College ROI

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Erie Institute of Technology Inc

Erie, PA 221 Undergrads 71.4% Grad Rate
Share
Total Cost
$41,214
Sticker Price
Avg Net Price
$33,643
After Aid
Median Earnings
$52,590
5yr Post-Grad

Vs. Peer Institutions

Net Price$33,643
Peer Midpoint: $17,726
Earnings (5yr Post-Grad)Completers only after graduation
$52,590
Peer Midpoint: $36,184
Earnings (10yr Post-Enroll)All enrolled after enrollment
$48,360
Peer Midpoint: $36,543
Graduation Rate71.4%
Peer Midpoint: 69.9%
Average Starting Age29.6
Warning: High average starting age indicates non-traditional students with prior work experience, which may inflate the median earnings shown.
Socio-Economic Diversity
Pell Grant Recipients64.1%
Enrollment Status
Full-Time100.0%
Economic Outcomes
Earn More than HS71.9%

Admissions Profile

Acceptance
100.0%
SAT Avg
-
SAT Reading
25th: --75th: -
SAT Math
25th: --75th: -
ACT Composite
25th: --75th: -

ROI Sensitivity Analysis
Assuming 1 Year to Graduation

This analysis tests three cost scenarios (Scholarship, Average Net Price, Full Sticker Price) to show how college costs impact your long-term return compared to the average student and a high school graduate.

Lifetime Value Added (NPV)

Institution Lifetime NPV
Vs Median Peer
Vs HS Grad
Zero Cost (Scholarship)$0
+$596k
+$192k
+$109k
Median Cost$34k/yr
+$565k
+$160k
+$78k
Full Cost$41k/yr
+$558k
+$153k
+$71k

ROI Efficiency Metrics

Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
22
∞
Median Cost$34k/yr
27
250%
Full Cost$41k/yr
29
186%
Analysis Assumptions:
  • Starting Salary: Estimated from the median earnings five years after graduating, with four years of 2% raises taken out.⚠️ Warning: The high average starting age or low completion rate may inflate the Median earnings and ROI shown.
  • Comparisons: "Vs Median Peer" compares to the median student nationwide in a similar level program. "Vs HS Grad" compares to a median high school graduate.
  • Break-Even: The age at which the college investment net income exceeds the median high school graduate's lifetime earnings.
  • NPV: Net Present Value of all future earnings minus costs and taxes, discounted at 7.8%.

Social Impact ROINew

Measures the societal return on a donor's investment. Calculated as the incremental pre-tax lifetime earnings vs. HS grad, divided by the tax-adjusted donation cost.

Donor Return453%

Gov. Pell Grant ROINew

Measures the government's return on Pell Grants via increased tax revenue. Calculated as the portion of incremental lifetime taxes (discounted at 5.4%) attributed to the Pell Grant investment.

Taxpayer Return33%

Program ROI Analysis

These figures are medians for past graduates who received federal aid. Your cost and pay will differ. Run your own numbers in the Guided ROI Interview →

Certificates

Median Debt
-
Earnings (4yr)
-
Natl Median: $32,681
Lifetime Value Added
N/A
Median Debt
$10,917
Earnings (4yr)
$57,554
Natl Median: $53,078
Lifetime Value Added
+$141k
Electrical/Electronic Engineering Technologies/Technicians
CertCIP: 1503
Median Debt
-
Earnings (4yr)
-
Natl Median: $49,492
Lifetime Value Added
N/A
Median Debt
$7,839
Earnings (4yr)
$50,596
Natl Median: $45,268
Lifetime Value Added
+$68k
Heavy/Industrial Equipment Maintenance Technologies/Technicians
CertCIP: 4703
Median Debt
-
Earnings (4yr)
-
Natl Median: $62,199
Lifetime Value Added
N/A
Median Debt
$8,106
Earnings (4yr)
$49,189
Natl Median: $48,702
Lifetime Value Added
+$53k
Vehicle Maintenance and Repair Technologies/Technicians
CertCIP: 4706
Median Debt
-
Earnings (5yr)
$43,425
Natl Median: $51,586
Lifetime Value Added
-$19k

Associate's Degrees

Median Debt
$13,083
Earnings (4yr)
$49,126
Natl Median: $55,378
Lifetime Value Added
-$22k
Median Debt
-
Earnings (5yr)
$35,372
Natl Median: $41,737
Lifetime Value Added
-$168k
Electrical/Electronic Engineering Technologies/Technicians
AssocCIP: 1503
Median Debt
-
Earnings (4yr)
-
Natl Median: $67,792
Lifetime Value Added
N/A
Electromechanical Technologies/Technicians
AssocCIP: 1504
Median Debt
-
Earnings (4yr)
-
Natl Median: $73,046
Lifetime Value Added
N/A

Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate (for undergraduate programs) or a median bachelor's degree holder (for graduate programs), accounting for this institution's average cost and taxes. Computed over a career to retirement age.

For graduate programs (Master's, Doctoral, etc.), the calculation assumes a starting age of 22 (after undergraduate completion) and does not include the sunk costs of prior degrees. It represents the value added of the graduate decision moving forward. Note that the institution's average undergraduate net price is used as a proxy for annual cost, which may differ from actual graduate tuition. These Lifetime Value Added results for graduate degrees should not be compared with those for Undergraduate Certificates, Associates or Bachelors.

Completers Only: Federal median earnings data strictly reflects outcomes for students who successfully graduated. Students who do not complete their degree typically earn significantly less and face higher risks of debt default.