Lake Forest College

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2020 Undergraduate Tuition
$48,920
2.6% growth from 2019
2020 Average Net Price
$26,968
After Financial Aid
2018 Student Loan
1.33%
Default Rate
2020 Acceptance Rate
57.6%
4,482 Applicants
2020 Enrolled Students
1,583
97.6% Full-Time
2020 Graduation Rate
75.2%
310 Graduates

About

Lake Forest College is a higher education institution located in Lake County, IL. In 2016, the most popular Bachelor's Degree concentrations at Lake Forest College were General Business (55 degrees awarded), Other Research & Experimental Psychology (34 degrees), and Speech Communication & Rhetoric (30 degrees).

In 2020, 464 degrees were awarded across all undergraduate and graduate programs at Lake Forest College. 64.4% of these degrees were awarded to women, and 35.6% awarded men. The most common race/ethnicity group of degree recipients was white (282 degrees), 4.21 times more than then the next closest race/ethnicity group, hispanic or latino (67 degrees).

The median undergraduate tuition at Lake Forest College is $48,920, which is $20,520 more than the national average for Baccalaureate Colleges ($28,400).

Costs

The median undergraduate tuition at Lake Forest College is $48,920, which is $20,520 more than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $26,968.

In 2020, 98% of undergraduate students attending Lake Forest College received financial aid through grants. Comparatively, 73% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$48,920
2020 Undergraduate Tuition

In 2020, the cost of tuition at Lake Forest College was $48,920. The cost of tuition at Lake Forest College is $20,520 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

This chart compares the tuition costs of Lake Forest College (in red) with those of other similar universities.

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Average Net Price

$26,968
2020 Value
3.14%
1 Year Growth

In 2020 Lake Forest College had an average net price — the price paid after factoring in grants and loans — of $26,968. Between 2019 and 2020, the average net price of Lake Forest College grew by 3.14%.

This chart compares the average net price of Lake Forest College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$10,676
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Lake Forest College was of $10,676 in 2020. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 2.75% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

98%
Undergraduates Receiving Financial Aid through Grants
73%
Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Lake Forest College received financial aid through grants or loans in 2020. This represents a growth of 2.08% with respect to 2019, when 96% of undergraduate students received financial aid.

This chart compares the average award discount at Lake Forest College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
1.33%
2018 Default Rate
5
Number of Defaults

In 2018 the default rate for borrower's at Lake Forest College was 1.33%, which represents 5 out of the 376 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Lake Forest College received 4,482 undergraduate applications in 2020, which represents a 5.42% annual decline. Out of those 4,482 applicants, 2,582 students were accepted for enrollment, representing a 57.6% acceptance rate.

There were 1,583 students enrolled at Lake Forest College in 2020, and N/A% of first-time enrollees submitted SAT scores with their applications.

Lake Forest College has an overall enrollment yield of 15%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

57.6%
Acceptance Rate in 2020
2,582
Accepted Out of 4,482

In 2020, the undergraduate acceptance rate of Lake Forest College was 57.6% (2,582 admissions from 4,482 applications). This is higher than the acceptance rate of 2019, which was 55.2%. Between 2019 and 2020, the number of applicants declined by −5.42%, while admissions declined by −1.3%.

This chart compares the acceptance rate of Lake Forest College (in red) with that of other similar universities.

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SAT Scores

N/A%
Submission Percentage
N/A
Scores Submitted

N/A% of enrolled first-time students at Lake Forest College in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Lake Forest College has a total enrollment of 1,583 students. The full-time enrollment at Lake Forest College is 1,545 students and the part-time enrollment is 38. This means that 97.6% of students enrolled at Lake Forest College are enrolled full-time.

The enrolled student population at Lake Forest College, both undergraduate and graduate, is 49.7% White, 17.5% Hispanic or Latino, 4.99% Asian, 4.17% Black or African American, 3.54% Two or More Races, 0.379% American Indian or Alaska Native, and 0.126% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Forest College in full-time Undergraduate programs are most commonly White Female (27.3%), followed by White Male (22%) and Hispanic or Latino Female (13%). Students enrolled in full-time Graduate programs are most commonly White Female (47.4%), followed by White Male (26.3%) and Asian Male (5.26%).

Full-Time vs Part-Time Enrollment

97.6%
Full-Time Enrollment

The total enrollment at Lake Forest College, both undergraduate and graduate, is 1,583 students. The full-time enrollment at Lake Forest College is 1,545 and the part-time enrollment is 38. This means that 97.6% of students enrolled at Lake Forest College are enrolled full-time compared with 80.1% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Lake Forest College (in red) compares to similar universities.

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Retention Rate over Time

84%
2020 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Lake Forest College was 84%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), Lake Forest College had a retention rate higher than its peers.

This chart shows the retention rate over time at Lake Forest College (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    787
  2. Hispanic or Latino
    277
  3. Asian
    79

The enrolled student population at Lake Forest College is 49.7% White, 17.5% Hispanic or Latino, 4.99% Asian, 4.17% Black or African American, 3.54% Two or More Races, 0.379% American Indian or Alaska Native, and 0.126% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 54.8% White, 13.8% Black or African American, and 13.4% Hispanic or Latino.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 101 students (6.38%) did not report their race.

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Graduates

In 2020, 134 more women than men received degrees from Lake Forest College. The most common race/ethnicity group of degree recipients at Lake Forest College is white (282 degrees awarded). There were 4.21 times more white graduates than the next closest race/ethnicity group, hispanic or latino (67 degrees).

The most common Bachelor's Degree concentration at Lake Forest College is General Business (55 degrees awarded), followed by Other Research & Experimental Psychology (34 degrees) and Speech Communication & Rhetoric (30 degrees).

