Lake-Sumter State College

www.lssc.edu

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2023 Undergraduate Tuition

$3,292

2023 Average Net Price

$6,242

After Financial Aid

2020 Default Rate

on Student Loans

2023 Enrolled Students

5,064

33.7% Full-Time

2023 Graduation Rate

44.7%

272 Graduates

About

Lake-Sumter State College is a higher education institution located in Lake County, FL. In 2023, the most popular Associates Degree concentrations at Lake-Sumter State College were Liberal Arts & Sciences (651 degrees awarded), Registered Nursing (60 degrees), and General Engineering Technology (21 degrees).

In 2023, 990 degrees were awarded across all undergraduate and graduate programs at Lake-Sumter State College. 60.4% of these degrees were awarded to women, and 39.6% awarded men. The most common race/ethnicity group of degree recipients was white (541 degrees), 2.56 times more than then the next closest race/ethnicity group, hispanic or latino (211 degrees).

The median undergraduate tuition at Lake-Sumter State College is $3,292, which is $−8,899 less than the national average for Baccalaureate/Associates Colleges ($12,192).

In 2020 the default rate for borrower's at Lake-Sumter State College was 0%, corresponding to 0 out of the 348 total borrowers.

Baccalaureate/Associates Colleges: Associates Dominant Baccalaureate/Associates Colleges

Costs

In 2023, the median undergraduate tuition at Lake-Sumter State College is $3,292, which is $8,900 less than the national average for Baccalaureate/Associates Colleges ($12,192).

After taking grants and loans into account, the average net price for students is $6,242.

In 2023, 44% of undergraduate students attending Lake-Sumter State College received financial aid through grants. Comparatively, 44% of undergraduate students received financial aid through loans.

Tuition Costs

$3,292

2023 Undergraduate Tuition

In 2023, the cost of tuition at Lake-Sumter State College was $3,292. The cost of tuition at Lake-Sumter State College is $−8,900 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($12,192).

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

Average Net Price

$6,242

2023 Value

15.1%

1 Year Growth

In 2023 Lake-Sumter State College had an average net price — the price paid after factoring in grants and loans — of $6,242. Between 2022 and 2023, the average net price of Lake-Sumter State College grew by 15.1%.

This chart compares the average net price of Lake-Sumter State 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

$9,290

Room and Board

$2,600

Books and Supplies

The average yearly cost of room and board at Lake-Sumter State College was of $9,290 in 2023. The cost of room and board increased by 2.65% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $2,600. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

44%

Undergraduates Receiving Financial Aid through Grants

44%

Undergraduates Receiving Financial Aid through Loans

44% of undergraduate students at Lake-Sumter State College received financial aid through grants or loans in 2023. This represents a decline of 41.3% with respect to 2022, when 75% of undergraduate students received financial aid.

This chart compares the average award discount at Lake-Sumter State 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-Sumter State College was 0%, which represents 0 out of the 348 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-Sumter State College had a total enrollment of 5,064 students in 2023. The full-time enrollment at Lake-Sumter State College is 1,705 students and the part-time enrollment is 3,359. This means that 33.7% of students enrolled at Lake-Sumter State College are enrolled full-time.

The enrolled student population at Lake-Sumter State College, both undergraduate and graduate, is 50.3% White, 26.7% Hispanic or Latino, 11.2% Black or African American, 4.3% Asian, 2.76% Two or More Races, 0.592% American Indian or Alaska Native, and 0.237% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake-Sumter State College in full-time Undergraduate programs are most commonly White Female (30.1%), followed by White Male (20.4%) and Hispanic or Latino Female (15.9%).

Full-Time vs Part-Time Enrollment

33.7%

Full-Time Enrollment

The total enrollment at Lake-Sumter State College in 2023, both undergraduate and graduate, is 5,064 students. The full-time enrollment at Lake-Sumter State College is 1,705 and the part-time enrollment is 3,359. This means that 33.7% of students enrolled at Lake-Sumter State College are enrolled full-time compared with 44% at similar Baccalaureate/Associates Colleges.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
2,547 enrolled students
Hispanic or Latino
1,350 enrolled students
Black or African American
568 enrolled students

The enrolled student population at Lake-Sumter State College is 50.3% White, 26.7% Hispanic or Latino, 11.2% Black or African American, 4.3% Asian, 2.76% Two or More Races, 0.592% American Indian or Alaska Native, and 0.237% 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 42.4% White, 27.4% Hispanic or Latino, and 13.9% 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, 152 students (3%) did not report their race.

Graduates

In 2023, 206 more women than men received degrees from Lake-Sumter State College. The most common race/ethnicity group of degree recipients at Lake-Sumter State College is white (541 degrees awarded). There were 2.56 times more white recipients than the next closest race/ethnicity group, hispanic or latino (211 degrees).

The most common Associates Degree concentration at Lake-Sumter State College is Liberal Arts & Sciences (651 degrees awarded), followed by Registered Nursing (60 degrees) and General Engineering Technology (21 degrees).

In 2023, the most specialized majors across all degree types at Lake-Sumter State College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Science Technologies (83 degrees awarded), Liberal Arts & Humanities (651 degrees), and Engineering Technologies (42 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-Sumter State College are Registered nurses (1,544,623 people), Accountants & auditors (1,027,373 people), Other managers (805,036 people), Financial managers (523,089 people), and Chief executives & legislators (415,889 people).

