Lake Michigan College

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2020 Undergraduate Tuition
$4,763
50.5% growth from 2019
2020 Average Net Price
$8,614
After Financial Aid
2018 Student Loan
13.1%
Default Rate
2020 Enrolled Students
2,499
31.8% Full-Time
2020 Graduation Rate
21%
62 Graduates

About

Lake Michigan College is a higher education institution located in Berrien County, MI. In 2016, the most popular Bachelor's Degree concentrations at Lake Michigan College were .

In 2020, 410 degrees were awarded across all undergraduate and graduate programs at Lake Michigan College. 68.3% of these degrees were awarded to women, and 31.7% awarded men. The most common race/ethnicity group of degree recipients was white (294 degrees), 6.13 times more than then the next closest race/ethnicity group, black or african american (48 degrees).

The median undergraduate tuition at Lake Michigan College is $4,763, which is $−7,066 less than the national average for Baccalaureate/Associates Colleges ($11,829).

Costs

The median undergraduate tuition at Lake Michigan College is $4,763, which is $−7,066 less than the national average for Baccalaureate/Associates Colleges ($11,829).

After taking grants and loans into account, the average net price for students is $8,614.

In 2020, 39% of undergraduate students attending Lake Michigan College received financial aid through grants. Comparatively, 37% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$4,763
2020 Undergraduate Tuition

In 2020, the cost of tuition at Lake Michigan College was $4,763. The cost of tuition at Lake Michigan College is $−7,066 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($11,829).

This chart compares the tuition costs of Lake Michigan College (in red) with those of other similar universities.

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Average Net Price

$8,614
2020 Value
3.41%
1 Year Growth

In 2020 Lake Michigan College had an average net price — the price paid after factoring in grants and loans — of $8,614. Between 2019 and 2020, the average net price of Lake Michigan College grew by 3.41%.

This chart compares the average net price of Lake Michigan 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.

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Other Student Expenses

$8,390
Room and Board
$1,800
Books and Supplies

The average yearly cost of room and board at Lake Michigan College was of $8,390 in 2020. During the same period, the average yearly cost of books and supplies was $1,800. The cost of room and board did not change between 2019 and 2020. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

39%
Undergraduates Receiving Financial Aid through Grants
37%
Undergraduates Receiving Financial Aid through Loans

39% of undergraduate students at Lake Michigan College received financial aid through grants or loans in 2020. This represents a growth of 2.63% with respect to 2019, when 38% of undergraduate students received financial aid.

This chart compares the average award discount at Lake Michigan 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.

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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.
13.1%
2018 Default Rate
58
Number of Defaults

In 2018 the default rate for borrower's at Lake Michigan College was 13.1%, which represents 58 out of the 444 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.

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Enrollment

Lake Michigan College has a total enrollment of 2,499 students. The full-time enrollment at Lake Michigan College is 795 students and the part-time enrollment is 1,704. This means that 31.8% of students enrolled at Lake Michigan College are enrolled full-time.

The enrolled student population at Lake Michigan College, both undergraduate and graduate, is 62.5% White, 12% Black or African American, 11.5% Hispanic or Latino, 4.24% Two or More Races, 2% Asian, 0.4% American Indian or Alaska Native, and 0.08% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Michigan College in full-time Undergraduate programs are most commonly White Female (39.2%), followed by White Male (25.9%) and Hispanic or Latino Female (8.43%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

31.8%
Full-Time Enrollment

The total enrollment at Lake Michigan College, both undergraduate and graduate, is 2,499 students. The full-time enrollment at Lake Michigan College is 795 and the part-time enrollment is 1,704. This means that 31.8% of students enrolled at Lake Michigan College are enrolled full-time compared with 44.3% at similar Baccalaureate/Associates Colleges.

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

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Retention Rate over Time

91%
2020 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 Lake Michigan College was 91%. Compared with the full-time retention rate at similar Baccalaureate/Associates Colleges (66%), Lake Michigan College had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    1,561
  2. Black or African American
    299
  3. Hispanic or Latino
    288

The enrolled student population at Lake Michigan College is 62.5% White, 12% Black or African American, 11.5% Hispanic or Latino, 4.24% Two or More Races, 2% Asian, 0.4% American Indian or Alaska Native, and 0.08% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate/Associates Colleges is 44.2% White, 26% Hispanic or Latino, and 13.5% Black or African American.

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Graduates

In 2020, 150 more women than men received degrees from Lake Michigan College. The most common race/ethnicity group of degree recipients at Lake Michigan College is white (294 degrees awarded). There were 6.13 times more white graduates than the next closest race/ethnicity group, black or african american (48 degrees).

The most common Bachelor's Degree concentration at Lake Michigan College is N/A, followed by N/A and N/A.

The most specialized majors across all degree types at Lake Michigan College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Precision Production (20 degrees awarded), Liberal Arts & Humanities (172 degrees), and Interdisciplinary Studies (28 degrees).

Workforce

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lake Michigan College are Registered nurses (1,339,590 people), Elementary & middle school teachers (207,543 people), Medical & health services managers (165,417 people), Other managers (151,119 people), and Physicians (144,114 people).

