Lake Forest College
Lake Forest, IL, USA

Tuition, Cost & Aid

Affordability and Cost

Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.

Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$24,923
Calculate your net cost
Average Net Price By Family Income
Income
Average Amount
< $30k
$16,932
$30k - $48k
$17,303
$48k - $75k
$20,206
$75k - $110k
$26,650
$110k+
$30,206
Tuition
In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution.
$48,424
Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state’s or institution’s residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school.
$48,424
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
  • (amount for on-campus room, board and other expenses * # of students living on-campus.
  • + amount for off-campus (with family) room, board and other expenses * # of students living off-campus with family
  • + amount for off-campus (not with family) room, board and other expenses * # of students living off-campus not with family)
divided by the total # of students. Students whose living arrangements are unknown are excluded from the calculation. For some institutions the # of students by living arrangement will be known, but dollar amounts will not be known. In this case the # of students with no corresponding dollar amount will be excluded from the denominator.
$10,676
Books and Supplies
$1,000
Tuition Payment Plan
Yes
Financial Aid: visit page
Financial Aid Email: [email protected]

Aid & Grants

0
100
86%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
36%
Average Aid Per Year
$31,131
Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
36%
Average Federal Grant Aid Per Year
$6,184
Average Institution Grant Aid Per Year
$28,025
Students receiving state aid
25%
Average State Grant Aid Per Year
$4,661
Students receiving federal aid
33%
Average Federal Grant Aid Per Year
$6,184
Average Grant & Scholarship By Family Income
Income
Average Amount
< $30k
$40,427
$30k - $48k
$39,943
$48k - $75k
$37,644
$75k - $110k
$32,202
$110k+
$26,972
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$42,798,352
Total Non-Need-Based Scholarships/Grants
$10,049,855

Student Loans

Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
83%
Average Loan Amount Per Year
$7,265
Students receiving federal loans
83%
Average Federal Loans Per Year
$6,062
Average Other Loans Per Year
$19,921
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$25,745
Loan Default Rate
2%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$280

What Students Are Saying

3.89 Average Rating
Lake Forest College isn't cheap, and with tuition increases, it costs about $47,000 a year to attend. However, the college is top-ranked for its financial aid, and most students here receive some grant or scholarship from the school. The education that you receive here, however, is well worth the sticker price.
Forester '15
In my opinion the small class sizes and unique experiences I have had here are worth it. Small class sizes make learning easier and more applicable to real life. There are also so many opportunities for internships and future jobs here due to the small community who is willing to help every student.
It's a little pricey, but this school gives great financial aid as well.
Kiersten from Temecula, CA
Great financial aid but otherwise, rest assured your money is well spent here.
Raul from Holyoke, MA
Even though I think that the education here is great, I do not think that it should cost almost $50,000 a year. However, they do offer great financial aid so the students can afford it. It ranked in the top 13 for students most happy with their financial aid package. Even if the school cost a lost, many students financial aid package is covered by a good amount.
Kelly
LFC is expensive. BUT! They have outstanding financial aid. Even the lowest tier scholarship they give out pays for quite a bit of the yearly costs. The education you get is well worth the money though!
Devin - Chicago, IL
Lake Forest seems expensive at first but they give some of the most financial aid I have ever heard of.
Amanda from Windham, ME
Financial Aid is awesome and they have great payment plans!
Ruth from Waukegan, IL
Lake Forest College has been well worth my time and money. In terms of education, there are huge opportunities for internships, studying abroad and research. The college has great facilities, opportunities and resources that extend beyond the campus.
Pleasantly Surprised '13

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