aid.

This chart compares the average award discount at Erie Institute of Technology Inc (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

9.57%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Erie Institute of Technology Inc was 9.57%, which represents 11 out of the 115 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Erie Institute of Technology Inc has a total enrollment of 282 students. The full-time enrollment at Erie Institute of Technology Inc is 282 students and the part-time enrollment is 0. This means that 100% of students enrolled at Erie Institute of Technology Inc are enrolled full-time.

The enrolled student population at Erie Institute of Technology Inc, both undergraduate and graduate, is 84% White, 6.03% Black or African American, 6.03% Hispanic or Latino, 3.55% Asian, 0.355% American Indian or Alaska Native, 0% Native Hawaiian or Other Pacific Islanders, and 0% Two or More Races.

Students enrolled at Erie Institute of Technology Inc in full-time Undergraduate programs are most commonly White Male (78.4%), followed by White Female (5.67%) and Hispanic or Latino Male (5.32%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Erie Institute of Technology Inc, both undergraduate and graduate, is 282 students. The full-time enrollment at Erie Institute of Technology Inc is 282 and the part-time enrollment is 0. This means that 100% of students enrolled at Erie Institute of Technology Inc are enrolled full-time compared with 68.5% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Erie Institute of Technology Inc (in red) compares to similar universities.

Retention Rate over Time

75%

2020 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Erie Institute of Technology Inc was 75%. Compared with the full-time retention rate at similar Special Focus Institutions (71.5%), Erie Institute of Technology Inc had a retention rate higher than its peers.

This chart shows the retention rate over time at Erie Institute of Technology Inc (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
237
Black or African American
17
Hispanic or Latino
17

The enrolled student population at Erie Institute of Technology Inc is 84% White, 6.03% Black or African American, 6.03% Hispanic or Latino, 3.55% Asian, 0.355% American Indian or Alaska Native, 0% Native Hawaiian or Other Pacific Islanders, and 0% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 44% White, 17.3% Hispanic or Latino, and 14.4% Black or African American.

Graduates

In 2020, 71 fewer women than men received degrees from Erie Institute of Technology Inc. The most common race/ethnicity group of degree recipients at Erie Institute of Technology Inc is white (70 degrees awarded). There were 8.75 times more white graduates than the next closest race/ethnicity group, hispanic or latino (8 degrees).

The most common Bachelor's Degree concentration at Erie Institute of Technology Inc is N/A, followed by N/A and N/A.

The most specialized majors across all degree types at Erie Institute of Technology Inc, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering Technologies (64 degrees awarded) and Computer and Information Sciences and Support Services (19 degrees).

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Erie Institute of Technology Inc are Software developers (453,235 people), Computer occupations, all other (115,560 people), Other managers (114,067 people), Computer programmers (107,447 people), and Computer & information systems managers (106,969 people).

The most specialized majors at Erie Institute of Technology Inc are Engineering Technologies (64 degrees awarded) and Computer and Information Sciences and Support Services (19 degrees).

Highest Paying Jobs by Major

Cardiovascular technologists and technicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Erie Institute of Technology Inc are Cardiovascular technologists and technicians, Physicians, Magnetic resonance imaging technologists, Nuclear medicine technologists and medical dosimetrists, and Architectural & engineering managers

The most specialized majors at Erie Institute of Technology Inc are Engineering Technologies (64 degrees awarded) and Computer and Information Sciences and Support Services (19 degrees).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Erie Institute of Technology Inc are Computer Systems Design (514,164 people), Colleges, universities & professional schools, including junior colleges (81,847 people), Insurance carriers (68,500 people), Management, scientific & technical consulting services (68,016 people), and Banking & related activities (63,580 people).

The most specialized majors at Erie Institute of Technology Inc are Engineering Technologies (64 degrees awarded) and Computer and Information Sciences and Support Services (19 degrees).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Erie Institute of Technology Inc.

Most Common

N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded

In false, the most common bachelors degree concentration at Erie Institute of Technology Inc was N/A with N/A degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Erie Institute of Technology Inc according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2020

Degrees Awarded to Women

in 2020

In 2020, 77 degrees were awarded to men at Erie Institute of Technology Inc, which is 12.8 times more than the number of degrees awarded to females (6).

