Lake Superior College

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2020 Undergraduate Tuition
$4,549
0% growth from 2019
2020 Average Net Price
$13,737
After Financial Aid
2018 Student Loan
9.62%
Default Rate
2020 Enrolled Students
4,762
34.2% Full-Time
2020 Graduation Rate
40%
175 Graduates

About

Lake Superior College is a higher education institution located in St. Louis County, MN. In 2016, the most popular Bachelor's Degree concentrations at Lake Superior College were .

In 2020, 862 degrees were awarded across all undergraduate and graduate programs at Lake Superior College. 59.6% of these degrees were awarded to women, and 40.4% awarded men. The most common race/ethnicity group of degree recipients was white (738 degrees), 23.1 times more than then the next closest race/ethnicity group, two or more races (32 degrees).

The median undergraduate tuition at Lake Superior College is $4,549, which is $−3,431 less than the national average for Associates Colleges ($7,980).

Costs

The median undergraduate tuition at Lake Superior College is $4,549, which is $−3,431 less than the national average for Associates Colleges ($7,980).

After taking grants and loans into account, the average net price for students is $13,737.

In 2020, 53% of undergraduate students attending Lake Superior College received financial aid through grants. Comparatively, 26% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$4,549
2020 Undergraduate Tuition

In 2020, the cost of tuition at Lake Superior College was $4,549. The cost of tuition at Lake Superior College is $−3,431 less than than the overall (public and private) national average for Associates Colleges ($7,980).

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

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Average Net Price

$13,737
2020 Value
10.6%
1 Year Growth

In 2020 Lake Superior College had an average net price — the price paid after factoring in grants and loans — of $13,737. Between 2019 and 2020, the average net price of Lake Superior College grew by 10.6%.

This chart compares the average net price of Lake Superior 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

$7,254
Room and Board
$1,500
Books and Supplies

The average yearly cost of room and board at Lake Superior College was of $7,254 in 2020. During the same period, the average yearly cost of books and supplies was $1,500. The cost of room and board increased by 4.87% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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

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Financial Aid

Financial Aid by Income Level

53%
Undergraduates Receiving Financial Aid through Grants
26%
Undergraduates Receiving Financial Aid through Loans

53% of undergraduate students at Lake Superior College received financial aid through grants or loans in 2020. This represents a growth of 26.2% with respect to 2019, when 42% of undergraduate students received financial aid.

This chart compares the average award discount at Lake Superior 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.
9.62%
2018 Default Rate
112
Number of Defaults

In 2018 the default rate for borrower's at Lake Superior College was 9.62%, which represents 112 out of the 1164 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 Superior College has a total enrollment of 4,762 students. The full-time enrollment at Lake Superior College is 1,630 students and the part-time enrollment is 3,132. This means that 34.2% of students enrolled at Lake Superior College are enrolled full-time.

The enrolled student population at Lake Superior College, both undergraduate and graduate, is 83.1% White, 4.33% Two or More Races, 3.65% Hispanic or Latino, 2.65% Black or African American, 1.53% Asian, 1.28% American Indian or Alaska Native, and 0.147% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Superior College in full-time Undergraduate programs are most commonly White Female (43.1%), followed by White Male (40.1%) and Two or More Races Female (2.76%). 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

34.2%
Full-Time Enrollment

The total enrollment at Lake Superior College, both undergraduate and graduate, is 4,762 students. The full-time enrollment at Lake Superior College is 1,630 and the part-time enrollment is 3,132. This means that 34.2% of students enrolled at Lake Superior College are enrolled full-time compared with 34.4% at similar Associates Colleges.

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

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Retention Rate over Time

57%
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 Superior College was 57%. Compared with the full-time retention rate at similar Associates Colleges (60%), Lake Superior College had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    3,957
  2. Two or More Races
    206
  3. Hispanic or Latino
    174

The enrolled student population at Lake Superior College is 83.1% White, 4.33% Two or More Races, 3.65% Hispanic or Latino, 2.65% Black or African American, 1.53% Asian, 1.28% American Indian or Alaska Native, and 0.147% 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 Associates Colleges is 44.5% White, 26.8% Hispanic or Latino, and 12.2% 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, 129 students (2.71%) did not report their race.

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Graduates

In 2020, 166 more women than men received degrees from Lake Superior College. The most common race/ethnicity group of degree recipients at Lake Superior College is white (738 degrees awarded). There were 23.1 times more white graduates than the next closest race/ethnicity group, two or more races (32 degrees).

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

The most specialized majors across all degree types at Lake Superior College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Construction (47 degrees awarded), Communication Technologies (10 degrees), and Precision Production (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 Superior College are Registered nurses (1,299,987 people), Medical & health services managers (147,252 people), Pharmacists (131,410 people), Nurse practitioners & nurse midwives (118,890 people), and Elementary & middle school teachers (108,841 people).

