Lake Forest College

www.lakeforest.edu

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2023 Undergraduate Tuition

$53,300

2.5% growth from 2022

2023 Average Net Price

$29,894

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

59.4%

4,811 Applicants

2023 Enrolled Students

1,818

97.9% Full-Time

2023 Graduation Rate

70.4%

250 Graduates

About

Lake Forest College is a higher education institution located in Lake County, IL. In 2023, the most popular Bachelors Degree concentrations at Lake Forest College were Other Research & Experimental Psychology (60 degrees awarded), General Business (47 degrees), and General Finance (31 degrees).

In 2023, 496 degrees were awarded across all undergraduate and graduate programs at Lake Forest College. 63.5% of these degrees were awarded to women, and 36.5% awarded men. The most common race/ethnicity group of degree recipients was white (247 degrees), 2.15 times more than then the next closest race/ethnicity group, hispanic or latino (115 degrees).

The median undergraduate tuition at Lake Forest College is $53,300, which is $24,020 more than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Lake Forest College was 0%, corresponding to 0 out of the 333 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Lake Forest College is $53,300, which is $24,020 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $29,894.

In 2023, 100% of undergraduate students attending Lake Forest College received financial aid through grants. Comparatively, 71% of undergraduate students received financial aid through loans.

Tuition Costs

$53,300

2023 Undergraduate Tuition

In 2023, the cost of tuition at Lake Forest College was $53,300. The cost of tuition at Lake Forest College is $24,020 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$29,894

2023 Value

7.38%

1 Year Growth

In 2023 Lake Forest College had an average net price — the price paid after factoring in grants and loans — of $29,894. Between 2022 and 2023, the average net price of Lake Forest College grew by 7.38%.

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

$11,898

Room and Board

$1,140

Books and Supplies

The average yearly cost of room and board at Lake Forest College was of $11,898 in 2023. The cost of room and board increased by 3.48% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,140. The cost of books and supplies increased by 14% 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

100%

Undergraduates Receiving Financial Aid through Grants

71%

Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Lake Forest College received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, when 100% 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Lake Forest College was 0%, which represents 0 out of the 333 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 4,811 undergraduate applications in 2023, which represents a 3.13% annual growth. Out of those 4,811 applicants, 2,858 students were accepted for enrollment, representing a 59.4% acceptance rate.

There were 1,818 students enrolled at Lake Forest College in 2023. 16% 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

59.4%

Acceptance Rate in 2023

2,858

Accepted Out of 4,811

In 2023, the undergraduate acceptance rate of Lake Forest College was 59.4% (2,858 admissions from 4,811 applications). This is lower than the acceptance rate of 2022, which was 59.7%. Between 2022 and 2023, the number of applicants grew by 3.13%, while admissions grew by 2.58%.

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

16%

Submission Percentage (2023)

Scores Submitted (2023)

16% of enrolled first-time students at Lake Forest College in 2023 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.

Enrollment

Lake Forest College had a total enrollment of 1,818 students in 2023. The full-time enrollment at Lake Forest College is 1,780 students and the part-time enrollment is 38. 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 46.9% White, 18.3% Hispanic or Latino, 6.16% Asian, 3.41% Two or More Races, 3.41% Black or African American, 0.22% American Indian or Alaska Native, and 0.055% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Forest College in full-time Undergraduate programs are most commonly White Female (24.7%), followed by White Male (22.5%) and Hispanic or Latino Female (13.3%). Students enrolled in full-time Graduate programs are most commonly White Female (55.2%), followed by White Male (13.8%) and Native Hawaiian or Other Pacific Islanders Female (3.45%).

Full-Time vs Part-Time Enrollment

97.9%

Full-Time Enrollment

The total enrollment at Lake Forest College in 2023, both undergraduate and graduate, is 1,818 students. The full-time enrollment at Lake Forest College is 1,780 and the part-time enrollment is 38. This means that 97.9% of students enrolled at Lake Forest College are enrolled full-time compared with 78.8% 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

86%

2023 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 86%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), 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 (2023)

White
852 enrolled students
Hispanic or Latino
332 enrolled students
Asian
112 enrolled students

The enrolled student population at Lake Forest College is 46.9% White, 18.3% Hispanic or Latino, 6.16% Asian, 3.41% Two or More Races, 3.41% Black or African American, 0.22% American Indian or Alaska Native, and 0.055% 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 53.2% White, 14.1% Hispanic or Latino, and 12.9% 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, 67 students (3.69%) did not report their race.

Graduates

In 2023, 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 (247 degrees awarded). There were 2.15 times more white recipients than the next closest race/ethnicity group, hispanic or latino (115 degrees).

