Erie Institute of Technology Inc

www.erieit.edu

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2023 Undergraduate Tuition

$15,768

28.4% growth from 2022

2023 Average Net Price

$18,218

After Financial Aid

2020 Default Rate

on Student Loans

2023 Enrolled Students

183

100% Full-Time

2023 Graduation Rate

84.1%

69 Graduates

About

Erie Institute of Technology Inc is a higher education institution located in Erie County, PA. In 2023, the most popular 1 to 2 Year Postsecondary Certificate concentrations at Erie Institute of Technology Inc were Manufacturing Engineering Technology (43 degrees awarded) and Electrical, Electronic, & Communications Engineering Technology (25 degrees).

In 2023, 102 degrees were awarded across all undergraduate and graduate programs at Erie Institute of Technology Inc. 8.82% of these degrees were awarded to women, and 91.2% awarded men. The most common race/ethnicity group of degree recipients was white (89 degrees), 11.1 times more than then the next closest race/ethnicity group, black or african american (8 degrees).

The median undergraduate tuition at Erie Institute of Technology Inc is $15,768, which is $604 more than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at Erie Institute of Technology Inc was 0%, corresponding to 0 out of the 122 total borrowers.

Special Focus Two-Year: Technical Professions Special Focus Institutions

Costs

In 2023, the median undergraduate tuition at Erie Institute of Technology Inc is $15,768, which is $604 more than the national average for Special Focus Institutions ($15,164).

After taking grants and loans into account, the average net price for students is $18,218.

In 2023, 71% of undergraduate students attending Erie Institute of Technology Inc received financial aid through grants. Comparatively, 68% of undergraduate students received financial aid through loans.

Tuition Costs

$15,768

2023 Undergraduate Tuition

In 2023, the cost of tuition at Erie Institute of Technology Inc was $15,768. The cost of tuition at Erie Institute of Technology Inc is $604 more than than the overall (public and private) national average for Special Focus Institutions ($15,164).

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

Average Net Price

$18,218

2023 Value

15.5%

1 Year Growth

In 2023 Erie Institute of Technology Inc had an average net price — the price paid after factoring in grants and loans — of $18,218. Between 2022 and 2023, the average net price of Erie Institute of Technology Inc grew by 15.5%.

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

$2,085

Books and Supplies

The average yearly cost of room and board at Erie Institute of Technology Inc was of $8,550 in 2023. The cost of room and board did not change between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $2,085. The cost of books and supplies decreased by 13.3% 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

71%

Undergraduates Receiving Financial Aid through Grants

68%

Undergraduates Receiving Financial Aid through Loans

71% of undergraduate students at Erie Institute of Technology Inc received financial aid through grants or loans in 2023. This represents a decline of 25.3% with respect to 2022, when 95% 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Erie Institute of Technology Inc was 0%, which represents 0 out of the 122 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 had a total enrollment of 183 students in 2023. The full-time enrollment at Erie Institute of Technology Inc is 183 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 84.2% White, 10.4% Black or African American, 2.19% Hispanic or Latino, 2.19% Asian, and 1.09% Two or More Races.

Students enrolled at Erie Institute of Technology Inc in full-time Undergraduate programs are most commonly White Male (70.8%), followed by White Female (16%) and Black or African American Male (6.27%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Erie Institute of Technology Inc in 2023, both undergraduate and graduate, is 183 students. The full-time enrollment at Erie Institute of Technology Inc is 183 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 70.4% 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

78%

2023 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 78%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), 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 (2023)

White
154 enrolled students
Black or African American
19 enrolled students
Hispanic or Latino
4 enrolled students

The enrolled student population at Erie Institute of Technology Inc is 84.2% White, 10.4% Black or African American, 2.19% Hispanic or Latino, 2.19% Asian, and 1.09% 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 41.6% White, 19.6% Hispanic or Latino, and 14.5% Black or African American.

Graduates

In 2023, 84 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 (89 degrees awarded). There were 11.1 times more white recipients than the next closest race/ethnicity group, black or african american (8 degrees).

The most common 1 to 2 Year Postsecondary Certificate concentration at Erie Institute of Technology Inc is Manufacturing Engineering Technology (43 degrees awarded), followed by Electrical, Electronic, & Communications Engineering Technology (25 degrees).

In 2023, 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 (78 degrees awarded), Computer and Information Sciences and Support Services (23 degrees), and Health (1 degrees).

