Private for-profit · COLLEGE PAYOFF

Great Lakes Institute of Technology

Erie, PA · 8 reportable field-and-credential outcomes

MODELED SCENARIO · Negative payoff

−$413,650 over 10 years

Modeled from observed year-5 institution earnings and the institution-wide average net price over four years.

At these assumptions, the estimated earnings premium does not recover the modeled economic investment within ten years.

Modeled economic break-even
−165%Modeled 10-year ROI
$28,651Observed earnings · year 5
Economic ROI includes direct price and earnings forgone during study · $45,000 comparison earnings · values held flat · see the formula
ECONOMIC INVESTMENT → PAYBACK

Estimated payoff over ten years.

The scenario counts direct price and earnings forgone upfront, then applies the reported annual earnings premium.

10-YEAR PAYOFF CURVECumulative economic payoff after graduation
−$413,650at year 10
Net gainInvestment not yet recovered
NET GAIN$0UNRECOVERED
−$250,1600
2
4
6
8
−$413,65010
Years after graduationBreak-even: years
FEDERAL COST DATA

Four ways to read college price.

Annual college-wide figures from the current College Scorecard release. Average net price covers full-time, first-time undergraduates receiving federal aid; public-college figures use in-state students. Program tuition and individual aid offers may differ.

Published in-state tuitionNot available
Sticker price
Published out-of-state tuitionNot available
Sticker price
Average net price$17,540
Title IV student average
Cost of attendance$23,028
Tuition + living budget
PRICE SOURCECollege reported · annual amount · federal dataset
OBSERVED FEDERAL MEASURES

Cost, completion and earnings context

$17,540Average net price / year
$23,028Cost of attendance
$28,651Median earnings · year 5 after completion
63.7%Completion rate
Not availableAdmission rate
335Student size
NATIONAL CONTEXT

How this college compares

Percentiles compare this institution with currently operating colleges that report the same federal measure.

20thEarnings percentile
58thCompletion percentile
EARNINGS PATH

Reported earnings over time

$25,428Year 1
$32,970Year 4
$28,651Year 5

Separate federal cohorts may underlie different measurement years.

PROGRAM PAYOFF SPREAD

The college average is not the whole story.

Observed earnings vary substantially by field and credential at the same institution.

1Allied Health Diagnostic, Intervention, and Treatment Professions · Associate's Degree$52,5512Practical Nursing, Vocational Nursing and Nursing Assistants · Undergraduate Certificate or Diploma$40,8113Allied Health and Medical Assisting Services · Undergraduate Certificate or Diploma$34,0484Veterinary/Animal Health Technologies/Technicians · Undergraduate Certificate or Diploma$33,9775Health and Medical Administrative Services · Associate's Degree$33,7746Dental Support Services and Allied Professions · Undergraduate Certificate or Diploma$31,9977Cosmetology and Related Personal Grooming Services · Undergraduate Certificate or Diploma$21,745

Observed year-4 earnings · compare like fields and credentials before deciding

BUILD A REAL SHORTLIST

Comparable colleges in PA

Currently operating private for-profit institutions with the closest combination of annual net price and observed year-5 earnings. Similarity is descriptive—not a quality ranking.

Altoona, PA

The Salon Professional Academy-Altoona

Annual net price
$15,796
Observed earnings · year 5
$29,303
Modeled 10-year ROI
-165%
Open college profile →
Monroeville, PA

Bella Capelli Academy

Annual net price
$20,459
Observed earnings · year 5
$27,890
Modeled 10-year ROI
-165%
Open college profile →
Wyomissing, PA

Miller-Motte College-Berks Technical Institute

Annual net price
$19,518
Observed earnings · year 5
$31,123
Modeled 10-year ROI
-154%
Open college profile →
Philadelphia, PA

Jean Madeline Aveda Institute

Annual net price
$19,986
Observed earnings · year 5
$26,475
Modeled 10-year ROI
-171%
Open college profile →
ALL REPORTABLE PROGRAM CATEGORIES

Explore exact field-and-credential outcomes

Federal fieldCredentialEarnings, year 4Federal debt
Allied Health Diagnostic, Intervention, and Treatment ProfessionsAssociate's Degree$52,551$21,253
Practical Nursing, Vocational Nursing and Nursing AssistantsUndergraduate Certificate or Diploma$40,811$23,958
Allied Health and Medical Assisting ServicesUndergraduate Certificate or Diploma$34,048$11,629
Veterinary/Animal Health Technologies/TechniciansUndergraduate Certificate or Diploma$33,977$10,208
Health and Medical Administrative ServicesAssociate's Degree$33,774Not available
Dental Support Services and Allied ProfessionsUndergraduate Certificate or Diploma$31,997$10,690
Cosmetology and Related Personal Grooming ServicesUndergraduate Certificate or Diploma$21,745$12,253
Somatic Bodywork and Related Therapeutic ServicesUndergraduate Certificate or DiplomaNot available$9,500

Earnings, price, completion and enrollment are observed federal measures. ROI, payoff and break-even are modeled scenarios built from those measures and fixed assumptions. College payoff is not the payoff of every degree at this school; use the program table for a more precise comparison.