Lake Michigan College

https://www.lakemichigancollege.edu

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2024 Undergraduate Tuition

$5,445

3.42% growth from 2023

2024 Average Net Price

$7,557

After Financial Aid

2024 Enrolled Students

2,937

37.4% Full-Time

2024 Graduation Rate

21.6%

65 Graduates

About

Lake Michigan College is a higher education institution located in Berrien County, MI. In 2024, the most popular Associates Degree concentrations at Lake Michigan College were Other Liberal Arts & Sciences, General Studies, & Humanities (74 degrees awarded), General Studies (67 degrees), and Registered Nursing (40 degrees).

In 2024, 462 degrees were awarded across all undergraduate and graduate programs at Lake Michigan College. 70.6% of these degrees were awarded to women, and 29.4% awarded men. The most common race/ethnicity group of degree recipients was white (284 degrees), 5.68 times more than then the next closest race/ethnicity group, hispanic or latino (50 degrees).

The median undergraduate tuition at Lake Michigan College is $5,445, which is $−5,150 less than the national average for Baccalaureate/Associates Colleges ($10,595).

Baccalaureate/Associates Colleges: Associates Dominant Baccalaureate/Associates Colleges

Costs

In 2024, the median undergraduate tuition at Lake Michigan College is $5,445, which is $5,150 less than the national average for Baccalaureate/Associates Colleges ($10,595).

After taking grants and loans into account, the average net price for students is $7,557.

In 2024, 42% of undergraduate students attending Lake Michigan College received financial aid through grants. Comparatively, 13% of undergraduate students received financial aid through loans.

Tuition Costs

$5,445

2024 Undergraduate Tuition

In 2024, the cost of tuition at Lake Michigan College was $5,445. The cost of tuition at Lake Michigan College is $−5,150 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($10,595).

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

Average Net Price

$7,557

2024 Value

27.8%

1 Year Growth

In 2024 Lake Michigan College had an average net price — the price paid after factoring in grants and loans — of $7,557. Between 2023 and 2024, the average net price of Lake Michigan College grew by 27.8%.

This chart compares the average net price of Lake Michigan 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

$8,432

Room and Board

$1,934

Books and Supplies

The average yearly cost of room and board at Lake Michigan College was of $8,432 in 2024. The cost of room and board decreased by 20.5% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,934. The cost of books and supplies increased by 6.03% during the same period.

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

Financial Aid by Income Level

42%

Undergraduates Receiving Financial Aid through Grants

13%

Undergraduates Receiving Financial Aid through Loans

42% of undergraduate students at Lake Michigan College received financial aid through grants or loans in 2024. This represents a decline of 6.67% with respect to 2023, when 45% of undergraduate students received financial aid.

This chart compares the average award discount at Lake Michigan 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.

Enrollment

Lake Michigan College had a total enrollment of 2,937 students in 2024. The full-time enrollment at Lake Michigan College is 1,097 students and the part-time enrollment is 1,840. This means that 37.4% of students enrolled at Lake Michigan College are enrolled full-time.

The enrolled student population at Lake Michigan College, both undergraduate and graduate, is 55.3% White, 14.9% Hispanic or Latino, 11.1% Black or African American, 5.11% Two or More Races, 1.09% Asian, 0.238% American Indian or Alaska Native, and 0.102% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Michigan College in full-time Undergraduate programs are most commonly White Female (31.9%), followed by White Male (22.9%) and Hispanic or Latino Female (9.11%).

Full-Time vs Part-Time Enrollment

37.4%

Full-Time Enrollment

The total enrollment at Lake Michigan College in 2024, both undergraduate and graduate, is 2,937 students. The full-time enrollment at Lake Michigan College is 1,097 and the part-time enrollment is 1,840. This means that 37.4% of students enrolled at Lake Michigan College are enrolled full-time compared with 38.3% at similar Baccalaureate/Associates Colleges.

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

Retention Rate over Time

84%

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 Michigan College was 84%. Compared with the full-time retention rate at similar Baccalaureate/Associates Colleges (59%), Lake Michigan College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
1,625 enrolled students
Hispanic or Latino
439 enrolled students
Black or African American
327 enrolled students

The enrolled student population at Lake Michigan College is 55.3% White, 14.9% Hispanic or Latino, 11.1% Black or African American, 5.11% Two or More Races, 1.09% Asian, 0.238% American Indian or Alaska Native, and 0.102% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate/Associates Colleges is 35% White, 33.8% Hispanic or Latino, and 11.8% 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, 299 students (10.2%) did not report their race.

Graduates

In 2024, 190 more women than men received degrees from Lake Michigan College. The most common race/ethnicity group of degree recipients at Lake Michigan College is white (284 degrees awarded). There were 5.68 times more white recipients than the next closest race/ethnicity group, hispanic or latino (50 degrees).

The most common Associates Degree concentration at Lake Michigan College is Other Liberal Arts & Sciences, General Studies, & Humanities (74 degrees awarded), followed by General Studies (67 degrees) and Registered Nursing (40 degrees).