The most specialized majors at Lake-Sumter State College in 2023 are Science Technologies (83 degrees awarded), Liberal Arts & Humanities (651 degrees), Engineering Technologies (42 degrees), Health (109 degrees), and Business (80 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 Lake-Sumter State College are Surgeons, Cardiovascular technologists and technicians, Skincare specialists, Broadcast announcers and radio disc jockeys, and Physicians

The most specialized majors at Lake-Sumter State College are Science Technologies (83 degrees awarded), Liberal Arts & Humanities (651 degrees), Engineering Technologies (42 degrees), Health (109 degrees), and Business (80 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 Lake-Sumter State College are Elementary & secondary schools (554,751 people), Computer Systems Design (528,787 people), Banking & related activities (476,617 people), Construction (468,284 people), and Securities, commodities, funds, trusts & other financial investments (406,298 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lake-Sumter State College.

Most Common (2023)

Liberal Arts & Sciences
651 degrees awarded
Registered Nursing
60 degrees awarded
General Engineering Technology
21 degrees awarded

In 2023, the most common associates degree concentration at Lake-Sumter State College was Liberal Arts & Sciences with 651 degrees awarded.

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

Sex Breakdown for Common Majors

392

Degrees Awarded to Men

in 2023

598

Degrees Awarded to Women

in 2023

In 2023, 392 degrees were awarded to men at Lake-Sumter State College, which is 0.656 times less than the number of degrees awarded to females (598).

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

Most Common Male Majors

In 2023, 261 degrees were awarded to men at Lake-Sumter State College in Liberal Arts & Sciences, which is 0.669 times less than the 390 female recipients with that same degree.

Most Common Female Majors

In 2023, 390 degrees were awarded to men at Lake-Sumter State College in Liberal Arts & Sciences, which is 1.49 times more than the 261 male recipients with that same degree.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Female

Highest Graduation Rate (59.8%)

The student demographic with the highest graduation rate in 2023 at Lake-Sumter State College is Female and Hispanic or Latino (59.8% graduation rate). Across all Baccalaureate/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, 1.84% of graduates (5 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
541 degrees awarded
Hispanic or Latino
211 degrees awarded
Black or African American
83 degrees awarded

The most common race/ethnicity at Lake-Sumter State College is white (541 degrees awarded). There were 2.56 times more white recipients than the next closest race/ethnicity group, hispanic or latino (211 degrees).

3.54% of degree recipients (35 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
325 degrees awarded
White Male
216 degrees awarded
Hispanic or Latino Female
118 degrees awarded

The most common race/ethnicity and sex grouping at Lake-Sumter State College is white female (325 degrees awarded). There were 1.5 times more white female recipients than the next closest race/ethnicity group, white male (216 degrees).

Operations

Lake-Sumter State College has an endowment valued at nearly $11.9M, as of the end of the 2023 fiscal year. The return on its endowment was of 237k (1.99%) compared to the 2.77% average return (416k on 15M) across all Baccalaureate/Associates Colleges.

In 2023, Lake-Sumter State College had a total salary expenditure of 44M. Lake-Sumter State College employs 36 Instructors, 25 Assistant professors and 4 Associate professors. Most academics at Lake-Sumter State College are Female Instructor (19), Male Instructor (17), and Female Assistant professor (15).

The most common positions for non-instructional staff at Lake-Sumter State College are: Management, with 62 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 35 employees, and Business and Financial Operations with 33 employees.

Endowment

$11.9M

2023 Endowment

14.4%

decline from 2022

Lake-Sumter State College has an endowment valued at about $11.9M, as of the end of the 2023 fiscal year. The endowment of Lake-Sumter State College declined 14.4% from the previous year. The value of their endowment was $3.12M 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-Sumter State 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

$106k - Federal
$111k - State
$1.49M - Local

As of 2023, Lake-Sumter State College received $106k in grants and contracts from the federal government, $111k from state grants and contracts, and $1.49M from local grants and contracts.

Salary Expenditure

$16.4M

2023 Salaries

7.55%

growth from 2022

In 2023, Lake-Sumter State College paid a median of $16.4M in salaries, which represents 37.2% of their overall expenditure ($44M) and a 7.55% growth from the previous year. This is compared to a 2.96% growth between 2021 and 2022, and a 4.6% growth between 2020 and 2021.

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

Instructional Salaries

$4.01M

Instructional Salaries

Number of Employees

In 2023, Lake-Sumter State College paid a total of $4.01M to 68 employees working as instructors, which represents 24.5% of all salaries paid.

This is compared to a median of $533k (3.76%) for similar Baccalaureate/Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

36 Employees

Management

Most Common Non-Instructional Employee

62 Employees

In 2023, the most common positions for instructional staff at Lake-Sumter State College were Instructor with 36 employees, Assistant professor with 25 employees, and Associate professor with 4 employees.

In 2023, the most common positions for non-instructional staff at Lake-Sumter State College were Management with 62 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 35 employees, and Business and Financial Operations with 33 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Instructor
Male Instructor
Female Assistant professor

In 2023, the most common demographic for instructional staff at Lake-Sumter State College was Female Instructor with 19 employees, Male Instructor with 17 employees, and Female Assistant professor with 15 employees.

This chart shows the sex split between each academic rank present at Lake-Sumter State College.

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