Erie Institute of Technology Inc

Erie, PA

Private for-profit small campus Suburb: Midsize 221 undergrads

Affordability & debt

Average net price
$30,164per year, after aid
Undergraduates with a federal loan
50%
Undergraduates receiving a Pell grant
48%need-based, not repaid
Typical debt at graduation
$10,738federal loans, students who finished
Reducing their balance within 3 years
45%of borrowers who entered repayment

What that debt costs to repay. Typical debt here is about $10,738. At 7% over 10 years — the standard federal plan — that is roughly $125 a month, about $14,961 repaid in total, of which $4,223 is interest.

Stretch the same balance over 25 years and the payment drops to $76 a month — but the total climbs to $22,768, roughly $7,807 more in interest. A smaller payment is not a smaller loan.

An estimate, not financial advice: straight amortization at a fixed rate, ignoring fees, interest accrued while enrolled, and any forgiveness or income-driven plan. Figures on this page are averages and medians — what any one family borrows and pays varies widely. Try your own numbers.

Erie Institute of Technology Inc’s net price calculator — every college is required to publish one. It is the only way to get a cost estimate based on your family’s own finances rather than an average.

Published tuition

In-state tuition
$15,264published rate
Out-of-state tuition
$15,264published rate

The sticker price before any aid. Most students pay less than this — the net price above is what aided students actually paid on average.

Outcomes

Median earnings
$41,95110 years after entry

Median earnings of former students who received federal aid, measured 10 years after they started.

Campus life

Campus setting
Suburb: Midsize

Most common fields of study

  • Engineering technology68%
  • Health professions23%
  • Computer & information sciences10%

Share of degrees awarded, by broad field.

What borrowing would really cost

Starting from the typical debt at Erie Institute of Technology Inc. Change any figure to see your own.

Federal undergraduate loans have recently been near 7%. Private loans are often higher.

Standard plan — 10 years

$125per month

Total repaid
$14,961
Interest paid
$4,223

Longer term — 25 years

$76per month

Total repaid
$22,768
Interest paid
$12,030

Borrow $10,738 and repay it over 25 years instead of 10, and you pay $7,807 more — $22,768 in all, about 2.1× what you borrowed. The monthly payment is smaller; the loan is not.

An estimate, not financial advice. Straight amortization at a fixed rate: it assumes every payment is made on time and the rate never changes, and it leaves out fees, interest that accrues while you’re still enrolled, and any forgiveness or income-driven plan. Planning4College is not a financial advisor and sells no loans. Check real terms with your school’s financial aid office and studentaid.gov.

See if Erie Institute of Technology Inc fits you

Answer a few questions and we’ll show you where it lands — reach, match, or safety — alongside schools like it.

Get your free match

Similar colleges in Pennsylvania

Data from the U.S. Department of Education’s College Scorecard and the Equity in Athletics survey. Figures reflect the most recent reporting year available and may be out of date or incomplete — confirm anything decision-critical with the college directly. Official site: Erie Institute of Technology Inc.