Lake Land College

www.lakelandcollege.edu

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2023 Undergraduate Tuition

$3,315

10.5% growth from 2022

2023 Average Net Price

$5,155

After Financial Aid

2020 Default Rate

on Student Loans

2023 Enrolled Students

3,699

46.1% Full-Time

2023 Graduation Rate

53.5%

385 Graduates

About

Lake Land College is a higher education institution located in Coles County, IL. In 2023, the most popular Associates Degree concentrations at Lake Land College were Liberal Arts & Sciences (411 degrees awarded), Registered Nursing (88 degrees), and Biological & Physical Sciences (68 degrees).

In 2023, 2,954 degrees were awarded across all undergraduate and graduate programs at Lake Land College. 38.1% of these degrees were awarded to women, and 61.9% awarded men. The most common race/ethnicity group of degree recipients was white (2,167 degrees), 4.63 times more than then the next closest race/ethnicity group, black or african american (468 degrees).

The median undergraduate tuition at Lake Land College is $3,315, which is $−4,938 less than the national average for Associates Colleges ($8,253).

In 2020 the default rate for borrower's at Lake Land College was 0%, corresponding to 0 out of the 337 total borrowers.

Associates Colleges: High Career & Technical-High Nontraditional Associates Colleges

Costs

In 2023, the median undergraduate tuition at Lake Land College is $3,315, which is $4,938 less than the national average for Associates Colleges ($8,253).

After taking grants and loans into account, the average net price for students is $5,155.

In 2023, 55% of undergraduate students attending Lake Land College received financial aid through grants. Comparatively, 6% of undergraduate students received financial aid through loans.

Tuition Costs

$3,315

2023 Undergraduate Tuition

In 2023, the cost of tuition at Lake Land College was $3,315. The cost of tuition at Lake Land College is $−4,938 less than than the overall (public and private) national average for Associates Colleges ($8,253).

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

Average Net Price

$5,155

2023 Value

6.53%

1 Year Growth

In 2023 Lake Land College had an average net price — the price paid after factoring in grants and loans — of $5,155. Between 2022 and 2023, the average net price of Lake Land College grew by 6.53%.

This chart compares the average net price of Lake Land 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

$4,000

Room and Board

$360

Books and Supplies

The average yearly cost of room and board at Lake Land College was of $4,000 in 2023. The cost of room and board did not change between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $360. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

55%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

55% of undergraduate students at Lake Land College received financial aid through grants or loans in 2023. This represents a decline of 1.79% with respect to 2022, when 56% of undergraduate students received financial aid.

This chart compares the average award discount at Lake Land 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 Land College was 0%, which represents 0 out of the 337 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.

Enrollment

Lake Land College had a total enrollment of 3,699 students in 2023. The full-time enrollment at Lake Land College is 1,706 students and the part-time enrollment is 1,993. This means that 46.1% of students enrolled at Lake Land College are enrolled full-time.

The enrolled student population at Lake Land College, both undergraduate and graduate, is 88.3% White, 3.33% Hispanic or Latino, 3.08% Two or More Races, 2.62% Black or African American, 0.378% Asian, and 0.189% American Indian or Alaska Native.

Students enrolled at Lake Land College in full-time Undergraduate programs are most commonly White Female (51.3%), followed by White Male (36.2%) and Hispanic or Latino Female (2.1%).

Full-Time vs Part-Time Enrollment

46.1%

Full-Time Enrollment

The total enrollment at Lake Land College in 2023, both undergraduate and graduate, is 3,699 students. The full-time enrollment at Lake Land College is 1,706 and the part-time enrollment is 1,993. This means that 46.1% of students enrolled at Lake Land College are enrolled full-time compared with 32.3% at similar Associates Colleges.

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

Retention Rate over Time

70%

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 Land College was 70%. Compared with the full-time retention rate at similar Associates Colleges (64%), Lake Land College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
3,265 enrolled students
Hispanic or Latino
123 enrolled students
Two or More Races
114 enrolled students

The enrolled student population at Lake Land College is 88.3% White, 3.33% Hispanic or Latino, 3.08% Two or More Races, 2.62% Black or African American, 0.378% Asian, and 0.189% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 41.7% White, 28.7% Hispanic or Latino, and 12.6% 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, 50 students (1.35%) did not report their race.

Graduates

In 2023, 704 fewer women than men received degrees from Lake Land College. The most common race/ethnicity group of degree recipients at Lake Land College is white (2,167 degrees awarded). There were 4.63 times more white recipients than the next closest race/ethnicity group, black or african american (468 degrees).

The most common Associates Degree concentration at Lake Land College is Liberal Arts & Sciences (411 degrees awarded), followed by Registered Nursing (88 degrees) and Biological & Physical Sciences (68 degrees).

In 2023, the most specialized majors across all degree types at Lake Land College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Construction (505 degrees awarded), Agriculture (403 degrees), and Precision Production (97 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lake Land College are Elementary & middle school teachers (66,296 people), Other managers (60,377 people), Construction managers (44,524 people), Farmers, ranchers, & other agricultural managers (28,636 people), and Secondary school teachers (24,984 people).

