Lake Forest College

www.lakeforest.edu

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2024 Undergraduate Tuition
$55,500
4.13% growth from 2023
2024 Average Net Price
$31,225
After Financial Aid
2024 Acceptance Rate
56.8%
5,356 Applicants
2024 Enrolled Students
1,837
98.6% Full-Time
2024 Graduation Rate
77.8%
301 Graduates

About

Lake Forest College is a higher education institution located in Lake County, IL. In 2024, the most popular Bachelors Degree concentrations at Lake Forest College were General Business (65 degrees awarded), Other Research & Experimental Psychology (48 degrees), and Neuroscience (35 degrees).

In 2024, 553 degrees were awarded across all undergraduate and graduate programs at Lake Forest College. 64.9% of these degrees were awarded to women, and 35.1% awarded men. The most common race/ethnicity group of degree recipients was white (239 degrees), 2.41 times more than then the next closest race/ethnicity group, hispanic or latino (99 degrees).

The median undergraduate tuition at Lake Forest College is $55,500, which is $25,512 more than the national average for Baccalaureate Colleges ($29,988).

Baccalaureate Colleges: Arts & Sciences FocusBaccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at Lake Forest College is $55,500, which is $25,512 more than the national average for Baccalaureate Colleges ($29,988).

After taking grants and loans into account, the average net price for students is $31,225.

In 2024, 99% of undergraduate students attending Lake Forest College received financial aid through grants. Comparatively, 67% of undergraduate students received financial aid through loans.

Tuition Costs

$55,500
2024 Undergraduate Tuition

In 2024, the cost of tuition at Lake Forest College was $55,500. The cost of tuition at Lake Forest College is $25,512 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,988).

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

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Average Net Price

$31,225
2024 Value
4.45%
1 Year Growth

In 2024 Lake Forest College had an average net price — the price paid after factoring in grants and loans — of $31,225. Between 2023 and 2024, the average net price of Lake Forest College grew by 4.45%.

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.

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Other Student Expenses

$12,480
Room and Board
$1,350
Books and Supplies

The average yearly cost of room and board at Lake Forest College was of $12,480 in 2024. The cost of room and board increased by 4.89% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,350. The cost of books and supplies increased by 18.4% during the same period.

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

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Financial Aid by Income Level

99%
Undergraduates Receiving Financial Aid through Grants
67%
Undergraduates Receiving Financial Aid through Loans

99% of undergraduate students at Lake Forest College received financial aid through grants or loans in 2024. This represents a decline of 1% with respect to 2023, 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.

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Admissions

Lake Forest College received 5,356 undergraduate applications in 2024, which represents a 11.3% annual growth. Out of those 5,356 applicants, 3,043 students were accepted for enrollment, representing a 56.8% acceptance rate.

There were 1,837 students enrolled at Lake Forest College in 2024. 16% of first-time enrollees submitted SAT scores with their applications.

Lake Forest College has an overall enrollment yield of 13.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

56.8%
Acceptance Rate in 2024
3,043
Accepted Out of 5,356

In 2024, the undergraduate acceptance rate of Lake Forest College was 56.8% (3,043 admissions from 5,356 applications). This is lower than the acceptance rate of 2023, which was 59.4%. Between 2023 and 2024, the number of applicants grew by 11.3%, while admissions grew by 6.47%.

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.

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SAT Scores

16%
Submission Percentage (2024)
67
Scores Submitted (2024)

16% of enrolled first-time students at Lake Forest College in 2024 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.

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Enrollment

Lake Forest College had a total enrollment of 1,837 students in 2024. The full-time enrollment at Lake Forest College is 1,811 students and the part-time enrollment is 26. This means that 98.6% of students enrolled at Lake Forest College are enrolled full-time.

The enrolled student population at Lake Forest College, both undergraduate and graduate, is 46.7% White, 18.2% Hispanic or Latino, 6.15% Asian, 3.59% Two or More Races, 2.67% Black or African American, and 0.109% American Indian or Alaska Native.

Students enrolled at Lake Forest College in full-time Undergraduate programs are most commonly White Female (24.7%), followed by White Male (22.1%) and Hispanic or Latino Female (11.8%). Students enrolled in full-time Graduate programs are most commonly White Female (38.2%), followed by Hispanic or Latino Female (17.6%) and White Male (8.82%).

Full-Time vs Part-Time Enrollment

98.6%
Full-Time Enrollment

The total enrollment at Lake Forest College in 2024, both undergraduate and graduate, is 1,837 students. The full-time enrollment at Lake Forest College is 1,811 and the part-time enrollment is 26. This means that 98.6% of students enrolled at Lake Forest College are enrolled full-time compared with 78.4% 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.

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Retention Rate over Time

90%
2024 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 90%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)
  1. White
    858 enrolled students
  2. Hispanic or Latino
    334 enrolled students
  3. Asian
    113 enrolled students

The enrolled student population at Lake Forest College is 46.7% White, 18.2% Hispanic or Latino, 6.15% Asian, 3.59% Two or More Races, 2.67% Black or African American, and 0.109% 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 Baccalaureate Colleges is 51.9% White, 13.9% Hispanic or Latino, and 12.8% 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, 57 students (3.1%) did not report their race.

