Analysis
With an estimated debt load of $27,000 and first-year earnings around $56,400, Lake Erie College's accounting program projects a relatively manageable debt-to-earnings ratio of 0.48—meaning graduates would owe roughly half their first year's salary. These figures, derived from similar Ohio accounting programs, align closely with both state and national medians for bachelor's-level accounting. That's encouraging in a field known for fairly predictable career trajectories and professional licensing pathways.
The challenge is context. Ohio's accounting market is competitive, with top programs like Case Western Reserve and Miami University producing graduates who earn $11,000-$12,000 more in their first year. While that gap may narrow as careers progress—especially once CPAs pass their exams—it's worth considering whether Lake Erie's network and placement support can help close that divide. The school's 64% admission rate and smaller size might offer more individualized attention, but peer program data can't tell us how effectively this specific program places students with regional accounting firms or prepares them for the CPA exam.
For a straightforward accounting career path, the estimated numbers suggest a workable investment. But given the uncertainty inherent in these estimates and the stronger outcomes visible at Ohio's flagship programs, you'll want to dig into Lake Erie's CPA pass rates and employer relationships before committing.
Where Lake Erie College Stands
Earnings vs. debt across all accounting bachelors's programs nationally
Compare to Similar Programs in Ohio
Accounting bachelors's programs at peer institutions in Ohio (57 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $36,032 | $56,441* | — | $27,000* | — | |
| $64,671 | $67,830* | $78,857 | $25,000* | 0.37 | |
| $17,809 | $67,743* | $77,503 | $23,000* | 0.34 | |
| $47,600 | $65,127* | $72,243 | $27,000* | 0.41 | |
| $12,859 | $62,399* | $77,705 | $23,284* | 0.37 | |
| $49,100 | $62,145* | $75,037 | $27,000* | 0.43 | |
| National Median | — | $53,694* | — | $25,000* | 0.47 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Lake Erie College, approximately 29% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 36 similar programs in OH. Actual outcomes may vary.