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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
$60,980
Costs for Lake Forest College
Fee Cost
Tuition$46,320
Books and Supplies$1,000
Other Fees$744
Room and Board $10,390
Other Expenses Budget$2,526

Annual Prices

The annual list price to attend Lake Forest College on a full time basis for 2018/2019 is $60,980 for all students regardless of their residency. This fee is comprised of $46,320 for tuition, $10,390 room and board, $1,000 for books and supplies and $744 for other fees. Out of state tuition for Lake Forest College is $46,320, the same as Illinois residents.

All price data is sourced from the 2018/2019 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 2017/2018
$25,646
Net Price by Income Lake Forest College
Family Income Net Price Paid
$0 to $30,000$16,932
$30,001 to $48,000$17,303
$48,001 to $75,000$20,206
$75,001 to $110,000$26,650
$110,000+$30,206

The average reported annual net price for Lake Forest College for students receiving grants or scholarship aid was $25,646 in 2017/2018. 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

Finanical Aid Lake Forest College
Type Avg./Student Students Receiving
Annual Total Grant Aid $31,022 98%
Pell Grant $4,664 31%
Federal Student Loan $6,343 81%

The average reported annual net price for Lake Forest College for students receiving grants or scholarship aid was $25,646 in 2017/2018.

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 $944 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 4.529%.

Example Loan $90,952
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $943.88
Total Interest Paid $22,314.08
Sum of All Loan Payments $113,266.08

Projected 4 Year Degree Price

4 Year Sticker Price
$243,920
Year All Residents
1 $60,980
2 $63,784
3 $66,718
4 $69,786

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 $243,920 - assuming graduation in normal time. The estimation assumes a 4.6% 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 $1,448 $4,344 $5,792

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.