Lake Forest College

www.lakeforest.edu/

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2021 Undergraduate Tuition

$50,100

2.41% growth from 2020

2021 Average Net Price

$25,126

After Financial Aid

2019 Student Loan

1.1%

Default Rate

2021 Acceptance Rate

64.4%

4,358 Applicants

2021 Enrolled Students

1,690

97.9% Full-Time

2021 Graduation Rate

73%

260 Graduates

About

Lake Forest College is a higher education institution located in Lake County, IL. In 2021, the most popular Bachelors Degree concentrations at Lake Forest College were General Business (64 degrees awarded), Other Research & Experimental Psychology (46 degrees), and Econometrics & Quantitative Economics (32 degrees).

In 2021, 462 degrees were awarded across all undergraduate and graduate programs at Lake Forest College. 57.6% of these degrees were awarded to women, and 42.4% awarded men. The most common race/ethnicity group of degree recipients was white (248 degrees), 3.88 times more than then the next closest race/ethnicity group, hispanic or latino (64 degrees).

The median undergraduate tuition at Lake Forest College is $50,100, which is $21,595 more than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Lake Forest College is $50,100, which is $21,595 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $25,126.

In 2021, 99% of undergraduate students attending Lake Forest College received financial aid through grants. Comparatively, 50% of undergraduate students received financial aid through loans.

Tuition Costs

$50,100

2021 Undergraduate Tuition

In 2021, the cost of tuition at Lake Forest College was $50,100. The cost of tuition at Lake Forest College is $21,595 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

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

Average Net Price

$25,126

2021 Value

6.83%

1 Year Growth

In 2021 Lake Forest College had an average net price — the price paid after factoring in grants and loans — of $25,126. Between 2020 and 2021, the average net price of Lake Forest College grew by 6.83%.

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.

Other Student Expenses

$10,954

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Lake Forest College was of $10,954 in 2021. The cost of room and board increased by 2.6% between 2020 and 2021.

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.

This chart compares the average student costs at Lake Forest College (in red) with that of similar universities.

Financial Aid by Income Level

99%

Undergraduates Receiving Financial Aid through Grants

50%

Undergraduates Receiving Financial Aid through Loans

99% of undergraduate students at Lake Forest College received financial aid through grants or loans in 2021. This represents a growth of 1.02% with respect to 2020, when 98% 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.

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

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.

Admissions

Lake Forest College received 4,358 undergraduate applications in 2021, which represents a 2.77% annual growth. Out of those 4,358 applicants, 2,808 students were accepted for enrollment, representing a 64.4% acceptance rate.

There were 1,690 students enrolled at Lake Forest College in 2021. 26% of first-time enrollees submitted SAT scores with their applications.

Lake Forest College has an overall enrollment yield of 14.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

64.4%

Acceptance Rate in 2021

2,808

Accepted Out of 4,358

In 2021, the undergraduate acceptance rate of Lake Forest College was 64.4% (2,808 admissions from 4,358 applications). This is higher than the acceptance rate of 2020, which was 57.6%. Between 2020 and 2021, the number of applicants grew by 2.77%, while admissions grew by 8.75%..

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.

SAT Scores

26%

Submission Percentage (2021)

107

Scores Submitted (2021)

26% of enrolled first-time students at Lake Forest College in 2021 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.

Enrollment

Lake Forest College had a total enrollment of 1,690 students in 2021. The full-time enrollment at Lake Forest College is 1,654 students and the part-time enrollment is 36. This means that 97.9% of students enrolled at Lake Forest College are enrolled full-time.

The enrolled student population at Lake Forest College, both undergraduate and graduate, is 48.3% White, 17.6% Hispanic or Latino, 5.38% Asian, 4.08% Black or African American, 3.2% Two or More Races, 0.355% American Indian or Alaska Native, and 0.178% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Forest College in full-time Undergraduate programs are most commonly White Female (25.8%), followed by White Male (22.4%) and Hispanic or Latino Female (13%). Students enrolled in full-time Graduate programs are most commonly White Female (38.5%), followed by White Male (30.8%) and Hispanic or Latino Female (15.4%).

Full-Time vs Part-Time Enrollment

97.9%

Full-Time Enrollment

The total enrollment at Lake Forest College in 2021, both undergraduate and graduate, is 1,690 students. The full-time enrollment at Lake Forest College is 1,654 and the part-time enrollment is 36. This means that 97.9% of students enrolled at Lake Forest College are enrolled full-time compared with 79.9% 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.

Retention Rate over Time

87%

2021 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 87%. 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
816 enrolled students
Hispanic or Latino
298 enrolled students
Asian
91 enrolled students

The enrolled student population at Lake Forest College is 48.3% White, 17.6% Hispanic or Latino, 5.38% Asian, 4.08% Black or African American, 3.2% Two or More Races, 0.355% American Indian or Alaska Native, and 0.178% 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 55% White, 13.5% 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, 87 students (5.15%) did not report their race.

Graduates

In 2021, 70 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 (248 degrees awarded). There were 3.88 times more white recipients than the next closest race/ethnicity group, hispanic or latino (64 degrees).

The most common Bachelor's Degree concentration at Lake Forest College is General Business (64 degrees awarded), followed by Other Research & Experimental Psychology (46 degrees) and Econometrics & Quantitative Economics (32 degrees).

