L
Public 2 Year

LMC Tuition & Cost

Benton Harbor, Michigan

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How much does it cost to attend?

In District Michigan Resident Sticker Price
$19,596
In District Costs for Lake Michigan College
Fee Cost
Tuition$3,120
Books and Supplies$1,800
Other Fees$1,380
Estimated Off Campus Cost of Living $9,980
Other Expenses Budget$3,316
In State Michigan Resident Sticker Price
$21,441
In State Costs for Lake Michigan College
Fee Cost
Tuition$4,965
Books and Supplies$1,800
Other Fees$1,380
Estimated Off Campus Cost of Living $9,980
Other Expenses Budget$3,316

In district Michigan residents should budget an annual total cost of $19,596 to attend Lake Michigan College on a full time basis. This fee is comprised of $3,120 for tuition, $9,980 off-campus housing, $1,800 for books and supplies and $1,380 for other fees.

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 Michigan College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$7,720
Net Price by Income Lake Michigan College
Family Income Net Price Paid
$0 to $30,000$6,377
$30,001 to $48,000$7,392
$48,001 to $75,000$9,647
$75,001 to $110,000$11,634
$110,000+$12,196

The average reported annual net price for Lake Michigan College for students receiving grants or scholarship aid was $7,720 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 Michigan College
Type Avg./Student Students Receiving
Annual Total Grant Aid $5,030 75%
Pell Grant $4,737 57%
Federal Student Loan $4,372 25%

The average reported annual net price for Lake Michigan College for students receiving grants or scholarship aid was $7,720 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 Michigan College, we've modeled a ten year student loan with an original principal value of $15,252. The loan balance of $15,252 is a two year multiple of the $7,626 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 $158 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 $15,252
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $158.28
Total Interest Paid $3,741.91
Sum of All Loan Payments $18,993.91

Projected 2 Year Degree Price

2 Year Sticker Price
$42,882
Year Michigan Residents Non Residents
1 $21,441 $21,441
2 $22,697 $22,697

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Lake Michigan College to be $42,882 - assuming graduation in normal time. The estimation assumes a 5.9% annual increase over the next 2 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Lake Michigan College
Price Per Credit 3 Credit Class 4 Credit Class
In District Residents $104 $312 $416
Out of State Residents $166 $498 $664

Estimated cost for a class at Lake Michigan 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 Michigan College versus other colleges.

Tuition Payment Plans Available

Lake Michigan 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=170620 IPEDS survey data for Lake Michigan College.