Lake Forest College

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2022 Undergraduate Tuition
$52,000
3.79% growth from 2021
2022 Average Net Price
$27,839
After Financial Aid
2019 Default Rate
1.1%
on Student Loans
2022 Acceptance Rate
59.7%
4,665 Applicants
2022 Enrolled Students
1,753
96.9% Full-Time
2022 Graduation Rate
77.8%
280 Graduates

About

Lake Forest College is a higher education institution located in Lake County, IL. In 2022, the most popular Bachelors Degree concentrations at Lake Forest College were General Business (53 degrees awarded), Other Research & Experimental Psychology (41 degrees), and General Biological Sciences (40 degrees).

In 2022, 483 degrees were awarded across all undergraduate and graduate programs at Lake Forest College. 62.9% of these degrees were awarded to women, and 37.1% awarded men. The most common race/ethnicity group of degree recipients was white (249 degrees), 4.15 times more than then the next closest race/ethnicity group, hispanic or latino (60 degrees).

The median undergraduate tuition at Lake Forest College is $52,000, which is $23,670 more than the national average for Baccalaureate Colleges ($28,330).

Costs

In 2022, the median undergraduate tuition at Lake Forest College is $52,000, which is $23,670 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $27,839.

In 2022, 100% of undergraduate students attending Lake Forest College received financial aid through grants. Comparatively, 72% of undergraduate students received financial aid through loans.

Tuition Costs

$52,000
2022 Undergraduate Tuition

In 2022, the cost of tuition at Lake Forest College was $52,000. The cost of tuition at Lake Forest College is $23,670 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

$27,839
2022 Value
10.8%
1 Year Growth

In 2022 Lake Forest College had an average net price — the price paid after factoring in grants and loans — of $27,839. Between 2021 and 2022, the average net price of Lake Forest College grew by 10.8%.

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

$11,498
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Lake Forest College was of $11,498 in 2022. The cost of room and board increased by 4.97% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

100%
Undergraduates Receiving Financial Aid through Grants
72%
Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Lake Forest College received financial aid through grants or loans in 2022. This represents a growth of 1.01% with respect to 2021, when 99% 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.
1.1%
2019 Default Rate
4
Number of Defaults

In 2019 the default rate for borrower's at Lake Forest College was 1.1%, which represents 4 out of the 364 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 4,665 undergraduate applications in 2022, which represents a 7.04% annual growth. Out of those 4,665 applicants, 2,786 students were accepted for enrollment, representing a 59.7% acceptance rate.

There were 1,753 students enrolled at Lake Forest College in 2022. 19% of first-time enrollees submitted SAT scores with their applications.

Lake Forest College has an overall enrollment yield of 16%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

59.7%
Acceptance Rate in 2022
2,786
Accepted Out of 4,665

In 2022, the undergraduate acceptance rate of Lake Forest College was 59.7% (2,786 admissions from 4,665 applications). This is lower than the acceptance rate of 2021, which was 64.4%. Between 2021 and 2022, the number of applicants grew by 7.04%, while admissions declined by −0.783%..

This chart compares the acceptance rate of Lake Forest College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

19%
Submission Percentage (2022)
86
Scores Submitted (2022)

19% of enrolled first-time students at Lake Forest College in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

Lake Forest College had a total enrollment of 1,753 students in 2022. The full-time enrollment at Lake Forest College is 1,698 students and the part-time enrollment is 55. This means that 96.9% of students enrolled at Lake Forest College are enrolled full-time.

The enrolled student population at Lake Forest College, both undergraduate and graduate, is 47.5% White, 20.1% Hispanic or Latino, 6.22% Asian, 3.42% Black or African American, 3.08% Two or More Races, 0.399% American Indian or Alaska Native, and 0.171% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Forest College in full-time Undergraduate programs are most commonly White Female (25%), followed by White Male (22.6%) and Hispanic or Latino Female (14.2%). Students enrolled in full-time Graduate programs are most commonly White Female (61.5%), followed by White Male (15.4%) and Native Hawaiian or Other Pacific Islanders Female (7.69%).

Full-Time vs Part-Time Enrollment

96.9%
Full-Time Enrollment

The total enrollment at Lake Forest College in 2022, both undergraduate and graduate, is 1,753 students. The full-time enrollment at Lake Forest College is 1,698 and the part-time enrollment is 55. This means that 96.9% of students enrolled at Lake Forest College are enrolled full-time compared with 79.6% 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

85%
2022 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 85%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), 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 (2022)
  1. White
    832 enrolled students
  2. Hispanic or Latino
    353 enrolled students
  3. Asian
    109 enrolled students

The enrolled student population at Lake Forest College is 47.5% White, 20.1% Hispanic or Latino, 6.22% Asian, 3.42% Black or African American, 3.08% Two or More Races, 0.399% American Indian or Alaska Native, and 0.171% 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 54.3% White, 13.8% Hispanic or Latino, and 13.1% Black or African American.

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, 70 students (3.99%) did not report their race.