The most specialized majors at Lake Michigan College are Precision Production (20 degrees awarded), Liberal Arts & Humanities (172 degrees), Interdisciplinary Studies (28 degrees), Health (101 degrees), and Protective Services (12 degrees).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake Michigan College are Surgeons, Skincare specialists, Physicians, Broadcast announcers and radio disc jockeys, and Securities, commodities, & financial services sales agents

The most specialized majors at Lake Michigan College are Precision Production (20 degrees awarded), Liberal Arts & Humanities (172 degrees), Interdisciplinary Studies (28 degrees), Health (101 degrees), and Protective Services (12 degrees).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake Michigan College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,556,153 people), Elementary & secondary schools (499,497 people), Justice, public order, & safety activities (347,394 people), Outpatient care centers (251,205 people), and Colleges, universities & professional schools, including junior colleges (219,576 people).

The most specialized majors at Lake Michigan College are Precision Production (20 degrees awarded), Liberal Arts & Humanities (172 degrees), Interdisciplinary Studies (28 degrees), Health (101 degrees), and Protective Services (12 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lake Michigan College.
Most Common
  1. N/A
    N/A degree-majorss awarded
  2. N/A
    N/A degree-majorss awarded
  3. N/A
    N/A degree-majorss awarded

In false, the most common bachelors degree concentration at Lake Michigan College was N/A with N/A degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Lake Michigan College according to their major.

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Sex Breakdown for Common Majors

130
Degrees Awarded to Men
in 2020
280
Degrees Awarded to Women
in 2020

In 2020, 130 degrees were awarded to men at Lake Michigan College, which is 0.464 times less than the number of degrees awarded to females (280).

This chart displays the sex disparity between the top 5 majors at Lake Michigan College by degrees awarded.

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Most Common Male Majors

In false, 39 degrees were awarded to men at Lake Michigan College in Other Liberal Arts & Sciences, General Studies, & Humanities, which is 0.582 times less than the 67 female recipients with that same degree.

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Most Common Female Majors

In false, 67 degrees were awarded to women at Lake Michigan College in Other Liberal Arts & Sciences, General Studies, & Humanities, which is 1.72 times more than the 39 male recipients with that same degree.

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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (50%)

The student demographic with the highest graduation rate at Lake Michigan College is Female and Asian (50% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 1.61% of graduates (1 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    294 degrees awarded
  2. Black or African American
    48 degrees awarded
  3. Hispanic or Latino
    39 degrees awarded

The most common race/ethnicity at Lake Michigan College is white (294 degrees awarded). There were 6.13 times more white recipients than the next closest race/ethnicity group, black or african american (48 degrees).

1.71% of degree recipients (7 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    196 degrees awarded
  2. White Male
    98 degrees awarded
  3. Black or African American Female
    39 degrees awarded

The most common race/ethnicity and sex grouping at Lake Michigan College is white female (196 degrees awarded). There were 2 times more white female recipients than the next closest race/ethnicity group, white male (98 degrees).

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Operations

Lake Michigan College has an endowment valued at nearly $11.4M, as of the end of the 2020 fiscal year. The return on its endowment was of $870k (7.62%), compared to the 2.62% average return ($302k on $11.5M) across all Baccalaureate/Associates Colleges.

In 2020, Lake Michigan College had a total salary expenditure of $41.3M. Lake Michigan College employs 45 Instructors, 4 Lecturers, and 3 No academic ranks. Most academics at Lake Michigan College are Male Instructors (23), Female Instructors(22), and Male Lecturers (2).

The most common positions for non-instructional staff at Lake Michigan College are: Office and Administrative Support, with 40 employees, Management, with 38 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 15 employees.

Finances

Endowment

$11.4M
2020 Endowment
1.18%
growth from 2019

Lake Michigan College has an endowment valued at about $11.4M, as of the end of the 2020 fiscal year. The endowment of Lake Michigan College grew 1.18% from the previous year. The value of their endowment was $89k lower than than the median endowment of Baccalaureate/Associates Colleges according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate/Associates Colleges: Associates Dominant Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $2.03M - Federal
  2. $76.4k - State
  3. $0 - Local

As of 2020, Lake Michigan College received $2.03M in grants and contracts from the federal government, $76.4k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$13.8M
2020 Salaries
6.43%
growth from 2019

In 2020, Lake Michigan College paid a median of $13.8M in salaries, which represents 33.5% of their overall expenditure ($41.3M) and a 6.43% growth from the previous year. This is compared to a 6.87% decline from 2018 and a 2.78% decline from 2017.

The median for similar Baccalaureate/Associates Colleges is 10.7M (32% of overall expenditures).

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Instructional Salaries

$4.21M
Instructional Salaries
52
Number of Employees

In 2020, Lake Michigan College paid a total of $4.21M to 52 employees working as instructors, which represents 30.4% of all salaries paid.

This is compared to a median of $3.2M (29.9%) for similar Baccalaureate/Associates Colleges.

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Faculty and Staff

Occupations by Share

Instructor
Most Common Instructor
45 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
40 Employees

In 2020, the most common positions for instructional staff at Lake Michigan College were Instructor with 45 employees; Lecturer with 4 employees; and Lecturer with 3 employees.

In 2020, the most common positions for non-instructional staff at Lake Michigan College were Office and Administrative Support with 40 employees; Management with 38 employees; and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 15 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Male Instructor
  2. Female Instructor
  3. Male Lecturer

In 2020, the most common demographic for instructional staff at Lake Michigan College was Male Instructor with 23 employees, Female Instructor with 22 employees, and Male Lecturer with 2 employees.

This chart shows the sex split between each academic rank present at Lake Michigan College.

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