Lake Michigan College

https://www.lakemichigancollege.edu/

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2021 Undergraduate Tuition

$4,860

2.04% growth from 2020

2021 Average Net Price

$8,146

After Financial Aid

2019 Student Loan

5.12%

Default Rate

2021 Enrolled Students

2,729

27% Full-Time

2021 Graduation Rate

15.6%

56 Graduates

About

Lake Michigan College is a higher education institution located in Berrien County, MI. In 2021, the most popular Associates Degree concentrations at Lake Michigan College were Other Liberal Arts & Sciences, General Studies, & Humanities (90 degrees awarded), Registered Nursing (46 degrees), and General Studies (44 degrees).

In 2021, 370 degrees were awarded across all undergraduate and graduate programs at Lake Michigan College. 61.9% of these degrees were awarded to women, and 38.1% awarded men. The most common race/ethnicity group of degree recipients was white (265 degrees), 6.63 times more than then the next closest race/ethnicity group, black or african american (40 degrees).

The median undergraduate tuition at Lake Michigan College is $4,860, which is $−6,924 less than the national average for Baccalaureate/Associates Colleges ($11,784).

Baccalaureate/Associates Colleges: Associates Dominant Baccalaureate/Associates Colleges

Costs

In 2021, the median undergraduate tuition at Lake Michigan College is $4,860, which is $−6,924 less than the national average for Baccalaureate/Associates Colleges ($11,784).

After taking grants and loans into account, the average net price for students is $8,146.

In 2021, 52% of undergraduate students attending Lake Michigan College received financial aid through grants. Comparatively, 18% of undergraduate students received financial aid through loans.

Tuition Costs

$4,860

2021 Undergraduate Tuition

In 2021, the cost of tuition at Lake Michigan College was $4,860. The cost of tuition at Lake Michigan College is $−6,924 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($11,784).

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

Average Net Price

$8,146

2021 Value

5.43%

1 Year Growth

In 2021 Lake Michigan College had an average net price — the price paid after factoring in grants and loans — of $8,146. Between 2020 and 2021, the average net price of Lake Michigan College grew by 5.43%.

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 2021. The cost of room and board did not change between 2020 and 2021.

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

52%

Undergraduates Receiving Financial Aid through Grants

18%

Undergraduates Receiving Financial Aid through Loans

52% of undergraduate students at Lake Michigan College received financial aid through grants or loans in 2021. This represents a growth of 33.3% with respect to 2020, when 39% 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.

5.12%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Lake Michigan College was 5.12%, which represents 22 out of the 430 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 2,729 students in 2021. The full-time enrollment at Lake Michigan College is 737 students and the part-time enrollment is 1,992. This means that 27% of students enrolled at Lake Michigan College are enrolled full-time.

The enrolled student population at Lake Michigan College, both undergraduate and graduate, is 62.3% White, 14% Black or African American, 10.5% Hispanic or Latino, 4.14% Two or More Races, 1.43% Asian, 0.476% American Indian or Alaska Native, and 0.293% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Michigan College in full-time Undergraduate programs are most commonly White Female (38.1%), followed by White Male (25.4%) and Black or African American Female (6.92%).

Full-Time vs Part-Time Enrollment

27%

Full-Time Enrollment

The total enrollment at Lake Michigan College in 2021, both undergraduate and graduate, is 2,729 students. The full-time enrollment at Lake Michigan College is 737 and the part-time enrollment is 1,992. This means that 27% of students enrolled at Lake Michigan College are enrolled full-time compared with 42.4% 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

81%

2021 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 81%. Compared with the full-time retention rate at similar Baccalaureate/Associates Colleges (59%), 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 (2021)

White
1,700 enrolled students
Black or African American
382 enrolled students
Hispanic or Latino
287 enrolled students

The enrolled student population at Lake Michigan College is 62.3% White, 14% Black or African American, 10.5% Hispanic or Latino, 4.14% Two or More Races, 1.43% Asian, 0.476% American Indian or Alaska Native, and 0.293% 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 43.3% White, 26.7% Hispanic or Latino, and 13.8% Black or African American.

Graduates

In 2021, 88 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 (265 degrees awarded). There were 6.63 times more white recipients than the next closest race/ethnicity group, black or african american (40 degrees).

The most common Associates Degree concentration at Lake Michigan College is Other Liberal Arts & Sciences, General Studies, & Humanities (90 degrees awarded), followed by Registered Nursing (46 degrees) and General Studies (44 degrees).

In 2021, 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), Interdisciplinary Studies (37 degrees), and Liberal Arts & Humanities (134 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 (1,380,174 people), Software developers (504,857 people), Other managers (215,116 people), Elementary & middle school teachers (201,958 people), and Medical & health services managers (168,239 people).

