Iowa Lakes Community College

www.iowalakes.edu

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2023 Undergraduate Tuition

$6,464

3.06% growth from 2022

2023 Average Net Price

$10,523

After Financial Aid

2020 Default Rate

on Student Loans

2023 Enrolled Students

2,024

37.4% Full-Time

2023 Graduation Rate

25.8%

93 Graduates

About

Iowa Lakes Community College is a higher education institution located in Emmet County, IA. In 2023, the most popular Associates Degree concentrations at Iowa Lakes Community College were Liberal Arts & Sciences (146 degrees awarded), Registered Nursing (30 degrees), and General Business Administration & Management (19 degrees).

In 2023, 351 degrees were awarded across all undergraduate and graduate programs at Iowa Lakes Community College. 49.6% of these degrees were awarded to women, and 50.4% awarded men. The most common race/ethnicity group of degree recipients was white (284 degrees), 9.79 times more than then the next closest race/ethnicity group, hispanic or latino (29 degrees).

The median undergraduate tuition at Iowa Lakes Community College is $6,464, which is $−1,789 less than the national average for Associates Colleges ($8,253).

In 2020 the default rate for borrower's at Iowa Lakes Community College was 0%, corresponding to 0 out of the 446 total borrowers.

Associates Colleges: Mixed Transfer/Career & Technical-High Nontraditional Associates Colleges

Costs

In 2023, the median undergraduate tuition at Iowa Lakes Community College is $6,464, which is $1,789 less than the national average for Associates Colleges ($8,253).

After taking grants and loans into account, the average net price for students is $10,523.

In 2023, 39% of undergraduate students attending Iowa Lakes Community College received financial aid through grants. Comparatively, 21% of undergraduate students received financial aid through loans.

Tuition Costs

$6,464

2023 Undergraduate Tuition

In 2023, the cost of tuition at Iowa Lakes Community College was $6,464. The cost of tuition at Iowa Lakes Community College is $−1,789 less than than the overall (public and private) national average for Associates Colleges ($8,253).

This chart compares the tuition costs of Iowa Lakes Community College (in red) with those of other similar universities.

Average Net Price

$10,523

2023 Value

10.7%

1 Year Growth

In 2023 Iowa Lakes Community College had an average net price — the price paid after factoring in grants and loans — of $10,523. Between 2022 and 2023, the average net price of Iowa Lakes Community College grew by 10.7%.

This chart compares the average net price of Iowa Lakes Community 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

$8,475

Room and Board

$1,624

Books and Supplies

The average yearly cost of room and board at Iowa Lakes Community College was of $8,475 in 2023. The cost of room and board decreased by 13.8% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,624. The cost of books and supplies increased by 11.5% during the same period.

This chart compares the average student costs at Iowa Lakes Community College (in red) with that of similar universities.

Financial Aid by Income Level

39%

Undergraduates Receiving Financial Aid through Grants

21%

Undergraduates Receiving Financial Aid through Loans

39% of undergraduate students at Iowa Lakes Community College received financial aid through grants or loans in 2023. This represents a decline of 23.5% with respect to 2022, when 51% of undergraduate students received financial aid.

This chart compares the average award discount at Iowa Lakes Community 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.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Iowa Lakes Community College was 0%, which represents 0 out of the 446 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Iowa Lakes Community College had a total enrollment of 2,024 students in 2023. The full-time enrollment at Iowa Lakes Community College is 757 students and the part-time enrollment is 1,267. This means that 37.4% of students enrolled at Iowa Lakes Community College are enrolled full-time.

The enrolled student population at Iowa Lakes Community College, both undergraduate and graduate, is 74% White, 5.93% Hispanic or Latino, 2.52% Black or African American, 1.04% Asian, 0.889% Two or More Races, 0.198% Native Hawaiian or Other Pacific Islanders, and 0.198% American Indian or Alaska Native.

Students enrolled at Iowa Lakes Community College in full-time Undergraduate programs are most commonly White Male (37.4%), followed by White Female (35.2%) and Hispanic or Latino Male (5.18%).

Full-Time vs Part-Time Enrollment

37.4%

Full-Time Enrollment

The total enrollment at Iowa Lakes Community College in 2023, both undergraduate and graduate, is 2,024 students. The full-time enrollment at Iowa Lakes Community College is 757 and the part-time enrollment is 1,267. This means that 37.4% of students enrolled at Iowa Lakes Community College are enrolled full-time compared with 32.3% at similar Associates Colleges.

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

Retention Rate over Time

58%

2023 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 Iowa Lakes Community College was 58%. Compared with the full-time retention rate at similar Associates Colleges (64%), Iowa Lakes Community College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,497 enrolled students
Hispanic or Latino
120 enrolled students
Black or African American
51 enrolled students

The enrolled student population at Iowa Lakes Community College is 74% White, 5.93% Hispanic or Latino, 2.52% Black or African American, 1.04% Asian, 0.889% Two or More Races, 0.198% Native Hawaiian or Other Pacific Islanders, and 0.198% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 41.7% White, 28.7% Hispanic or Latino, and 12.6% 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, 237 students (11.7%) did not report their race.

Graduates

In 2023, 3 fewer women than men received degrees from Iowa Lakes Community College. The most common race/ethnicity group of degree recipients at Iowa Lakes Community College is white (284 degrees awarded). There were 9.79 times more white recipients than the next closest race/ethnicity group, hispanic or latino (29 degrees).

The most common Associates Degree concentration at Iowa Lakes Community College is Liberal Arts & Sciences (146 degrees awarded), followed by Registered Nursing (30 degrees) and General Business Administration & Management (19 degrees).