The most specialized majors across all degree types at Lake Forest College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Philosophy and Religious Studies (13 degrees awarded), Language & Linguistics (20 degrees), and Natural Resources & Conservation (16 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lake Forest College are Elementary & middle school teachers (213,098 people), Lawyers, & judges, magistrates, & other judicial workers (202,378 people), Postsecondary teachers (147,303 people), Other managers (133,853 people), and Secondary school teachers (110,739 people).

The most specialized majors at Lake Forest College are Philosophy and Religious Studies (13 degrees awarded), Language & Linguistics (20 degrees), Natural Resources & Conservation (16 degrees), English (27 degrees), and History (12 degrees).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake Forest College are Surgeons, Clinical and counseling psychologists, Aerospace engineers, Computer hardware engineers, and Entertainers & performers, sports & related workers, all other

The most specialized majors at Lake Forest College are Philosophy and Religious Studies (13 degrees awarded), Language & Linguistics (20 degrees), Natural Resources & Conservation (16 degrees), English (27 degrees), and History (12 degrees).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake Forest College are Elementary & secondary schools (439,820 people), Colleges, universities & professional schools, including junior colleges (290,605 people), Legal services (163,061 people), Computer Systems Design (100,937 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (95,099 people).

The most specialized majors at Lake Forest College are Philosophy and Religious Studies (13 degrees awarded), Language & Linguistics (20 degrees), Natural Resources & Conservation (16 degrees), English (27 degrees), and History (12 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lake Forest College.
Most Common
  1. 55 degree-majorss awarded
  2. 34 degree-majorss awarded
  3. 30 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Lake Forest College was General Business with 55 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Lake Forest College according to their major.

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Sex Breakdown for Common Majors

165
Degrees Awarded to Men
in 2020
299
Degrees Awarded to Women
in 2020

In 2020, 165 degrees were awarded to men at Lake Forest College, which is 0.552 times less than the number of degrees awarded to females (299).

This chart displays the sex disparity between the top 5 majors at Lake Forest College by degrees awarded.

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Most Common Male Majors

In 2020, 29 degrees were awarded to men at Lake Forest College in General Business, which is 1.12 times more than the 26 female recipients with that same degree.

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Most Common Female Majors

In 2020, 33 degrees were awarded to women at Lake Forest College in Other Research & Experimental Psychology, which is 33 times more than the 1 male recipients with that same degree.

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Time to Complete

64%
100% Completion Time
69%
150% Completion Time

In 2020, 64% of students graduating from Lake Forest College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 69% completed their degrees within 150% of the normal time, and 70% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Lake Forest College is Female and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.4%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.94% of graduates (6 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    282 degrees awarded
  2. Hispanic or Latino
    67 degrees awarded
  3. Asian
    28 degrees awarded

The most common race/ethnicity at Lake Forest College is white (282 degrees awarded). There were 4.21 times more white recipients than the next closest race/ethnicity group, hispanic or latino (67 degrees).

5.82% of degree recipients (27 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    177 degrees awarded
  2. White Male
    105 degrees awarded
  3. Hispanic or Latino Female
    48 degrees awarded

The most common race/ethnicity and sex grouping at Lake Forest College is white female (177 degrees awarded). There were 1.69 times more white female recipients than the next closest race/ethnicity group, white male (105 degrees).

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Operations

Lake Forest College has an endowment valued at nearly $84.2M, as of the end of the 2020 fiscal year. The return on its endowment was of $69.6k (0.0827%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, Lake Forest College had a total salary expenditure of $62M. Lake Forest College employs 39 Assistant professors, 27 Professors, and 26 Associate professors. Most academics at Lake Forest College are Female Assistant professors (25), Male Professors(19), and Male Associate professors (14).

The most common positions for non-instructional staff at Lake Forest College are: Management, with 37 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 37 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 27 employees.

Finances

Endowment

$84.2M
2020 Endowment
3.78%
decline from 2019

Lake Forest College has an endowment valued at about $84.2M, as of the end of the 2020 fiscal year. The endowment of Lake Forest College declined 3.78% from the previous year. The value of their endowment was $44.4M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Lake Forest College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $2.1M - Federal
  2. $0 - State
  3. $0 - Local

As of 2020, Lake Forest College received $2.1M in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$23.6M
2020 Salaries
0.75%
decline from 2019

In 2020, Lake Forest College paid a median of $23.6M in salaries, which represents 38% of their overall expenditure ($62M) and a 0.75% decline from the previous year. This is compared to a 4.94% decline from 2018 and a 8.29% growth from 2017.

The median for similar Baccalaureate Colleges is 15.4M (40.8% of overall expenditures).

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Instructional Salaries

$8.15M
Instructional Salaries
104
Number of Employees

In 2020, Lake Forest College paid a total of $8.15M to 104 employees working as instructors, which represents 34.6% of all salaries paid.

This is compared to a median of $4.78M (31%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Assistant professor
Most Common Instructor
39 Employees
Management
Most Common Non-Instructional Employee
37 Employees

In 2020, the most common positions for instructional staff at Lake Forest College were Assistant professor with 39 employees; Professor with 27 employees; and Professor with 26 employees.

In 2020, the most common positions for non-instructional staff at Lake Forest College were Management with 37 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 37 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 27 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Female Assistant professor
  2. Male Professor
  3. Male Associate professor

In 2020, the most common demographic for instructional staff at Lake Forest College was Female Assistant professor with 25 employees, Male Professor with 19 employees, and Male Associate professor with 14 employees.

This chart shows the sex split between each academic rank present at Lake Forest College.

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