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Economic score
Lake Forest College is a private liberal arts college located in Lake Forest, Illinois. Lake Forest College is moderately inclusive in their admissions.
Return on educational investment at Lake Forest College is in the top 50% of all ranked schools. The median student earns $59,021 10 years after enrolling, 14th in Illinois, and in the top 25% nationally. When adjusted for earning differences by major, Lake Forest College bachelor students earn 6% less than the national average. Lake Forest College is ranked 21st in Illinois.
Lake Forest College’s median net annual cost of $23,991 and average years to graduate of 4.1 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Lake Forest College sorted by number of graduates - Business and Commerce, Finance, Economics, English Language & Lit, Neurobiology & Neurosciences, Biology - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$23,991
Average years to graduate
4.1
Comms & Media Studies
Rank: #70
Economic score: 3.21
Mathematics
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 4.96
Poli Sci/Government
Rank: #248
Economic score: 5.53
Romance Language & Linguistics
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 7.66
International Relations
Rank: #76
Economic score: 8.75
Fine & Studio Arts
Rank: #293
Economic score: 95.48
Natural Resource Conservation
Rank: #224
Economic score: 104.14
The average full-time graduate completes their degree in 4.1 years. 77% of all students graduate within 8 years. The graduation rate at Lake Forest College is 12% higher than the state average, and 8% above the average for all liberal arts colleges in the country.
At Lake Forest College, Pell Grant recipients represent 36% of the measured graduating class, 1% higher than the national average of 35%. The average Pell Grant recipient at Lake Forest College graduates within 4.1 years.
Lake Forest College is in the top 10% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Lake Forest College’s economic mobility score of 29.67 is calculated by adjusting the 1.68 economic score of lower-income students by the 36% pell grant recipients within the student body. Lake Forest College’s EMS of 29.67 ranks in the top 10% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 10%
The average Title IV recipient at Lake Forest College pays $23,991 a year, $40,569 less than the $64,560 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $23,991
Much of the gap between net price and sticker price is filled by institutional and government grants. At Lake Forest College, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $23,991 on average to be covered by the student – be it through loans or out of pocket. In total, 43% of students take out loans, federal or private, at an average amount of $7,391. This is 11% less than the national average.
Federal grants
$5,895
Pell grants
$5,067
State grants
$5,312
Institutional grants
$34,028
Lake Forest College's moderately inclusive admissions are indicated by their 64% acceptance rate. In 2021, the school had 4,358 applicants, of which 2,808 were admitted and 417 enrolled. Lake Forest College doesn't have a rolling admissions policy, which means applications are reviewed after a hard admissions deadline.
Full time
100%
83%
Female
60%
59%
First time
79%
59%
In-state
53%
68%
1st generation
25%
35%
White
49%
52%
Black
4%
14%
Hispanic
18%
15%
Asian
5%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
23%
12%