Lake Michigan College

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2016 Undergraduate Tuition

$2,910

3.19% growth from 2015

2016 Average Net Price

$8,090

After Financial Aid

2015 Student Loan

21%

Default Rate

2016 Enrolled Students

4,059

27.6% Full-Time

2016 Graduation Rate

17.6%

91 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 2016, 447 degrees were awarded across all undergraduate and graduate programs at Lake Michigan College. 65.3% of these degrees were awarded to women, and 34.7% awarded men. The majority of degree recipients were white (309 degrees), 6.18 times more than then the next closest race/ethnicity group, black or african american (50 degrees).

The median undergraduate tuition at Lake Michigan College is $2,910, which is $-9,890 less than the national average for Baccalaureate/Associates Colleges ($12,800).

Costs

The median undergraduate tuition at Lake Michigan College is $2,910, which is $-9,890 less than the national average for Baccalaureate/Associates Colleges ($12,800).

After taking grants and loans into account, the average net price for students is $8,090.

In 2016, 42% of undergraduate students received federal grants, while 16% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$2,910

2016 Undergraduate Tuition

In 2016, the cost of tuition at Lake Michigan College was $2,910. The cost of tuition at Lake Michigan College is $-9,890 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($12,800).

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

$8,090

2016 Value

12.3%

1 Year Growth

In 2016 Lake Michigan College had an average net price — the price paid after factoring in grants and loans — of $8,090. Between 2015 and 2016, the average net price of Lake Michigan College grew by 12.3%.

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

$7,700

Room and Board

$1,800

Books and Supplies

The average yearly cost of room and board at Lake Michigan College was of $7,700 in 2016. During the same period, the average yearly cost of books and supplies was $1,800. The cost of room and board increased by 3.7% between 2015 and 2016. The cost of books and supplies increased by 12.5% during the same period.

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

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Financial Aid

Financial Aid by Income Level

42%

Of Undergraduates Receive Grants

16%

Of Undergraduates Receive Federal Loans

42% of undergraduate students at Lake Michigan College received grants or loans in 2016. This represents a decline of 10.6% with respect to 2015, when 47% 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.

21%

2015 Default Rate

134

Number of Defaults

In 2015 the default rate for borrower's at Lake Michigan College was 21%, which represents 134 out of the 638 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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Admissions

Lake Michigan College received N/A undergraduate applications in N/A, which represents a 0% annual growth. Out of those N/A applicants, N/A students were accepted for enrollment, representing a N/A% acceptance rate.

There were 4,059 students enrolled at Lake Michigan College in 2016, and N/A% of first-time enrollees submitted SAT scores with their applications.

Lake Michigan College has an overall enrollment yield of N/A%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

N/A%

Acceptance Rate in N/A

N/A

Accepted Out of N/A

In N/A, the undergraduate acceptance rate of Lake Michigan College was N/A% (N/A admissions from N/A applications). This is approximately the same as the acceptance rate of N/A, which was N/A%. Between N/A and N/A, the number of applicants stayed by N/A%, while admissions stayed by N/A%.

This chart compares the acceptance rate of Lake Michigan College (in red) with that of other similar universities.

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SAT Scores

N/A%

Submission Percentage

N/A

Scores Submitted

N/A% of enrolled first-time students at Lake Michigan College in N/A submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Lake Michigan College has a total enrollment of 4,059 students. The full-time enrollment at Lake Michigan College is 1,122 students and the part-time enrollment is 2,937. This means that 27.6% of students enrolled at Lake Michigan College are enrolled full-time.

The enrolled student population at Lake Michigan College, both undergraduate and graduate, is 67.7% White, 11.5% Black or African American, 9.16% Hispanic or Latino, 3.7% Two or More Races, 1.97% Asian, 0.542% American Indian or Alaska Native, and 0.0739% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Michigan College in full-time Undergraduate programs are majority White Female (37.7%), followed by White Male (26.8%) and Black or African American Female (6.95%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

27.6%

Full-Time Enrollment

The total enrollment at Lake Michigan College, both undergraduate and graduate, is 4,059 students. The full-time enrollment at Lake Michigan College is 1,122 and the part-time enrollment is 2,937. This means that 27.6% of students enrolled at Lake Michigan College are enrolled full-time compared with 44.9% 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

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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    2,749

  2. Black or African American

    465

  3. Hispanic or Latino

    372

The enrolled student population at Lake Michigan College is 67.7% White, 11.5% Black or African American, 9.16% Hispanic or Latino, 3.7% Two or More Races, 1.97% Asian, 0.542% American Indian or Alaska Native, and 0.0739% 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 47.2% White, 23.1% Hispanic or Latino, and 14.6% 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, 218 students (5.37%) did not report their race.

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Graduates

In 2016, 137 more women than men received degrees from Lake Michigan College. The majority of degree recipients at Lake Michigan College are white (309 degrees awarded). There were 6.18 times more white graduates than the next closest race/ethnicity group, black or african american (50 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 (29 degrees awarded), Interdisciplinary Studies (26 degrees), and Liberal Arts & Humanities (92 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 (1,275,094 people), Elementary & middle school teachers (227,524 people), Miscellaneous managers (203,052 people), Physicians & surgeons (158,347 people), and Medical & health services managers (152,311 people).

