Payback
EarningsPlus
Economic score
Lake Superior State University is a public regional college located in Sault Ste Marie, Michigan. Lake Superior State University is moderately inclusive in their admissions.
Return on educational investment at Lake Superior State University is in the top 50% of all ranked schools. The median student earns $43,988 10 years after enrolling, 31st in Michigan, and in the bottom 50% nationally. When adjusted for earning differences by major, Lake Superior State University bachelor students earn 9% less than the national average. Lake Superior State University is ranked 14th in Michigan.
Lake Superior State University’s median net annual cost of $13,668 and average years to graduate of 4.3 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Lake Superior State University sorted by number of graduates - Criminal Justice, Registered Nursing, Fishing and Fisheries Sciences and Management., Business and Commerce, Education, Fire Protection - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$13,668
Average years to graduate
4.3
Mechanical Engineering
Rank: #97
Economic score: 1.46
Marketing
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 2.55
Accounting
Rank: #437
Economic score: 4.13
Business Administration
Rank: #575
Economic score: 4.54
Psychology
Rank: #729
Economic score: 28.73
The average full-time graduate completes their degree in 4.3 years. 71% of all students graduate within 8 years including part-time students. The graduation rate at Lake Superior State University is 10% higher than the state average, and 22% above the average for all regional colleges in the country.
At Lake Superior State University, Pell Grant recipients represent 30% of the measured graduating class, 5% lower than the national average of 35%. The average Pell Grant recipient at Lake Superior State University graduates within 4.3 years.
Lake Superior State University is in the top 50% 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 Superior State University’s economic mobility score of 18.98 is calculated by adjusting the 2.84 economic score of lower-income students by the 30% pell grant recipients within the student body. Lake Superior State University’s EMS of 18.98 ranks in the top 50% 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 50%
The average Title IV recipient at Lake Superior State University pays $13,668 a year, $12,598 less than the $26,266 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 $13,668
Much of the gap between net price and sticker price is filled by institutional and government grants. At Lake Superior State University, 97% 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 $13,668 on average to be covered by the student – be it through loans or out of pocket. In total, 60% of students take out loans, federal or private, at an average amount of $7,139. This is 6% more than the national average.
Federal grants
$4,800
Pell grants
$4,459
State grants
$10,623
Institutional grants
$5,296
Lake Superior State University's moderately inclusive admissions are indicated by their 73% acceptance rate. In 2021, the school had 2,411 applicants, of which 1,767 were admitted and 373 enrolled. Lake Superior State University has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
67%
83%
Female
56%
59%
First time
17%
59%
In-state
90%
68%
1st generation
33%
35%
White
65%
52%
Black
1%
14%
Hispanic
1%
15%
Asian
1%
5%
American Indian
7%
1.6%
Pacific Islander
N/A
0.3%
Other
24%
12%