Lake Michigan College

https://www.lakemichigancollege.edu

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2022 Undergraduate Tuition

$5,048

3.87% growth from 2021

2022 Average Net Price

$9,567

After Financial Aid

2020 Default Rate

on Student Loans

2022 Enrolled Students

2,543

28.3% Full-Time

2022 Graduation Rate

21%

75 Graduates

About

Lake Michigan College is a higher education institution located in Berrien County, MI. In 2022, the most popular Associates Degree concentrations at Lake Michigan College were Other Liberal Arts & Sciences, General Studies, & Humanities (86 degrees awarded), General Studies (62 degrees), and Registered Nursing (29 degrees).

In 2022, 387 degrees were awarded across all undergraduate and graduate programs at Lake Michigan College. 69.3% of these degrees were awarded to women, and 30.7% awarded men. The most common race/ethnicity group of degree recipients was white (283 degrees), 6.29 times more than then the next closest race/ethnicity group, hispanic or latino (45 degrees).

The median undergraduate tuition at Lake Michigan College is $5,048, which is $−6,916 less than the national average for Baccalaureate/Associates Colleges ($11,964).

In 2020 the default rate for borrower's at Lake Michigan College was 0%, corresponding to 0 out of the 434 total borrowers.

Baccalaureate/Associates Colleges: Associates Dominant Baccalaureate/Associates Colleges

Costs

In 2022, the median undergraduate tuition at Lake Michigan College is $5,048, which is $6,916 less than the national average for Baccalaureate/Associates Colleges ($11,964).

After taking grants and loans into account, the average net price for students is $9,567.

In 2022, 87% of undergraduate students attending Lake Michigan College received financial aid through grants. Comparatively, 19% of undergraduate students received financial aid through loans.

Tuition Costs

$5,048

2022 Undergraduate Tuition

In 2022, the cost of tuition at Lake Michigan College was $5,048. The cost of tuition at Lake Michigan College is $−6,916 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($11,964).

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

Average Net Price

$9,567

2022 Value

17.4%

1 Year Growth

In 2022 Lake Michigan College had an average net price — the price paid after factoring in grants and loans — of $9,567. Between 2021 and 2022, the average net price of Lake Michigan College grew by 17.4%.

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.

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 2022. The cost of room and board did not change between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,800. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Lake Michigan College (in red) with that of similar universities.

Financial Aid by Income Level

87%

Undergraduates Receiving Financial Aid through Grants

19%

Undergraduates Receiving Financial Aid through Loans

87% of undergraduate students at Lake Michigan College received financial aid through grants or loans in 2022. This represents a growth of 67.3% with respect to 2021, when 52% 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.

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 Lake Michigan College was 0%, which represents 0 out of the 434 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

Lake Michigan College had a total enrollment of 2,543 students in 2022. The full-time enrollment at Lake Michigan College is 719 students and the part-time enrollment is 1,824. This means that 28.3% of students enrolled at Lake Michigan College are enrolled full-time.

The enrolled student population at Lake Michigan College, both undergraduate and graduate, is 60.7% White, 13.2% Hispanic or Latino, 11.8% Black or African American, 3.34% Two or More Races, 1.73% Asian, 0.786% American Indian or Alaska Native, and 0.393% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Michigan College in full-time Undergraduate programs are most commonly White Female (37.6%), followed by White Male (24.5%) and Hispanic or Latino Female (7.93%).

Full-Time vs Part-Time Enrollment

28.3%

Full-Time Enrollment

The total enrollment at Lake Michigan College in 2022, both undergraduate and graduate, is 2,543 students. The full-time enrollment at Lake Michigan College is 719 and the part-time enrollment is 1,824. This means that 28.3% of students enrolled at Lake Michigan College are enrolled full-time compared with 43.2% 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.

Retention Rate over Time

79%

2022 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 79%. Compared with the full-time retention rate at similar Baccalaureate/Associates Colleges (63%), 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
1,544 enrolled students
Hispanic or Latino
336 enrolled students
Black or African American
300 enrolled students

The enrolled student population at Lake Michigan College is 60.7% White, 13.2% Hispanic or Latino, 11.8% Black or African American, 3.34% Two or More Races, 1.73% Asian, 0.786% American Indian or Alaska Native, and 0.393% 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 42.6% White, 27.7% Hispanic or Latino, and 14% Black or African American.

Graduates

In 2022, 149 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 (283 degrees awarded). There were 6.29 times more white recipients than the next closest race/ethnicity group, hispanic or latino (45 degrees).

The most common Associates Degree concentration at Lake Michigan College is Other Liberal Arts & Sciences, General Studies, & Humanities (86 degrees awarded), followed by General Studies (62 degrees) and Registered Nursing (29 degrees).

In 2022, 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 (21 degrees awarded), Liberal Arts & Humanities (148 degrees), and Interdisciplinary Studies (25 degrees).

Common Jobs by Major

Registered nurses

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 (1,485,834 people), Elementary & middle school teachers (288,570 people), Other managers (218,756 people), Medical & health services managers (208,572 people), and Physicians (187,627 people).