In 2024, the most specialized majors across all degree types at Lake Michigan College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Precision Production (19 degrees awarded), Liberal Arts & Humanities (141 degrees), and Interdisciplinary Studies (31 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lake Michigan College are Registered nurses (1,540,028 people), Elementary & middle school teachers (201,809 people), Medical & health services managers (183,419 people), Other managers (178,409 people), and Nurse practitioners & nurse midwives (171,508 people).

The most specialized majors at Lake Michigan College in 2024 are Precision Production (19 degrees awarded), Liberal Arts & Humanities (141 degrees), Interdisciplinary Studies (31 degrees), Agriculture (7 degrees), and Human Sciences (7 degrees) (as of 2024).

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 Michigan College are Surgeons, Cardiovascular technologists and technicians, Correspondence clerks & order clerks, Physicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Lake Michigan College are Precision Production (19 degrees awarded), Liberal Arts & Humanities (141 degrees), Interdisciplinary Studies (31 degrees), Agriculture (7 degrees), and Human Sciences (7 degrees) (as of 2024).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake Michigan College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,738,964 people), Elementary & secondary schools (561,022 people), Outpatient care centers (328,848 people), Colleges, universities & professional schools, including junior colleges (262,615 people), and Offices of physicians (234,044 people).

Majors Awarded

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

Most Common (2024)

Medical Assistant
7 degrees awarded
Other Precision Production
1 degrees awarded
Pharmacy Technician
1 degrees awarded

In 2024, the most common 1 to 2 year postsecondary certificate concentration at Lake Michigan College was Medical Assistant with 7 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Lake Michigan College according to their major.

Sex Breakdown for Common Majors

136

Degrees Awarded to Men

in 2024

326

Degrees Awarded to Women

in 2024

In 2024, 136 degrees were awarded to men at Lake Michigan College, which is 0.417 times less than the number of degrees awarded to females (326).

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

Most Common Male Majors

In 2024, 21 degrees were awarded to men at Lake Michigan College in General Studies, which is 0.457 times less than the 46 female recipients with that same degree.

Most Common Female Majors

In 2024, 54 degrees were awarded to men at Lake Michigan College in Other Liberal Arts & Sciences, General Studies, & Humanities, which is 2.7 times more than the 20 male recipients with that same degree.

Time to Complete

22%

100% Completion Time

22%

150% Completion Time

In 2024, 22% of students graduating from Lake Michigan College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 22% completed their degrees within 150% of the normal time, and 29% within 200%.

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

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
284 degrees awarded
Hispanic or Latino
50 degrees awarded
Black or African American
47 degrees awarded

The most common race/ethnicity at Lake Michigan College is white (284 degrees awarded). There were 5.68 times more white recipients than the next closest race/ethnicity group, hispanic or latino (50 degrees).

6.93% of degree recipients (32 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
265 degrees awarded
White Female
237 degrees awarded
White Female
231 degrees awarded

The most common race/ethnicity and sex grouping at Lake Michigan College is white female (265 degrees awarded). There were 1.12 times more white female recipients than the next closest race/ethnicity group, white female (237 degrees).

Operations

Lake Michigan College has an endowment valued at nearly $17.6M, as of the end of the 2024 fiscal year. The return on its endowment was of 1.02M (5.76%) compared to the 9.49% average return (1.27M on 13.4M) across all Baccalaureate/Associates Colleges.

In 2024, Lake Michigan College had a total salary expenditure of 44.3M. Lake Michigan College employs 33 Instructors, 16 No academic ranks and 3 Lecturers. Most academics at Lake Michigan College are Female Instructor (18), Male Instructor (15), and Female No academic rank (11).

The most common positions for non-instructional staff at Lake Michigan College are: Office and Administrative Support, with 43 employees, Management, with 20 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 18 employees.

Endowment

$17.6M

2024 Endowment

32.1%

growth from 2023

Lake Michigan College has an endowment valued at about $17.6M, as of the end of the 2024 fiscal year. The endowment of Lake Michigan College grew 32.1% from the previous year. The value of their endowment was $4.2M higher than than the median endowment of Baccalaureate/Associates Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Lake Michigan 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/Associates Colleges: Associates Dominant Carnegie Classification grouping.

Salary Expenditure

$14.7M

2024 Salaries

1.46%

decline from 2023

In 2024, Lake Michigan College paid a median of $14.7M in salaries, which represents 33.3% of their overall expenditure ($44.3M) and a 1.46% decline from the previous year. This is compared to a 7.69% growth between 2022 and 2023, and a 5.05% growth between 2021 and 2022.

Instructional Salaries

$4.78M

Instructional Salaries

Number of Employees

In 2024, Lake Michigan College paid a total of $4.78M to 52 employees working as instructors, which represents 32.5% of all salaries paid.

This is compared to a median of $744k (3.92%) for similar Baccalaureate/Associates Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Lake Michigan College were Office and Administrative Support with 43 employees, Management with 20 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 18 employees.

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