Payback
EarningsPlus
Economic score
Lane College is a private liberal arts college located in Jackson, Tennessee. Lane College has an open admissions policy.
Return on educational investment at Lane College is in the bottom 5% of all ranked schools. The median student earns $29,431 10 years after enrolling, 38th in Tennessee, and in the bottom 5% nationally. When adjusted for earning differences by major, Lane College bachelor students earn 37% less than the national average.
Lane College’s median net annual cost of $14,109 and average years to graduate of 4.8 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 3 programs at Lane College sorted by number of graduates - Business Administration, Sociology, Multi/Interdisciplinary Studies, Other - are shown below.
Annual net cost
$14,109
Average years to graduate
4.8
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
The average full-time graduate completes their degree in 4.8 years. 27% of all students graduate within 8 years including part-time students. The graduation rate at Lane College is 29% lower than the state average, and 41% below the average for all liberal arts colleges in the country.
At Lane College, Pell Grant recipients represent 83% of the measured graduating class, 48% higher than the national average of 35%. The average Pell Grant recipient at Lane College graduates within 4.8 years.
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.
Lane College’s economic mobility score of 5.94 is calculated by adjusting the 13.62 economic score of lower-income students by the 83% pell grant recipients within the student body. Lane College’s EMS of 5.94 ranks in the bottom 10% nationally. Please note that the economic mobility score considers only students that have graduated.
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).
Bottom 10%
The average Title IV recipient at Lane College pays $14,109 a year, $9,571 less than the $23,680 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 $14,109
Much of the gap between net price and sticker price is filled by institutional and government grants. At Lane College, 92% 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 $14,109 on average to be covered by the student – be it through loans or out of pocket. In total, 67% of students take out loans, federal or private, at an average amount of $6,006. This is 13% more than the national average.
Federal grants
$6,006
Pell grants
$5,030
State grants
$4,522
Institutional grants
$7,659
Full time
99%
83%
Female
43%
59%
First time
71%
59%
In-state
56%
68%
1st generation
45%
35%
White
N/A
52%
Black
83%
14%
Hispanic
1%
15%
Asian
N/A
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
16%
12%