The most specialized majors at Lake Michigan College in 2022 are Precision Production (21 degrees awarded), Liberal Arts & Humanities (148 degrees), Interdisciplinary Studies (25 degrees), Human Sciences (5 degrees), and Psychology (16 degrees) (as of 2022).

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 Lake Michigan College are Surgeons, Skincare specialists, Broadcast announcers and radio disc jockeys, Physicians, and Correspondence clerks & order clerks

The most specialized majors at Lake Michigan College are Precision Production (21 degrees awarded), Liberal Arts & Humanities (148 degrees), Interdisciplinary Studies (25 degrees), Human Sciences (5 degrees), and Psychology (16 degrees) (as of 2022).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

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 (1,769,738 people), Elementary & secondary schools (814,780 people), Outpatient care centers (426,467 people), Colleges, universities & professional schools, including junior colleges (370,144 people), and Offices of physicians (274,293 people).

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 (2022)

Other Liberal Arts & Sciences, General Studies, & Humanities
86 degrees awarded
General Studies
62 degrees awarded
Registered Nursing
29 degrees awarded

In 2022, the most common associates degree concentration at Lake Michigan College was Other Liberal Arts & Sciences, General Studies, & Humanities with 86 degrees awarded.

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

Sex Breakdown for Common Majors

119

Degrees Awarded to Men

in 2022

268

Degrees Awarded to Women

in 2022

In 2022, 119 degrees were awarded to men at Lake Michigan College, which is 0.444 times less than the number of degrees awarded to females (268).

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

Most Common Male Majors

In 2022, 25 degrees were awarded to men at Lake Michigan College in Other Liberal Arts & Sciences, General Studies, & Humanities, which is 0.41 times less than the 61 female recipients with that same degree.

Most Common Female Majors

In 2022, 61 degrees were awarded to men at Lake Michigan College in Other Liberal Arts & Sciences, General Studies, & Humanities, which is 2.44 times more than the 25 male recipients with that same degree.

Time to Complete

14%

100% Completion Time

16%

150% Completion Time

In 2022, 14% of students graduating from Lake Michigan College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 16% completed their degrees within 150% of the normal time, and 29% within 200%.

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

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Lake Michigan College is Female and Asian (100% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (73.2%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
283 degrees awarded
Hispanic or Latino
45 degrees awarded
Black or African American
30 degrees awarded

The most common race/ethnicity at Lake Michigan College is white (283 degrees awarded). There were 6.29 times more white recipients than the next closest race/ethnicity group, hispanic or latino (45 degrees).

1.29% of degree recipients (5 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
195 degrees awarded
White Male
88 degrees awarded
Hispanic or Latino Female
30 degrees awarded

The most common race/ethnicity and sex grouping at Lake Michigan College is white female (195 degrees awarded). There were 2.22 times more white female recipients than the next closest race/ethnicity group, white male (88 degrees).

Operations

Lake Michigan College has an endowment valued at nearly $12.1M, as of the end of the 2022 fiscal year. The return on its endowment was of −2.2M (−18.1%) compared to the 0.527% average return (72.1k on 13.7M) across all Baccalaureate/Associates Colleges.

In 2022, Lake Michigan College had a total salary expenditure of 43.5M. Lake Michigan College employs 37 Instructors, 13 No academic ranks and 3 Lecturers. Most academics at Lake Michigan College are Female Instructor (19), Male Instructor (18), and Female No academic rank (7).

The most common positions for non-instructional staff at Lake Michigan College are: Office and Administrative Support, with 40 employees, Management, with 22 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 17 employees.

Endowment

$12.1M

2022 Endowment

16.1%

decline from 2021

Lake Michigan College has an endowment valued at about $12.1M, as of the end of the 2022 fiscal year. The endowment of Lake Michigan College declined 16.1% from the previous year. The value of their endowment was $1.52M 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.

Salary Expenditure

$13.9M

2022 Salaries

5.05%

growth from 2021

In 2022, Lake Michigan College paid a median of $13.9M in salaries, which represents 31.9% of their overall expenditure ($43.5M) and a 5.05% growth from the previous year. This is compared to a 4.46% decline between 2020 and 2021, and a 6.43% growth between 2019 and 2020.

The median for similar Baccalaureate/Associates Colleges is 13M (33.2% of overall expenditures).

Instructional Salaries

$4.81M

Instructional Salaries

Number of Employees

In 2022, Lake Michigan College paid a total of $4.81M to 53 employees working as instructors, which represents 34.6% of all salaries paid.

This is compared to a median of $3.45M (26.6%) for similar Baccalaureate/Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

37 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

40 Employees

In 2022, the most common positions for instructional staff at Lake Michigan College were Instructor with 37 employees, No academic rank with 13 employees, and Lecturer with 3 employees.

In 2022, the most common positions for non-instructional staff at Lake Michigan College were Office and Administrative Support with 40 employees, Management with 22 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 17 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Female Instructor
Male Instructor
Female No academic rank

In 2022, the most common demographic for instructional staff at Lake Michigan College was Female Instructor with 19 employees, Male Instructor with 18 employees, and Female No academic rank with 7 employees.

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

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