In 2023, the most specialized majors across all degree types at Iowa Lakes Community College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Agriculture (34 degrees awarded), Construction (14 degrees), and Liberal Arts & Humanities (146 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Iowa Lakes Community College are Other managers (85,654 people), Elementary & middle school teachers (73,927 people), Construction managers (47,951 people), Farmers, ranchers, & other agricultural managers (30,694 people), and Secondary school teachers (29,845 people).

The most specialized majors at Iowa Lakes Community College in 2023 are Agriculture (34 degrees awarded), Construction (14 degrees), Liberal Arts & Humanities (146 degrees), Mechanical Technologies (24 degrees), and Natural Resources & Conservation (6 degrees) (as of 2023).

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 Iowa Lakes Community College are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Iowa Lakes Community College are Agriculture (34 degrees awarded), Construction (14 degrees), Liberal Arts & Humanities (146 degrees), Mechanical Technologies (24 degrees), and Natural Resources & Conservation (6 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Iowa Lakes Community College are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

Majors Awarded

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

Most Common (2023)

Liberal Arts & Sciences
146 degrees awarded
Registered Nursing
30 degrees awarded
General Business Administration & Management
19 degrees awarded

In 2023, the most common associates degree concentration at Iowa Lakes Community College was Liberal Arts & Sciences with 146 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Iowa Lakes Community College according to their major.

Sex Breakdown for Common Majors

177

Degrees Awarded to Men

in 2023

174

Degrees Awarded to Women

in 2023

In 2023, 177 degrees were awarded to men at Iowa Lakes Community College, which is 1.02 times more than the number of degrees awarded to females (174).

This chart displays the sex disparity between the top 5 majors at Iowa Lakes Community College by degrees awarded.

Most Common Male Majors

In 2023, 78 degrees were awarded to men at Iowa Lakes Community College in Liberal Arts & Sciences, which is 1.15 times more than the 68 female recipients with that same degree.

Most Common Female Majors

In 2023, 68 degrees were awarded to men at Iowa Lakes Community College in Liberal Arts & Sciences, which is 0.872 times less than the 78 male recipients with that same degree.

Time to Complete

34%

100% Completion Time

37%

150% Completion Time

In 2023, 34% of students graduating from Iowa Lakes Community College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 37% completed their degrees within 150% of the normal time, and 38% within 200%.

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

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Iowa Lakes Community College is Male and Two or More Races (100% graduation rate). Across all Associates Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 14% of graduates (13 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
284 degrees awarded
Hispanic or Latino
29 degrees awarded
Black or African American
15 degrees awarded

The most common race/ethnicity at Iowa Lakes Community College is white (284 degrees awarded). There were 9.79 times more white recipients than the next closest race/ethnicity group, hispanic or latino (29 degrees).

5.13% of degree recipients (18 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
147 degrees awarded
White Male
137 degrees awarded
Hispanic or Latino Male
19 degrees awarded

The most common race/ethnicity and sex grouping at Iowa Lakes Community College is white female (147 degrees awarded). There were 1.07 times more white female recipients than the next closest race/ethnicity group, white male (137 degrees).

Operations

Iowa Lakes Community College has an endowment valued at nearly $8.64M, as of the end of the 2023 fiscal year. The return on its endowment was of 553k (6.4%) compared to the 7.3% average return (423k on 5.8M) across all Associates Colleges.

In 2023, Iowa Lakes Community College had a total salary expenditure of 45M. Iowa Lakes Community College employs 27 Professors, 22 Assistant professors and 9 Instructors. Most academics at Iowa Lakes Community College are Female Professor (17), Male Assistant professor (14), and Male Professor (10).

The most common positions for non-instructional staff at Iowa Lakes Community College are: Management, with 36 employees, Office and Administrative Support, with 28 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 18 employees.

Endowment

$8.64M

2023 Endowment

5.13%

growth from 2022

Iowa Lakes Community College has an endowment valued at about $8.64M, as of the end of the 2023 fiscal year. The endowment of Iowa Lakes Community College grew 5.13% from the previous year. The value of their endowment was $2.84M higher than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Iowa Lakes Community College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: Mixed Transfer/Career & Technical-High Nontraditional Carnegie Classification grouping.

Salary Expenditure

$14.8M

2023 Salaries

2.35%

growth from 2022

In 2023, Iowa Lakes Community College paid a median of $14.8M in salaries, which represents 32.9% of their overall expenditure ($45M) and a 2.35% growth from the previous year. This is compared to a 2.88% growth between 2021 and 2022, and a 0.275% growth between 2020 and 2021.

The median for similar Associates Colleges is 16.8M (40.1% of overall expenditures).

Instructional Salaries

$4.33M

Instructional Salaries

Number of Employees

In 2023, Iowa Lakes Community College paid a total of $4.33M to 66 employees working as instructors, which represents 29.3% of all salaries paid.

This is compared to a median of $731k (4.21%) for similar Associates Colleges.

Occupations by Share

Professor

Most Common Instructor

27 Employees

Management

Most Common Non-Instructional Employee

36 Employees

In 2023, the most common positions for instructional staff at Iowa Lakes Community College were Professor with 27 employees, Assistant professor with 22 employees, and Instructor with 9 employees.

In 2023, the most common positions for non-instructional staff at Iowa Lakes Community College were Management with 36 employees, Office and Administrative Support with 28 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 18 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Professor
Male Assistant professor
Male Professor

In 2023, the most common demographic for instructional staff at Iowa Lakes Community College was Female Professor with 17 employees, Male Assistant professor with 14 employees, and Male Professor with 10 employees.

This chart shows the sex split between each academic rank present at Iowa Lakes Community College.

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