Lake Michigan College

https://www.lakemichigancollege.edu

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2019 Undergraduate Tuition

$3,165

1.44% growth from 2018

2019 Average Net Price

$8,918

After Financial Aid

2017 Student Loan

16.6%

Default Rate

2019 Enrolled Students

3,022

29.5% Full-Time

2018 Graduation Rate

15.3%

70 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 Energy Management & Systems Technology (2 degrees awarded).

In 2019, 459 degrees were awarded across all undergraduate and graduate programs at Lake Michigan College. 65.6% of these degrees were awarded to women, and 34.4% awarded men. The most common race/ethnicity group of degree recipients was white (329 degrees), 6.71 times more than then the next closest race/ethnicity group, hispanic or latino (49 degrees).

The median undergraduate tuition at Lake Michigan College is $3,165, which is $−9,324 less than the national average for Baccalaureate/Associates Colleges ($12,489).

Baccalaureate/Associates Colleges: Associates Dominant Baccalaureate/Associates Colleges

Costs

The median undergraduate tuition at Lake Michigan College is $3,165, which is $−9,324 less than the national average for Baccalaureate/Associates Colleges ($12,489).

After taking grants and loans into account, the average net price for students is $8,918.

In 2019, 38% of undergraduate students received federal grants, while 26% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$3,165

2019 Undergraduate Tuition

In 2019, the cost of tuition at Lake Michigan College was $3,165. The cost of tuition at Lake Michigan College is $−9,324 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($12,489).

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

Average Net Price

$8,918

2019 Value

19.9%

1 Year Growth

In 2019 Lake Michigan College had an average net price — the price paid after factoring in grants and loans — of $8,918. Between 2018 and 2019, the average net price of Lake Michigan College grew by 19.9%.

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 2019. During the same period, the average yearly cost of books and supplies was $1,800. The cost of room and board increased by 8.96% between 2018 and 2019. 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

Financial Aid by Income Level

38%

Of Undergraduates Receive Grants

26%

Of Undergraduates Receive Federal Loans

38% of undergraduate students at Lake Michigan College received grants or loans in 2019. This represents a decline of 13.6% with respect to 2018, when 44% 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.

16.6%

2017 Default Rate

Number of Defaults

In 2017 the default rate for borrower's at Lake Michigan College was 16.6%, which represents 79 out of the 476 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 has a total enrollment of 3,022 students. The full-time enrollment at Lake Michigan College is 891 students and the part-time enrollment is 2,131. This means that 29.5% of students enrolled at Lake Michigan College are enrolled full-time.

The enrolled student population at Lake Michigan College, both undergraduate and graduate, is 64.1% White, 11.8% Black or African American, 11.8% Hispanic or Latino, 3.61% Two or More Races, 1.92% Asian, 0% Native Hawaiian or Other Pacific Islanders, and 0% American Indian or Alaska Native.

Students enrolled at Lake Michigan College in full-time Undergraduate programs are most commonly White Female (35.2%), followed by White Male (29.5%) and Hispanic or Latino Female (7.52%). 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

29.5%

Full-Time Enrollment

The total enrollment at Lake Michigan College, both undergraduate and graduate, is 3,022 students. The full-time enrollment at Lake Michigan College is 891 and the part-time enrollment is 2,131. This means that 29.5% of students enrolled at Lake Michigan College are enrolled full-time compared with 44.4% 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

N/A%

N/A 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 N/A%. Compared with the full-time retention rate at similar Baccalaureate/Associates Colleges (63%), Lake Michigan College had a retention rate approximately the same as 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

White
1,936
Black or African American
358
Hispanic or Latino
358

The enrolled student population at Lake Michigan College is 64.1% White, 11.8% Black or African American, 11.8% Hispanic or Latino, 3.61% Two or More Races, 1.92% Asian, 0% Native Hawaiian or Other Pacific Islanders, and 0% 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 Baccalaureate/Associates Colleges is 44% White, 26% Hispanic or Latino, and 13.8% Black or African American.

Graduates

In 2019, 143 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 (329 degrees awarded). There were 6.71 times more white graduates than the next closest race/ethnicity group, hispanic or latino (49 degrees).

The most common Bachelor's Degree concentration at Lake Michigan College is Energy Management & Systems Technology (2 degrees awarded), 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 Liberal Arts & Humanities (175 degrees awarded), Precision Production (18 degrees), and Interdisciplinary Studies (31 degrees).

Workforce

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 (1,417,587 people), Software developers (535,833 people), Other managers (234,581 people), Medical & health services managers (161,593 people), and Elementary & middle school teachers (149,975 people).

The most specialized majors at Lake Michigan College are Liberal Arts & Humanities (175 degrees awarded), Precision Production (18 degrees), Interdisciplinary Studies (31 degrees), Agriculture (7 degrees), and Health (132 degrees).

