At $18,299/yr net price, Great Lakes Institute of Technology graduates earn $28,704/yr within 10 years of enrollment.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $18,299 |
| Estimated 4-Year Cost | $73,196 |
| Median Earnings (10yr post-entry) | $28,704/yr |
| Earnings Premium vs. HS Diploma | $-5,296/yr |
| Graduation Rate (6-year) | 57.1% |
| Median Debt at Graduation | $11,250 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $17,348/yr |
| $30,001 - $48,000 | $18,661/yr |
| $48,001 - $75,000 | $18,557/yr |
| $75,001 - $110,000 | $20,557/yr |
| $110,001+ | $23,555/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Allied Health Diagnostic, Intervention, and Treatment Professions. | Associate | $38,649 | $17,000 |
| Dental Support Services and Allied Professions. | Certificate | $22,130 | $10,403 |
| Somatic Bodywork and Related Therapeutic Services. | Certificate | $21,234 | $9,499 |
| Allied Health and Medical Assisting Services. | Certificate | $21,052 | $11,138 |
| Health and Medical Administrative Services. | Certificate | $19,749 | |
| Veterinary/Animal Health Technologies/Technicians. | Certificate | $19,113 | $7,180 |
| Cosmetology and Related Personal Grooming Services. | Certificate | $18,600 | $11,906 |
The Risk Factor
57.1% of students at Great Lakes Institute of Technology graduate within 6 years. More than half of students finish, but the dropout rate is a real factor in whether this investment pays off.
Analysis
Great Lakes Institute of Technology delivers weak financial returns for most students, with median earnings of just $28,704 ten years after graduation against an annual net price of $18,299.
Allied Health Diagnostic programs offer the only solid ROI pathway at this school, producing $38,649 in median earnings that justify the higher $17,000 debt load. All other programs fall short financially. Dental Support Services graduates earn only $22,130 despite completing a healthcare program, while Medical Assisting and Health Administrative Services produce earnings below $22,000. These low-paying outcomes make the debt burden problematic even at relatively modest levels.
The 57% graduation rate creates additional financial risk. If you drop out, you face loan payments without the credential needed to access even the school's limited higher-paying positions. The for-profit structure means fewer grant opportunities and heavier reliance on loans compared to community colleges offering similar programs.
This school works financially only if you can secure admission to Allied Health Diagnostic programs and complete the degree. For all other programs, your local community college likely offers better value with lower costs and equivalent job prospects. The 68% of students receiving financial aid suggests the school may offer some merit-based assistance, but the overall economics remain challenging.
You should consider Great Lakes Institute of Technology only if you cannot access Allied Health Diagnostic training elsewhere and can afford the full cost without borrowing. For most students seeking healthcare training, community colleges in the region provide better financial outcomes.
Frequently Asked Questions
Is Great Lakes Institute of Technology worth the cost?
Great Lakes Institute of Technology shows mixed value with graduates earning $28,704 annually against an $18,299 yearly cost. The relatively low debt of $11,250 helps, but earnings remain below average for technical programs.
What are the best paying programs at Great Lakes Institute of Technology?
Allied Health Diagnostic programs offer the strongest ROI at Great Lakes Institute of Technology, with graduates earning $38,649 annually. Other health programs like dental support and medical assisting pay significantly less at around $21,000-22,000.
How much debt do Great Lakes Institute of Technology graduates have?
Great Lakes Institute of Technology graduates carry a median debt of $11,250, which is manageable compared to many schools. However, with average earnings of $28,704, loan payments could still strain budgets for lower-paying program graduates.
Does Great Lakes Institute of Technology have good job placement rates?
Great Lakes Institute of Technology has a 57% graduation rate, which is concerning for program completion. The school doesn't publish specific job placement data, making it difficult to assess actual employment outcomes after graduation.