The most specialized majors at Lake Michigan College in 2021 are Precision Production (21 degrees awarded), Interdisciplinary Studies (37 degrees), Liberal Arts & Humanities (134 degrees), Health (87 degrees), and Computer and Information Sciences and Support Services (19 degrees) (as of 2021).

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, Broadcast announcers and radio disc jockeys, Physicians, Cardiovascular technologists and technicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Lake Michigan College are Precision Production (21 degrees awarded), Interdisciplinary Studies (37 degrees), Liberal Arts & Humanities (134 degrees), Health (87 degrees), and Computer and Information Sciences and Support Services (19 degrees) (as of 2021).

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 (1,616,146 people), Computer Systems Design (590,539 people), Elementary & secondary schools (524,469 people), Colleges, universities & professional schools, including junior colleges (278,765 people), and Outpatient care centers (264,422 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 (2021)

Other Liberal Arts & Sciences, General Studies, & Humanities
90 degree-majors awarded
Registered Nursing
46 degree-majors awarded
General Studies
44 degree-majors awarded

In 2021, the most common associates degree concentration at Lake Michigan College was Other Liberal Arts & Sciences, General Studies, & Humanities with 90 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

141

Degrees Awarded to Men

in 2021

229

Degrees Awarded to Women

in 2021

In 2021, 141 degrees were awarded to men at Lake Michigan College, which is 0.616 times less than the number of degrees awarded to females (229).

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

Most Common Male Majors

In 2021, 32 degrees were awarded to men at Lake Michigan College in Other Liberal Arts & Sciences, General Studies, & Humanities, which is 0.552 times less than the 58 female recipients with that same degree.

Most Common Female Majors

In 2021, 58 degrees were awarded to men at Lake Michigan College in Other Liberal Arts & Sciences, General Studies, & Humanities, which is 1.81 times more than the 32 male recipients with that same degree.

Time to Complete

10%

100% Completion Time

21%

150% Completion Time

In 2021, 10% of students graduating from Lake Michigan College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 21% completed their degrees within 150% of the normal time, and 28% 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 2021 at Lake Michigan College is Female and Asian (100% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (72.9%).

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 (2021)

White
265 degrees awarded
Black or African American
40 degrees awarded
Hispanic or Latino
39 degrees awarded

The most common race/ethnicity at Lake Michigan College is white (265 degrees awarded). There were 6.63 times more white recipients than the next closest race/ethnicity group, black or african american (40 degrees).

2.7% of degree recipients (10 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
163 degrees awarded
White Male
102 degrees awarded
Black or African American Female
27 degrees awarded

The most common race/ethnicity and sex grouping at Lake Michigan College is white female (163 degrees awarded). There were 1.6 times more white female recipients than the next closest race/ethnicity group, white male (102 degrees).

Operations

Lake Michigan College has an endowment valued at nearly $14.5M, as of the end of the 2021 fiscal year. The return on its endowment was of 3.51M (24.2%) compared to the 1.05% average return (152k on 14.5M) across all Baccalaureate/Associates Colleges.

In 2021, Lake Michigan College had a total salary expenditure of 41.1M. Lake Michigan College employs 47 Instructors, 4 Lecturers and 3 No academic ranks. Most academics at Lake Michigan College are Male Instructor (25), Female Instructor (22), and Female Lecturer (3).

The most common positions for non-instructional staff at Lake Michigan College are: Management, with 42 employees, Office and Administrative Support, with 39 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 13 employees.

Endowment

$14.5M

2021 Endowment

26.7%

growth from 2020

Lake Michigan College has an endowment valued at about $14.5M, as of the end of the 2021 fiscal year. The endowment of Lake Michigan College grew 26.7% from the previous year. The value of their endowment was $0 approximately the same as 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

$13.2M

2021 Salaries

4.46%

decline from 2020

In 2021, Lake Michigan College paid a median of $13.2M in salaries, which represents 32.2% of their overall expenditure ($41.1M) and a 4.46% decline from the previous year.

The median for similar Baccalaureate/Associates Colleges is 12.8M (34.8% of overall expenditures).

Instructional Salaries

$4.62M

Instructional Salaries

Number of Employees

In 2021, Lake Michigan College paid a total of $4.62M to 54 employees working as instructors, which represents 35% of all salaries paid.

This is compared to a median of $3.32M (26%) for similar Baccalaureate/Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

47 Employees

Management

Most Common Non-Instructional Employee

42 Employees

In 2021, the most common positions for instructional staff at Lake Michigan College were Instructor with 47 employees, Lecturer with 4 employees, and No academic rank with 3 employees.

In 2021, the most common positions for non-instructional staff at Lake Michigan College were Management with 42 employees, Office and Administrative Support with 39 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 13 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Instructor
Female Instructor
Female Lecturer

In 2021, the most common demographic for instructional staff at Lake Michigan College was Male Instructor with 25 employees, Female Instructor with 22 employees, and Female Lecturer with 3 employees.

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