Lorain County Community College students pay the lowest net price of any community college in the state, according to a recent Integrated Post Secondary Education Data Systems (IPEDS) survey. This marks the third year in a row that an LCCC education has been listed as the lowest net price in Ohio.
“Maintaining affordable tuition is a crucial factor to accessibility,” said LCCC President Marcia J. Ballinger, Ph.D. “Our students and community deserve access to high quality, affordable college education.”
IPEDS is the core postsecondary education data collection program for the National Center for Education Statistics, a part of the Institute for Education Sciences within the United States Department of Education. IPEDS consists of nine interrelated survey components that are collected over three collection periods (fall, winter, and spring) each year. The data was released on June 30.
The completion of all IPEDS surveys is mandatory for all institutions that participate in or are applicants for participation in any federal financial assistance program authorized by Title IV of the Higher Education Act of 1965.
LCCC’s net price was calculated at $2,996 per year – the lowest in Ohio and 33rd lowest in the nation. The national average is $7,314. LCCC is one of only two Ohio two-year public institutions on the national list of lowest net price, the second Ohio two-year college is Eastern Gateway Community College with an average net price of $3,283, reported in the U.S. Department of Education’s College Affordability and Transparency Center. Nationally, LCCC’s net price ranks 33rd on the list of 92 institutions.
The average net price is based on subtracting the average amount of federal, state, local or institutional grant or scholarship aid from the total cost of attendance. The total cost is the sum of tuition, required fees, books, supplies and where applicable room and board.
The report indicates that 78 percent of LCCC students receive some type of financial aid. LCCC’s tuition is $118.34 per credit hour for Lorain County residents.
“We have implemented innovative programs to help students and families save on the cost of a college education and avoid student loan debt,” Ballinger said.
Some of these programs include:
- More than $1 million in scholarships and awards given directly to students each year.
- LCCC’s blanket tuition program gives students the opportunity to take up to 18 credit hours and pay for only 13 credit hours.
- The LCCC University Partnership provides pathways to bachelor’s and master’s degrees right in Lorain County, saving students an average of $50,000 on a bachelor’s degree. More than 50 bachelor’s and master’s degrees are offered by 12 colleges and universities through the University Partnership – including the new Lake Erie College Parker Master of Business Administration.
- The MyUniversity Guarantee embeds the ability for students to earn college credit for free right at area high schools. Thirty school districts are officially participating in the program to date. Last year, nearly 4,000 high school students earned more than 57,500 college credits, which saved families $9 million in community college costs or over $23 million if taken at an Ohio public university.
The Brookings Institute also recently scored LCCC highest among all Ohio community colleges in earnings for graduates in its Value-Added Report. On a value-added scale of 100 being the top score, LCCC scored a 93 for the median total earnings of its graduates with 10 years of experience.
For information about financial aid available, call LCCC’s Financial Services Center at (440) 366-4034, or visit online at www.lorainccc.edu/financialaid.