In 2021, 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. (16 degrees awarded), Cultural & Gender Studies (11 degrees), and Language & Linguistics (21 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

Most Common Job

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 (352,078 people), Other managers (250,308 people), Elementary & middle school teachers (159,389 people), Postsecondary teachers (144,652 people), and Chief executives & legislators (112,924 people).

The most specialized majors at Lake Forest College in 2021 are PHILOSOPHY AND RELIGIOUS STUDIES. (16 degrees awarded), Cultural & Gender Studies (11 degrees), Language & Linguistics (21 degrees), Natural Resources & Conservation (15 degrees), and Social Sciences (85 degrees) (as of 2021).

Highest Paying Jobs by Major

Media and communication workers, all other

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 Media and communication workers, all other, Surgeons, Securities, commodities, & financial services sales agents, Cardiovascular technologists and technicians, and Aerospace engineers

The most specialized majors at Lake Forest College are PHILOSOPHY AND RELIGIOUS STUDIES. (16 degrees awarded), Cultural & Gender Studies (11 degrees), Language & Linguistics (21 degrees), Natural Resources & Conservation (15 degrees), and Social Sciences (85 degrees) (as of 2021).

Common Industries by Major

Elementary & secondary schools

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 (362,589 people), Colleges, universities & professional schools, including junior colleges (307,622 people), Legal services (278,530 people), Justice, public order, & safety activities (181,287 people), and Computer Systems Design (177,091 people).

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 (2021)

General Business
64 degree-majors awarded
Other Research & Experimental Psychology
46 degree-majors awarded
Econometrics & Quantitative Economics
32 degree-majors awarded

In 2021, the most common bachelors degree concentration at Lake Forest College was General Business with 64 degrees awarded.

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

Sex Breakdown for Common Majors

196

Degrees Awarded to Men

in 2021

266

Degrees Awarded to Women

in 2021

In 2021, 196 degrees were awarded to men at Lake Forest College, which is 0.737 times less than the number of degrees awarded to females (266).

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

Most Common Male Majors

In 2021, 37 degrees were awarded to men at Lake Forest College in General Business, which is 1.37 times more than the 27 female recipients with that same degree.

Most Common Female Majors

In 2021, 37 degrees were awarded to men at Lake Forest College in Other Research & Experimental Psychology, which is 4.11 times more than the 9 male recipients with that same degree.

Time to Complete

71%

100% Completion Time

77%

150% Completion Time

In 2021, 71% of students graduating from Lake Forest College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 77% completed their degrees within 150% of the normal time, and 77% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Black or African American Female

Highest Graduation Rate (81.8%)

The student demographic with the highest graduation rate in 2021 at Lake Forest College is Female and Black or African American (81.8% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.9%).

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, 3.08% of graduates (8 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
248 degrees awarded
Hispanic or Latino
64 degrees awarded
Asian
29 degrees awarded

The most common race/ethnicity at Lake Forest College is white (248 degrees awarded). There were 3.88 times more white recipients than the next closest race/ethnicity group, hispanic or latino (64 degrees).

7.36% of degree recipients (34 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
138 degrees awarded
White Male
110 degrees awarded
Hispanic or Latino Female
43 degrees awarded

The most common race/ethnicity and sex grouping at Lake Forest College is white female (138 degrees awarded). There were 1.25 times more white female recipients than the next closest race/ethnicity group, white male (110 degrees).

Operations

Lake Forest College has an endowment valued at nearly $105M, as of the end of the 2021 fiscal year. The return on its endowment was of 22.2M (21.3%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Lake Forest College had a total salary expenditure of 53.9M. Lake Forest College employs 48 Assistant professors, 31 Associate professors and 24 Professors. Most academics at Lake Forest College are Female Assistant professor (30), Male Assistant professor (18), and Male Professor (17).

The most common positions for non-instructional staff at Lake Forest College are: Management, with 38 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 35 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 29 employees.

Endowment

$105M

2021 Endowment

24.2%

growth from 2020

Lake Forest College has an endowment valued at about $105M, as of the end of the 2021 fiscal year. The endowment of Lake Forest College grew 24.2% from the previous year. The value of their endowment was $52.2M 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.

Salary Expenditure

$22.3M

2021 Salaries

5.27%

decline from 2020

In 2021, Lake Forest College paid a median of $22.3M in salaries, which represents 41.4% of their overall expenditure ($53.9M) and a 5.27% decline from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$8.21M

Instructional Salaries

107

Number of Employees

In 2021, Lake Forest College paid a total of $8.21M to 107 employees working as instructors, which represents 36.8% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

48 Employees

Management

Most Common Non-Instructional Employee

38 Employees

In 2021, the most common positions for instructional staff at Lake Forest College were Assistant professor with 48 employees, Associate professor with 31 employees, and Professor with 24 employees.

In 2021, the most common positions for non-instructional staff at Lake Forest College were Management with 38 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 35 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 29 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Assistant professor
Male Assistant professor
Male Professor

In 2021, the most common demographic for instructional staff at Lake Forest College was Female Assistant professor with 30 employees, Male Assistant professor with 18 employees, and Male Professor with 17 employees.

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