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Graduates

In 2024, 165 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 (239 degrees awarded). There were 2.41 times more white recipients than the next closest race/ethnicity group, hispanic or latino (99 degrees).

The most common Bachelor's Degree concentration at Lake Forest College is General Business (65 degrees awarded), followed by Other Research & Experimental Psychology (48 degrees) and Neuroscience (35 degrees).

In 2024,  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 (14 degrees awarded), Cultural & Gender Studies (10 degrees), and Natural Resources & Conservation (21 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 (210,530 people), Elementary & middle school teachers (168,833 people), Other managers (154,594 people), Secondary school teachers (132,339 people), and Postsecondary teachers (128,997 people).

The most specialized majors at Lake Forest College in 2024 are Philosophy and Religious Studies (14 degrees awarded), Cultural & Gender Studies (10 degrees), Natural Resources & Conservation (21 degrees), History (15 degrees), and English (23 degrees) (as of 2024).

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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, Magnetic resonance imaging technologists, Diagnostic medical sonographers, Logisticians, and Economists

The most specialized majors at Lake Forest College are Philosophy and Religious Studies (14 degrees awarded), Cultural & Gender Studies (10 degrees), Natural Resources & Conservation (21 degrees), History (15 degrees), and English (23 degrees) (as of 2024).

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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 (431,010 people), Colleges, universities & professional schools, including junior colleges (278,803 people), Legal services (168,054 people), Computer Systems Design (121,128 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (95,342 people).

The most specialized majors at Lake Forest College are Philosophy and Religious Studies (14 degrees awarded), Cultural & Gender Studies (10 degrees), Natural Resources & Conservation (21 degrees), History (15 degrees), and English (23 degrees) (as of 2024).

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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 (2024)
  1. General Business
    65 degrees awarded
  2. Other Research & Experimental Psychology
    48 degrees awarded
  3. Neuroscience
    35 degrees awarded

In 2024, the most common bachelors degree concentration at Lake Forest College was General Business with 65 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Lake Forest College according to their major.

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Sex Breakdown for Common Majors

194
Degrees Awarded to Men
in 2024
359
Degrees Awarded to Women
in 2024

In 2024, 194 degrees were awarded to men at Lake Forest College, which is 0.54 times less than the number of degrees awarded to females (359).

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

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Most Common Male Majors

In 2024, 27 degrees were awarded to men at Lake Forest College in General Business, which is 0.711 times less than the 38 female recipients with that same degree.

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Most Common Female Majors

In 2024, 40 degrees were awarded to men at Lake Forest College in Other Research & Experimental Psychology, which is 5 times more than the 8 male recipients with that same degree.

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Time to Complete

74%
100% Completion Time
78%
150% Completion Time

In 2024, 74% of students graduating from Lake Forest College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 78% completed their degrees within 150% of the normal time, and 78% 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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)
  1. White
    239 degrees awarded
  2. Hispanic or Latino
    99 degrees awarded
  3. Asian
    35 degrees awarded

The most common race/ethnicity at Lake Forest College is white (239 degrees awarded). There were 2.41 times more white recipients than the next closest race/ethnicity group, hispanic or latino (99 degrees).

5.24% of degree recipients (29 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2024)
  1. White Female
    134 degrees awarded
  2. White Male
    105 degrees awarded
  3. Hispanic or Latino Female
    79 degrees awarded

The most common race/ethnicity and sex grouping at Lake Forest College is white female (134 degrees awarded). There were 1.28 times more white female recipients than the next closest race/ethnicity group, white male (105 degrees).

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Operations

Lake Forest College has an endowment valued at nearly $124M, as of the end of the 2024 fiscal year. The return on its endowment was of 13.8M (11.1%) compared to the 8.99% average return (4.98M on 55.4M) across all Baccalaureate Colleges.

In 2024, Lake Forest College had a total salary expenditure of 71.7M. Lake Forest College employs 41 Assistant professors, 37 Associate professors and 28 Professors. Most academics at Lake Forest College are Female Assistant professor (25), Female Associate professor (19), and Male Professor (18).

The most common positions for non-instructional staff at Lake Forest College are: Management, with 48 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 34 employees, and Office and Administrative Support with 30 employees.

Endowment

$124M
2024 Endowment
10.1%
growth from 2023

Lake Forest College has an endowment valued at about $124M, as of the end of the 2024 fiscal year. The endowment of Lake Forest College grew 10.1% from the previous year. The value of their endowment was $68.1M 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.

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Salary Expenditure

$28.4M
2024 Salaries
0%
growth from 2023

In 2024, Lake Forest College paid a median of $28.4M in salaries, which represents 39.6% of their overall expenditure ($71.7M) and a 0% growth from the previous year.

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Instructional Salaries

$9.28M
Instructional Salaries
114
Number of Employees

In 2024, Lake Forest College paid a total of $9.28M to 114 employees working as instructors, which represents 32.7% of all salaries paid.

This is compared to a median of $556k (3.18%) for similar Baccalaureate Colleges.

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Occupations by Share

In 2024, the most common positions for non-instructional staff at Lake Forest College were Management with 48 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 34 employees, and Office and Administrative Support with 30 employees.

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