The most specialized majors at Lake Superior College are Construction (47 degrees awarded), Communication Technologies (10 degrees), Precision Production (28 degrees), Liberal Arts & Humanities (282 degrees), and Mechanical Technologies (34 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 Superior College are Surgeons, Skincare specialists, Broadcast announcers and radio disc jockeys, Physicians, and Dentists

The most specialized majors at Lake Superior College are Construction (47 degrees awarded), Communication Technologies (10 degrees), Precision Production (28 degrees), Liberal Arts & Humanities (282 degrees), and Mechanical Technologies (34 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 Superior College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,437,802 people), Elementary & secondary schools (300,375 people), Outpatient care centers (208,869 people), Offices of physicians (186,065 people), and Colleges, universities & professional schools, including junior colleges (149,084 people).

The most specialized majors at Lake Superior College are Construction (47 degrees awarded), Communication Technologies (10 degrees), Precision Production (28 degrees), Liberal Arts & Humanities (282 degrees), and Mechanical Technologies (34 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 Superior 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 Superior College was N/A with N/A degrees awarded.

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

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Sex Breakdown for Common Majors

348
Degrees Awarded to Men
in 2020
514
Degrees Awarded to Women
in 2020

In 2020, 348 degrees were awarded to men at Lake Superior College, which is 0.677 times less than the number of degrees awarded to females (514).

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

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Most Common Male Majors

In false, 92 degrees were awarded to men at Lake Superior College in Liberal Arts & Sciences, which is 0.484 times less than the 190 female recipients with that same degree.

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Most Common Female Majors

In false, 190 degrees were awarded to women at Lake Superior College in Liberal Arts & Sciences, which is 2.07 times more than the 92 male recipients with that same degree.

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Time to Complete

19%
100% Completion Time
34%
150% Completion Time

In 2020, 19% of students graduating from Lake Superior College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 34% completed their degrees within 150% of the normal time, and 35% within 200%.

The following chart shows these completion rates over time compared to the average for the 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 Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Lake Superior College is Male and Asian (100% graduation rate). Across all 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, 0.571% 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
    738 degrees awarded
  2. Two or More Races
    32 degrees awarded
  3. Hispanic or Latino
    24 degrees awarded

The most common race/ethnicity at Lake Superior College is white (738 degrees awarded). There were 23.1 times more white recipients than the next closest race/ethnicity group, two or more races (32 degrees).

1.74% of degree recipients (15 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    450 degrees awarded
  2. White Male
    288 degrees awarded
  3. Two or More Races Female
    21 degrees awarded

The most common race/ethnicity and sex grouping at Lake Superior College is white female (450 degrees awarded). There were 1.56 times more white female recipients than the next closest race/ethnicity group, white male (288 degrees).

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Operations

Lake Superior College has an endowment valued at nearly $720k, as of the end of the 2020 fiscal year. The return on its endowment was of $242k (33.6%), compared to the 5.11% average return ($226k on $4.42M) across all Associates Colleges.

In 2020, Lake Superior College had a total salary expenditure of $45.5M. Lake Superior College employs 82 Instructors, 0 N/A, and 0 N/A. Most academics at Lake Superior College are Male Instructors (43), Female Instructors(39), and N/A (0).

The most common positions for non-instructional staff at Lake Superior College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 30 employees, Office and Administrative Support, with 22 employees, and Management with 12 employees.

Finances

Endowment

$720k
2020 Endowment
10.9%
growth from 2019

Lake Superior College has an endowment valued at about $720k, as of the end of the 2020 fiscal year. The endowment of Lake Superior College grew 10.9% from the previous year. The value of their endowment was $3.7M lower than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: Mixed Transfer/Career & Technical-High Nontraditional Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $0 - Federal
  2. $0 - State
  3. $0 - Local

As of 2020, Lake Superior College received $0 in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$20.6M
2020 Salaries
0.291%
decline from 2019

In 2020, Lake Superior College paid a median of $20.6M in salaries, which represents 45.2% of their overall expenditure ($45.5M) and a 0.291% decline from the previous year. This is compared to a 3.6% growth from 2018 and a 6.73% growth from 2017.

The median for similar Associates Colleges is 16.8M (43.6% of overall expenditures).

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Instructional Salaries

$5.98M
Instructional Salaries
82
Number of Employees

In 2020, Lake Superior College paid a total of $5.98M to 82 employees working as instructors, which represents 29% of all salaries paid.

This is compared to a median of $4.98M (29.6%) for similar Associates Colleges.

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Faculty and Staff

Occupations by Share

Instructor
Most Common Instructor
82 Employees
Librarians, Curators, Archivists, and Academic Affairs and Other Education Services
Most Common Non-Instructional Employee
30 Employees

In 2020, the most common positions for instructional staff at Lake Superior College were Instructor with 82 employees; false with 0 employees; and false with 0 employees.

In 2020, the most common positions for non-instructional staff at Lake Superior College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 30 employees; Office and Administrative Support with 22 employees; and Management with 12 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Male Instructor
  2. Female Instructor

In 2020, the most common demographic for instructional staff at Lake Superior College was Male Instructor with 43 employees, and Female Instructor with 39 employees.

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

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