The most specialized majors at Lake Michigan College are Precision Production (29 degrees awarded), Interdisciplinary Studies (26 degrees), Liberal Arts & Humanities (92 degrees), Health (123 degrees), and Engineering Technologies (10 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake Michigan College are Securities, commodities, & financial services sales agents, Physicians & surgeons, Chief executives & legislators, Dentists, and Personal financial advisors

The most specialized majors at Lake Michigan College are Precision Production (29 degrees awarded), Interdisciplinary Studies (26 degrees), Liberal Arts & Humanities (92 degrees), Health (123 degrees), and Engineering Technologies (10 degrees).

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Common Industries by Major

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 Hospitals (1,533,849 people), Elementary & secondary schools (493,387 people), Colleges, universities & professional schools, including junior colleges (250,966 people), Outpatient care centers (221,673 people), and Offices of physicians (192,765 people).

The most specialized majors at Lake Michigan College are Precision Production (29 degrees awarded), Interdisciplinary Studies (26 degrees), Liberal Arts & Humanities (92 degrees), Health (123 degrees), and Engineering Technologies (10 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 degrees awarded

  2. N/A

    N/A degrees awarded

  3. N/A

    N/A degrees awarded

In N/A, 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 recipients from bachelors degree programs at Lake Michigan College according to their major.

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 155

  2. 292

In 2016, 155 degrees were awarded to men at Lake Michigan College, which is 0.531 times less than the number of degrees awarded to females (292).

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

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Most Common Male Majors

In N/A, 30 degrees were awarded to men at Lake Michigan College in General Studies, which is 0.714 times less than the 42 female recipients with that same degree.

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Most Common Female Majors

In N/A, 42 degrees were awarded to women at Lake Michigan College in General Studies, which is 1.4 times more than the 30 male recipients with that same degree.

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Time to Complete

N/A%

100% Completion Time

N/A%

150% Completion Time

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

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (50%)

The student demographic with the highest graduation rate at Lake Michigan College is Male and Asian (50% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (67.2%).

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.

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, 5.49% of graduates (5 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    309 degrees awarded

  2. Black or African American

    50 degrees awarded

  3. Unknown

    35 degrees awarded

The most common race/ethnicity at Lake Michigan College is white (309 degrees awarded). There were 6.18 times more white recipients than the next closest race/ethnicity group, black or african american (50 degrees).

7.83% of degree recipients (35 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    205 degrees awarded

  2. White Male

    104 degrees awarded

  3. Black or African American Female

    32 degrees awarded

The most common race/ethnicity and gender grouping at Lake Michigan College is white female (205 degrees awarded). There were 1.97 times more white female recipients than the next closest race/ethnicity group, white male (104 degrees).

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Operations

Lake Michigan College has an endowment valued at nearly $8.88M, as of the end of the 2015 fiscal year. The return on its endowment was of $-1.34M (-15.1%), compared to the 0.934% average return ($83.5k on $8.94M) across all Baccalaureate/Associates Colleges.

In 2015, Lake Michigan College had a total expenditure of $38.3M. Of that $38.3M, they spent $14.4M on salaries and $38.3M on benefits.

Lake Michigan College employs N/A N/A, N/A N/A, and N/A N/A. Most academics at Lake Michigan College are Female Instructors (28), Male Instructors(27), and Male Lecturers (1).

The most common positions for non-instructional staff at Lake Michigan College are: Office and Administrative Support, with 41 employees, Management, with 40 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 19 employees.

Finances

Endowment

$8.88M

2015 Endowment

0.518%

decline from 2014

Lake Michigan College has an endowment valued at about $8.88M, as of the end of the 2015 fiscal year. The endowment of Lake Michigan College declined 0.518% from the previous year. The value of their endowment was $64.6k 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. $1.61M - Federal

  2. $62.6k - State

  3. $0 - Local

As of 2015, Lake Michigan College received $1.61M in grants and contracts from the federal government, $62.6k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$14.4M

Salary Expenditure

$38.3M

Benefits Expenditure

In 2015, Lake Michigan College had a total expenditure of $38.3M. Of that $38.3M, they spent $14.4M on salaries and $38.3M on benefits.

The bar chart shows the share of the primary expenses at Lake Michigan College over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Baccalaureate/Associates Colleges Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Lake Michigan College as a share of total expenditure.

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Salary Expenditure

$14.4M

2015 Salaries

11.1%

decline from 2014

In 2015, Lake Michigan College paid a median of $14.4M in salaries, which represents 37.7% of their overall expenditure ($38.3M) and a 11.1% decline from the previous year. This is compared to a 0.777% growth from 2013 and a 11.3% decline from 2012.

The median for similar Baccalaureate/Associates Colleges is 3.29M (34.3% of overall expenditures).

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Instructional Salaries

$3.98M

Instructional Salaries

50

Number of Employees

In 2015, Lake Michigan College paid a total of $3.98M to 50 employees working as instructors, which represents 27.6% of all salaries paid.

This is compared to a median of $672k (20.4%) for similar Baccalaureate/Associates Colleges.

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Faculty and Staff

Occupations by Share

N/A

Most Common Instructor

N/A Employees

Office and Administrative Support

Most Common Non-Instructional Employee

41 Employees

In N/A, the most common positions for instructional staff at Lake Michigan College were N/A with N/A employees; N/A with N/A employees; and N/A with N/A employees.

In N/A, the most common positions for non-instructional staff at Lake Michigan College were Office and Administrative Support with 41 employees; Management with 40 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 19 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Female Instructor

  2. Male Instructor

  3. Male Lecturer

In 2016, the most common demographic for instructional staff at Lake Michigan College was Female Instructor with 28 employees, Male Instructor with 27 employees, and Male Lecturer with 1 employees.

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

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