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Private 4 Year

Lake Forest College Tuition & Cost

Lake Forest, Illinois

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How much does it cost to attend?

Sticker Price
$62,850
Costs for Lake Forest College
Fee Cost
Tuition$47,680
Books and Supplies$1,000
Other Fees$744
Room and Board $10,676
Other Expenses Budget$2,750

Annual Prices

The annual list price to attend Lake Forest College on a full time basis for 2018/2019 is $62,850 for all students regardless of their residency. This fee is comprised of $47,680 for tuition, $10,676 room and board, $1,000 for books and supplies and $744 for other fees. Out of state tuition for Lake Forest College is $47,680, the same as Illinois residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Lake Forest College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$26,148
Net Price by Income Lake Forest College
Family Income Net Price Paid
$0 to $30,000$18,192
$30,001 to $48,000$19,152
$48,001 to $75,000$24,683
$75,001 to $110,000$30,189
$110,000+$32,388

The average reported annual net price for Lake Forest College for students receiving grants or scholarship aid was $26,148 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

99% of full-time undergrad Lake Forest College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $34,421 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 77% of students received Federal Student Loans averaging $5,697 and 6% of undergrads took out private student loans averaging $16,126.

Finanical Aid Lake Forest College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $34,421 99%
Institutional Grants and Scholarships $30,899 98%
Pell Grants $4,814 36%
Other Federal Grants $1,290 36%
State and Local Grants $4,847 28%
Federal Student Loans $5,697 77%
Other Student Loans $16,126 6%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Lake Forest College, we've modeled a ten year student loan with an original principal value of $90,952. The loan balance of $90,952 is a four year multiple of the $22,738 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $868 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $90,952
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $867.78
Total Interest Paid $13,181.89
Sum of All Loan Payments $104,133.89

Projected 4 Year Degree Price

4 Year Sticker Price
$251,400
Year All Residents
1 $62,850
2 $65,097
3 $67,425
4 $69,836

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Lake Forest College to be $251,400 - assuming graduation in normal time. The estimation assumes a 3.6% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Lake Forest College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,490 $4,470 $5,960

Estimated cost for a class at Lake Forest College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Lake Forest College versus other colleges.

Tuition Payment Plans Available

Lake Forest College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=146481 IPEDS survey data for Lake Forest College.