The most specialized majors at Lake Land College in 2023 are Construction (505 degrees awarded), Agriculture (403 degrees), Precision Production (97 degrees), Personal & Culinary Services (226 degrees), and Liberal Arts & Humanities (711 degrees) (as of 2023).

Highest Paying Jobs by Major

Cardiovascular technologists and technicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake Land College are Cardiovascular technologists and technicians, Physicians, Chief executives & legislators, Securities, commodities, & financial services sales agents, and Physician assistants

The most specialized majors at Lake Land College are Construction (505 degrees awarded), Agriculture (403 degrees), Precision Production (97 degrees), Personal & Culinary Services (226 degrees), and Liberal Arts & Humanities (711 degrees) (as of 2023).

Common Industries by Major

Construction

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake Land College are Construction (103,029 people), Elementary & secondary schools (88,971 people), Computer Systems Design (51,888 people), Colleges, universities & professional schools, including junior colleges (30,660 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (28,321 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lake Land College.

Most Common (2023)

General Construction Trades
249 degrees awarded
General Applied Horticulture Operations
222 degrees awarded
Building & Property Maintenance
150 degrees awarded

In 2023, the most common N/A concentration at Lake Land College was General Construction Trades with 249 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from N/A programs at Lake Land College according to their major.

Sex Breakdown for Common Majors

1,829

Degrees Awarded to Men

in 2023

1,125

Degrees Awarded to Women

in 2023

In 2023, 1,829 degrees were awarded to men at Lake Land College, which is 1.63 times more than the number of degrees awarded to females (1,125).

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

Most Common Male Majors

In 2023, 334 degrees were awarded to men at Lake Land College in General Construction Trades, which is 17.6 times more than the 19 female recipients with that same degree.

Most Common Female Majors

In 2023, 415 degrees were awarded to men at Lake Land College in Liberal Arts & Sciences, which is 1.4 times more than the 296 male recipients with that same degree.

Time to Complete

29%

100% Completion Time

47%

150% Completion Time

In 2023, 29% of students graduating from Lake Land College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 47% completed their degrees within 150% of the normal time, and 49% within 200%.

The following chart shows these completion rates over time compared to the average for the Associates 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.

White Female

Highest Graduation Rate (55.8%)

The student demographic with the highest graduation rate in 2023 at Lake Land College is Female and White (55.8% graduation rate). Across all Associates 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
2,167 degrees awarded
Black or African American
468 degrees awarded
Hispanic or Latino
170 degrees awarded

The most common race/ethnicity at Lake Land College is white (2,167 degrees awarded). There were 4.63 times more white recipients than the next closest race/ethnicity group, black or african american (468 degrees).

1.9% of degree recipients (56 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
1,150 degrees awarded
White Female
1,017 degrees awarded
Black or African American Male
440 degrees awarded

The most common race/ethnicity and sex grouping at Lake Land College is white male (1,150 degrees awarded). There were 1.13 times more white male recipients than the next closest race/ethnicity group, white female (1,017 degrees).

Operations

Lake Land College has an endowment valued at nearly $8, as of the end of the 2023 fiscal year. The return on its endowment was of 1.25M (15.6M%) compared to the 7.3% average return (423k on 5.8M) across all Associates Colleges.

In 2023, Lake Land College had a total salary expenditure of 73.5M. Lake Land College employs 166 No academic ranks. Most academics at Lake Land College are Male No academic rank (91), and Female No academic rank (75).

The most common positions for non-instructional staff at Lake Land College are: Management, with 51 employees, Office and Administrative Support, with 51 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 40 employees.

Endowment

2023 Endowment

14.3%

growth from 2022

Lake Land College has an endowment valued at about $8, as of the end of the 2023 fiscal year. The endowment of Lake Land College grew 14.3% from the previous year. The value of their endowment was $5.8M lower than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: High Career & Technical-High Nontraditional Carnegie Classification grouping.

Salary Expenditure

$22.5M

2023 Salaries

2.94%

growth from 2022

In 2023, Lake Land College paid a median of $22.5M in salaries, which represents 30.6% of their overall expenditure ($73.5M) and a 2.94% growth from the previous year. This is compared to a 10.8% decline between 2021 and 2022, and a 17.4% decline between 2020 and 2021.

The median for similar Associates Colleges is 16.8M (40.1% of overall expenditures).

Instructional Salaries

$9.78M

Instructional Salaries

166

Number of Employees

In 2023, Lake Land College paid a total of $9.78M to 166 employees working as instructors, which represents 43.5% of all salaries paid.

This is compared to a median of $731k (4.21%) for similar Associates Colleges.

Occupations by Share

No academic rank

Most Common Instructor

166 Employees

Management

Most Common Non-Instructional Employee

51 Employees

In 2023, the most common positions for instructional staff at Lake Land College was No academic rank with 166 employees.

In 2023, the most common positions for non-instructional staff at Lake Land College were Management with 51 employees, Office and Administrative Support with 51 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 40 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male No academic rank
Female No academic rank

In 2023, the most common demographic for instructional staff at Lake Land College was Male No academic rank with 91 employees, and Female No academic rank with 75 employees.

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

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