The Erie Institute of Technology Inc reported a 1.1% decrease in tuition fees for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit institution paid $14,194 this year, which is $154 less than the $14,348 charged during the 2021-22 academic year.
Approximately 92% of the undergraduate student body at the school are residents of Pennsylvania, while about 8% come from other states.
Data indicates that 89% of full-time undergraduates who began studies at Erie Institute of Technology Inc in 2022-23 received some form of student financial aid. Specifically, 28 students were awarded grants or scholarships totaling $200,867, and 22 students secured student loans amounting to over $124,137.
Across the entire undergraduate population, 100 students benefited from grants or scholarships totaling $785,900. Additionally, 95 students obtained federal student loans totaling $590,502.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the Erie Institute of Technology Inc in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 22 | 61% | $112,687 | $5,122 |
| State / local grant or scholarship | 12 | 33% | $53,203 | $4,434 |
| Institutional grants or scholarships | 12 | 33% | $34,977 | $2,915 |
| Grant or scholarship aid total | 28 | 78% | $200,867 | $7,174 |
| Federal student loans | 22 | 61% | $117,137 | $5,324 |
| Other student loans | 0 | 3% | $0 | $0 |
| Student loan aid | 22 | 61% | $124,137 | $5,643 |
| Total student aid | 32 | 89% | $325,004 | $10,156 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