Common Jobs by Major

Registered nurses

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 Registered nurses (1,462,982 people), Software developers (618,947 people), Other managers (197,150 people), Medical & health services managers (162,202 people), and Nurse practitioners & nurse midwives (153,074 people).

The most specialized majors at Erie Institute of Technology Inc in 2023 are Engineering Technologies (78 degrees awarded), Computer and Information Sciences and Support Services (23 degrees), and Health (1 degrees) (as of 2023).

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, Surgeons, Physicians, Architectural & engineering managers, and Physician assistants

The most specialized majors at Erie Institute of Technology Inc are Engineering Technologies (78 degrees awarded), Computer and Information Sciences and Support Services (23 degrees), and Health (1 degrees) (as of 2023).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

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 General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,543,036 people), Computer Systems Design (610,819 people), Elementary & secondary schools (284,339 people), Outpatient care centers (249,989 people), and Colleges, universities & professional schools, including junior colleges (218,935 people).

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 (2023)

Manufacturing Engineering Technology
43 degrees awarded
Electrical, Electronic, & Communications Engineering Technology
25 degrees awarded

In 2023, the most common 1 to 2 year postsecondary certificate concentration at Erie Institute of Technology Inc was Manufacturing Engineering Technology with 43 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Erie Institute of Technology Inc according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 93 degrees were awarded to men at Erie Institute of Technology Inc, which is 10.3 times more than the number of degrees awarded to females (9).

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 2023, 40 degrees were awarded to men at Erie Institute of Technology Inc in Manufacturing Engineering Technology, which is 13.3 times more than the 3 female recipients with that same degree.

Most Common Female Majors

In 2023, 3 degrees were awarded to men at Erie Institute of Technology Inc in Manufacturing Engineering Technology, which is 0.075 times less than the 40 male recipients with that same degree.

Time to Complete

70%

100% Completion Time

70%

150% Completion Time

In 2023, 70% 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, 70% completed their degrees within 150% of the normal time, and 70% 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.

White Male

Highest Graduation Rate (88.7%)

The student demographic with the highest graduation rate in 2023 at Erie Institute of Technology Inc is Male and White (88.7% graduation rate). Across all Special Focus Institutions, Non-resident Alien Male students have the highest graduation rate (65.7%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
89 degrees awarded
Black or African American
8 degrees awarded
Hispanic or Latino
3 degrees awarded

The most common race/ethnicity at Erie Institute of Technology Inc is white (89 degrees awarded). There were 11.1 times more white recipients than the next closest race/ethnicity group, black or african american (8 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
82 degrees awarded
White Female
7 degrees awarded
Black or African American Male
7 degrees awarded

The most common race/ethnicity and sex grouping at Erie Institute of Technology Inc is white male (82 degrees awarded). There were 11.7 times more white male recipients than the next closest race/ethnicity group, white female (7 degrees).

Operations

Erie Institute of Technology Inc employs 15 Instructors. Most academics at Erie Institute of Technology Inc are Male Instructor (12), and Female Instructor (3).

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 5 employees, Management, with 3 employees, and Business and Financial Operations with 1 employees.

Government Grants and Contracts

Grants & Contracts

$1.25M - Federal
$298k - State
$1.1k - Local

As of 2023, Erie Institute of Technology Inc received $1.25M in grants and contracts from the federal government, $298k from state grants and contracts, and $1.1k from local grants and contracts.

Salary Expenditure

$1.56M

2023 Salaries

20.3%

decline from 2022

In 2023, Erie Institute of Technology Inc paid a median of $1.56M in salaries, a 20.3% decline from the previous year. This is compared to a 22.9% growth between 2021 and 2022, and a 1.91% decline between 2020 and 2021.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$790k

Instructional Salaries

Number of Employees

In 2023, Erie Institute of Technology Inc paid a total of $790k to 15 employees working as instructors, which represents 50.6% of all salaries paid.

This is compared to a median of $208k (5.9%) for similar Special Focus Institutions.

Occupations by Share

Instructor

Most Common Instructor

15 Employees

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

Most Common Non-Instructional Employee

5 Employees

In 2023, the most common positions for instructional staff at Erie Institute of Technology Inc was Instructor with 15 employees.

In 2023, 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 5 employees, Management with 3 employees, and Business and Financial Operations with 1 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Instructor
Female Instructor

In 2023, the most common demographic for instructional staff at Erie Institute of Technology Inc was Male Instructor with 12 employees, and Female Instructor with 3 employees.

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

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