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Graduates

In 2022, 125 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 (249 degrees awarded). There were 4.15 times more white recipients than the next closest race/ethnicity group, hispanic or latino (60 degrees).

The most common Bachelor's Degree concentration at Lake Forest College is General Business (53 degrees awarded), followed by Other Research & Experimental Psychology (41 degrees) and General Biological Sciences (40 degrees).

In 2022,  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 (14 degrees awarded), Language & Linguistics (16 degrees), and English (24 degrees).

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 Lawyers, & judges, magistrates, & other judicial workers (446,787 people), Physicians (433,297 people), Other managers (379,111 people), Postsecondary teachers (297,875 people), and Elementary & middle school teachers (282,246 people).

The most specialized majors at Lake Forest College in 2022 are Philosophy and Religious Studies (14 degrees awarded), Language & Linguistics (16 degrees), English (24 degrees), Social Sciences (82 degrees), and Biology (73 degrees) (as of 2022).

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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, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, Nuclear medicine technologists and medical dosimetrists, and Physicians

The most specialized majors at Lake Forest College are Philosophy and Religious Studies (14 degrees awarded), Language & Linguistics (16 degrees), English (24 degrees), Social Sciences (82 degrees), and Biology (73 degrees) (as of 2022).

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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 (683,708 people), Colleges, universities & professional schools, including junior colleges (650,621 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (594,764 people), Legal services (358,640 people), and Computer Systems Design (285,183 people).

The most specialized majors at Lake Forest College are Philosophy and Religious Studies (14 degrees awarded), Language & Linguistics (16 degrees), English (24 degrees), Social Sciences (82 degrees), and Biology (73 degrees) (as of 2022).

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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 (2022)
  1. 53 degrees awarded
  2. 41 degrees awarded
  3. 40 degrees awarded

In 2022, the most common bachelors degree concentration at Lake Forest College was General Business with 53 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

179
Degrees Awarded to Men
in 2022
304
Degrees Awarded to Women
in 2022

In 2022, 179 degrees were awarded to men at Lake Forest College, which is 0.589 times less than the number of degrees awarded to females (304).

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 2022, 25 degrees were awarded to men at Lake Forest College in General Business, which is 0.893 times less than the 28 female recipients with that same degree.

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Most Common Female Majors

In 2022, 34 degrees were awarded to men at Lake Forest College in Other Research & Experimental Psychology, which is 4.86 times more than the 7 male recipients with that same degree.

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Time to Complete

69%
100% Completion Time
75%
150% Completion Time

In 2022, 69% of students graduating from Lake Forest College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 75% completed their degrees within 150% of the normal time, and 75% 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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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Lake Forest College is Male and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

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, 2.86% of graduates (8 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    249 degrees awarded
  2. Hispanic or Latino
    60 degrees awarded
  3. Black or African American
    28 degrees awarded

The most common race/ethnicity at Lake Forest College is white (249 degrees awarded). There were 4.15 times more white recipients than the next closest race/ethnicity group, hispanic or latino (60 degrees).

7.87% of degree recipients (38 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    151 degrees awarded
  2. White Male
    98 degrees awarded
  3. Hispanic or Latino Female
    47 degrees awarded

The most common race/ethnicity and sex grouping at Lake Forest College is white female (151 degrees awarded). There were 1.54 times more white female recipients than the next closest race/ethnicity group, white male (98 degrees).

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Operations

Lake Forest College has an endowment valued at nearly $105M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−5.45%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Lake Forest College had a total salary expenditure of 61.4M. Lake Forest College employs 45 Assistant professors, 32 Associate professors and 27 Professors. Most academics at Lake Forest College are Female Assistant professor (30), Male Professor (19), and Male Associate professor (16).

The most common positions for non-instructional staff at Lake Forest College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 39 employees, Management, with 38 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 33 employees.

Endowment

$105M
2022 Endowment
0.704%
growth from 2021

Lake Forest College has an endowment valued at about $105M, as of the end of the 2022 fiscal year. The endowment of Lake Forest College grew 0.704% from the previous year. The value of their endowment was $56M 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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Salary Expenditure

$24.8M
2022 Salaries
11.1%
growth from 2021

In 2022, Lake Forest College paid a median of $24.8M in salaries, which represents 40.4% of their overall expenditure ($61.4M) and a 11.1% growth from the previous year.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

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Instructional Salaries

$9M
Instructional Salaries
112
Number of Employees

In 2022, Lake Forest College paid a total of $9M to 112 employees working as instructors, which represents 36.3% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

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Occupations by Share

Assistant professor
Most Common Instructor
45 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
39 Employees

In 2022, the most common positions for instructional staff at Lake Forest College were Assistant professor with 45 employees, Associate professor with 32 employees, and Professor with 27 employees.

In 2022, the most common positions for non-instructional staff at Lake Forest College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 39 employees, Management with 38 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 33 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Assistant professor
  2. Male Professor
  3. Male Associate professor

In 2022, the most common demographic for instructional staff at Lake Forest College was Female Assistant professor with 30 employees, Male Professor with 19 employees, and Male Associate professor with 16 employees.

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

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