Highest Paying Jobs by Major

Dentists

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 Dentists, Surgeons, Physicians, Architectural & engineering managers, and Securities, commodities, & financial services sales agents

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 (1,594,761 people), Computer Systems Design (592,501 people), Elementary & secondary schools (454,699 people), Colleges, universities & professional schools, including junior colleges (286,871 people), and Outpatient care centers (262,037 people).

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

Energy Management & Systems Technology
2 degree-majorss awarded
N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded

In 2019, the most common bachelors degree concentration at Lake Michigan College was Energy Management & Systems Technology with 2 degrees awarded.

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

Gender Breakdown for Common Majors

158

Degrees Awarded to Men

in 2019

301

Degrees Awarded to Women

in 2019

In 2019, 158 degrees were awarded to men at Lake Michigan College, which is 0.525 times less than the number of degrees awarded to females (301).

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

Most Common Male Majors

In 2019, 45 degrees were awarded to men at Lake Michigan College in Other Liberal Arts & Sciences, General Studies, & Humanities, which is 0.849 times less than the 53 female recipients with that same degree.

Most Common Female Majors

In 2019, 53 degrees were awarded to women at Lake Michigan College in Other Liberal Arts & Sciences, General Studies, & Humanities, which is 1.18 times more than the 45 male recipients with that same degree.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Female

Highest Graduation Rate (30%)

The student demographic with the highest graduation rate at Lake Michigan College is Female and Two or More Races (30% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (69.1%).

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, 4.29% of graduates (3 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
329 degrees awarded
Hispanic or Latino
49 degrees awarded
Black or African American
40 degrees awarded

The most common race/ethnicity at Lake Michigan College is white (329 degrees awarded). There were 6.71 times more white recipients than the next closest race/ethnicity group, hispanic or latino (49 degrees).

3.92% of degree recipients (18 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Female
214 degrees awarded
White Male
115 degrees awarded
Hispanic or Latino Female
35 degrees awarded

The most common race/ethnicity and gender grouping at Lake Michigan College is white female (214 degrees awarded). There were 1.86 times more white female recipients than the next closest race/ethnicity group, white male (115 degrees).

Operations

Lake Michigan College has an endowment valued at nearly $11.3M, as of the end of the 2019 fiscal year. The return on its endowment was of $−NaNM (−16.1%), compared to the 3.05% average return ($330k on $10.8M) across all Baccalaureate/Associates Colleges.

In 2019, Lake Michigan College had a total salary expenditure of $39.4M. Lake Michigan College employs 51 Instructors, 6 Lecturers, and 3 No academic ranks. Most academics at Lake Michigan College are Male Instructors (26), Female Instructors(25), and Male Lecturers (4).

The most common positions for non-instructional staff at Lake Michigan College are: Management, with 37 employees, Office and Administrative Support, with 37 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 17 employees.

Finances

Endowment

$11.3M

2019 Endowment

2.33%

growth from 2018

Lake Michigan College has an endowment valued at about $11.3M, as of the end of the 2019 fiscal year. The endowment of Lake Michigan College grew 2.33% from the previous year. The value of their endowment was $473k higher 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.

Government Grants and Contracts

Grants & Contracts

$1.94M - Federal
$143k - State
$0 - Local

As of 2019, Lake Michigan College received $1.94M in grants and contracts from the federal government, $143k from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$13M

2019 Salaries

6.87%

decline from 2018

In 2019, Lake Michigan College paid a median of $13M in salaries, which represents 33% of their overall expenditure ($39.4M) and a 6.87% decline from the previous year. This is compared to a 2.78% decline from 2017 and a 1.48% growth from 2016.

The median for similar Baccalaureate/Associates Colleges is 9.89M (32.2% of overall expenditures).

Instructional Salaries

$4.72M

Instructional Salaries

Number of Employees

In 2019, Lake Michigan College paid a total of $4.72M to 60 employees working as instructors, which represents 36.3% of all salaries paid.

This is compared to a median of $2.99M (30.3%) for similar Baccalaureate/Associates Colleges.

Faculty and Staff

Occupations by Share

Instructor

Most Common Instructor

51 Employees

Management

Most Common Non-Instructional Employee

37 Employees

In 2019, the most common positions for instructional staff at Lake Michigan College were Instructor with 51 employees; Lecturer with 6 employees; and Lecturer with 3 employees.

In 2019, the most common positions for non-instructional staff at Lake Michigan College were Management with 37 employees; Office and Administrative Support with 37 employees; and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 17 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male Instructor
Female Instructor
Male Lecturer

In 2019, the most common demographic for instructional staff at Lake Michigan College was Male Instructor with 26 employees, Female Instructor with 25 employees, and Male Lecturer with 4 employees.

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

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