The most common Bachelor's Degree concentration at Lake Forest College is Other Research & Experimental Psychology (60 degrees awarded), followed by General Business (47 degrees) and General Finance (31 degrees).

In 2023, 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 (18 degrees awarded), Language & Linguistics (23 degrees), and Natural Resources & Conservation (19 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 (371,281 people), Other managers (278,332 people), Elementary & middle school teachers (147,586 people), Postsecondary teachers (144,969 people), and Chief executives & legislators (125,419 people).

The most specialized majors at Lake Forest College in 2023 are Philosophy and Religious Studies (18 degrees awarded), Language & Linguistics (23 degrees), Natural Resources & Conservation (19 degrees), Cultural & Gender Studies (6 degrees), and Social Sciences (74 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

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 (18 degrees awarded), Language & Linguistics (23 degrees), Natural Resources & Conservation (19 degrees), Cultural & Gender Studies (6 degrees), and Social Sciences (74 degrees) (as of 2023).

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 (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).

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 (2023)

Other Research & Experimental Psychology
60 degrees awarded
General Business
47 degrees awarded
General Finance
31 degrees awarded

In 2023, the most common bachelors degree concentration at Lake Forest College was Other Research & Experimental Psychology with 60 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

181

Degrees Awarded to Men

in 2023

315

Degrees Awarded to Women

in 2023

In 2023, 181 degrees were awarded to men at Lake Forest College, which is 0.575 times less than the number of degrees awarded to females (315).

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

Most Common Male Majors

In 2023, 23 degrees were awarded to men at Lake Forest College in General Business, which is 0.958 times less than the 24 female recipients with that same degree.

Most Common Female Majors

In 2023, 47 degrees were awarded to men at Lake Forest College in Other Research & Experimental Psychology, which is 3.62 times more than the 13 male recipients with that same degree.

Time to Complete

67%

100% Completion Time

73%

150% Completion Time

In 2023, 67% of students graduating from Lake Forest College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 73% completed their degrees within 150% of the normal time, and 73% 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.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Lake Forest College is Female and Two or More Races (100% graduation rate). Across all Baccalaureate Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

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, 5.2% of graduates (13 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
247 degrees awarded
Hispanic or Latino
115 degrees awarded
Asian
18 degrees awarded

The most common race/ethnicity at Lake Forest College is white (247 degrees awarded). There were 2.15 times more white recipients than the next closest race/ethnicity group, hispanic or latino (115 degrees).

4.84% of degree recipients (24 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
153 degrees awarded
White Male
94 degrees awarded
Hispanic or Latino Female
86 degrees awarded

The most common race/ethnicity and sex grouping at Lake Forest College is white female (153 degrees awarded). There were 1.63 times more white female recipients than the next closest race/ethnicity group, white male (94 degrees).

Operations

Lake Forest College has an endowment valued at nearly $112M, as of the end of the 2023 fiscal year. The return on its endowment was of 1.86M (1.65%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Lake Forest College had a total salary expenditure of 67M. Lake Forest College employs 42 Assistant professors, 35 Associate professors and 27 Professors. Most academics at Lake Forest College are Female Assistant professor (29), Male Professor (18), and Female Associate professor (18).

The most common positions for non-instructional staff at Lake Forest College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 37 employees, Management, with 36 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 35 employees.

Endowment

$112M

2023 Endowment

6.56%

growth from 2022

Lake Forest College has an endowment valued at about $112M, as of the end of the 2023 fiscal year. The endowment of Lake Forest College grew 6.56% from the previous year. The value of their endowment was $60.8M 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

$27M

2023 Salaries

9.08%

growth from 2022

In 2023, Lake Forest College paid a median of $27M in salaries, which represents 40.4% of their overall expenditure ($67M) and a 9.08% growth from the previous year. This is compared to a 11.1% growth between 2021 and 2022, and a 5.27% decline between 2020 and 2021.

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

Instructional Salaries

$9.01M

Instructional Salaries

112

Number of Employees

In 2023, Lake Forest College paid a total of $9.01M to 112 employees working as instructors, which represents 33.3% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

42 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

37 Employees

In 2023, the most common positions for instructional staff at Lake Forest College were Assistant professor with 42 employees, Associate professor with 35 employees, and Professor with 27 employees.

In 2023, the most common positions for non-instructional staff at Lake Forest College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 37 employees, Management with 36 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 35 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Male Professor
Female Associate professor

In 2023, the most common demographic for instructional staff at Lake Forest College was Female Assistant professor with 29 employees, Male Professor with 18 employees, and Female Associate professor with 18 employees.

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

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