This chart displays the sex disparity between the top 5 majors at Erie Institute of Technology Inc by degrees awarded.

Most Common Male Majors

In false, 41 degrees were awarded to men at Erie Institute of Technology Inc in Manufacturing Engineering Technology, which is 13.7 times more than the 3 female recipients with that same degree.

Most Common Female Majors

In false, 3 degrees were awarded to women at Erie Institute of Technology Inc in Manufacturing Engineering Technology, which is 0.0732 times less than the 41 male recipients with that same degree.

Time to Complete

87%

100% Completion Time

87%

150% Completion Time

In 2020, 87% of students graduating from Erie Institute of Technology Inc completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 87% completed their degrees within 150% of the normal time, and 87% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Erie Institute of Technology Inc is Male and Hispanic or Latino (100% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (72.4%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
70 degrees awarded
Hispanic or Latino
8 degrees awarded
Black or African American
4 degrees awarded

The most common race/ethnicity at Erie Institute of Technology Inc is white (70 degrees awarded). There were 8.75 times more white recipients than the next closest race/ethnicity group, hispanic or latino (8 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Male
65 degrees awarded
Hispanic or Latino Male
7 degrees awarded
White Female
5 degrees awarded

The most common race/ethnicity and sex grouping at Erie Institute of Technology Inc is white male (65 degrees awarded). There were 9.29 times more white male recipients than the next closest race/ethnicity group, hispanic or latino male (7 degrees).

Operations

Erie Institute of Technology Inc has an endowment valued at nearly $N/A, as of the end of the 2020 fiscal year. The return on its endowment was of $0 (NaNN%), compared to the 1.87% average return ($195k on $10.4M) across all Special Focus Institutions.

In 2020, Erie Institute of Technology Inc had a total salary expenditure of $3.73M. Erie Institute of Technology Inc employs 29 Instructors, 0 N/A, and 0 N/A. Most academics at Erie Institute of Technology Inc are Male Instructors (19), Female Instructors(10), and N/A (0).

The most common positions for non-instructional staff at Erie Institute of Technology Inc are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 6 employees, Office and Administrative Support, with 3 employees, and Management with 2 employees.

Endowment

growth from 2019

This line chart shows how the endowment at Erie Institute of Technology Inc (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Two-Year: Technical Professions Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$1.74M - Federal
$489k - State
$0 - Local

As of 2020, Erie Institute of Technology Inc received $1.74M in grants and contracts from the federal government, $489k from state grants and contracts, and $0 from local grants and contracts.

Salary Expenditure

$1.62M

2020 Salaries

2.27%

growth from 2019

In 2020, Erie Institute of Technology Inc paid a median of $1.62M in salaries, which represents 43.6% of their overall expenditure ($3.73M) and a 2.27% growth from the previous year. This is compared to a 34.7% decline from 2018 and a 0.974% growth from 2017.

The median for similar Special Focus Institutions is 2.95M (42.1% of overall expenditures).

Instructional Salaries

$1.32M

Instructional Salaries

Number of Employees

In 2020, Erie Institute of Technology Inc paid a total of $1.32M to 29 employees working as instructors, which represents 81.6% of all salaries paid.

This is compared to a median of $855k (29%) for similar Special Focus Institutions.

Occupations by Share

Instructor

Most Common Instructor

29 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

6 Employees

In 2020, the most common positions for instructional staff at Erie Institute of Technology Inc were Instructor with 29 employees; false with 0 employees; and false with 0 employees.

In 2020, the most common positions for non-instructional staff at Erie Institute of Technology Inc were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 6 employees; Office and Administrative Support with 3 employees; and Management with 2 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Instructor
Female Instructor

In 2020, the most common demographic for instructional staff at Erie Institute of Technology Inc was Male Instructor with 19 employees, and Female Instructor with 10 employees.

This chart shows the sex split between each academic rank present at Erie Institute of Technology Inc.