Lake Michigan College

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2017 Undergraduate Tuition

$3,060

5.15% growth from 2016

2017 Average Net Price

$7,720

After Financial Aid

2016 Student Loan

19.8%

Default Rate

2017 Enrolled Students

3,477

27.8% Full-Time

2017 Graduation Rate

14.2%

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 2017, 491 degrees were awarded across all undergraduate and graduate programs at Lake Michigan College. 65.2% of these degrees were awarded to women, and 34.8% awarded men. The majority of degree recipients were white (368 degrees), 6.34 times more than then the next closest race/ethnicity group, black or african american (58 degrees).

The median undergraduate tuition at Lake Michigan College is $3,060, which is $-9,830 less than the national average for Baccalaureate/Associates Colleges ($12,890).

Baccalaureate/Associates Colleges: Associates Dominant Baccalaureate/Associates Colleges

Costs

The median undergraduate tuition at Lake Michigan College is $3,060, which is $-9,830 less than the national average for Baccalaureate/Associates Colleges ($12,890).

After taking grants and loans into account, the average net price for students is $7,720.

In 2017, 41% of undergraduate students received federal grants, while 16% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$3,060

2017 Undergraduate Tuition

In 2017, the cost of tuition at Lake Michigan College was $3,060. The cost of tuition at Lake Michigan College is $-9,830 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($12,890).

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

Average Net Price

$7,720

2017 Value

4.57%

1 Year Growth

In 2017 Lake Michigan College had an average net price — the price paid after factoring in grants and loans — of $7,720. Between 2016 and 2017, the average net price of Lake Michigan College grew by 4.57%.

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

$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 2017. During the same period, the average yearly cost of books and supplies was $1,800. The cost of room and board did not change between 2016 and 2017. 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

41%

Of Undergraduates Receive Grants

16%

Of Undergraduates Receive Federal Loans

41% of undergraduate students at Lake Michigan College received grants or loans in 2017. This represents a decline of 2.38% with respect to 2016, when 42% 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.

19.8%

2016 Default Rate

111

Number of Defaults

In 2016 the default rate for borrower's at Lake Michigan College was 19.8%, which represents 111 out of the 561 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 3,477 students. The full-time enrollment at Lake Michigan College is 968 students and the part-time enrollment is 2,509. This means that 27.8% of students enrolled at Lake Michigan College are enrolled full-time.

The enrolled student population at Lake Michigan College, both undergraduate and graduate, is 64.9% White, 12.7% Black or African American, 9.49% Hispanic or Latino, 3.36% Two or More Races, 1.98% Asian, 0.431% American Indian or Alaska Native, and 0.0575% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Michigan College in full-time Undergraduate programs are majority White Female (38.1%), followed by White Male (24.8%) and Hispanic or Latino Female (8.47%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

27.8%

Full-Time Enrollment

The total enrollment at Lake Michigan College, both undergraduate and graduate, is 3,477 students. The full-time enrollment at Lake Michigan College is 968 and the part-time enrollment is 2,509. This means that 27.8% of students enrolled at Lake Michigan College are enrolled full-time compared with 45.4% 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 (64%), 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
2,258
Black or African American
443
Hispanic or Latino
330

The enrolled student population at Lake Michigan College is 64.9% White, 12.7% Black or African American, 9.49% Hispanic or Latino, 3.36% Two or More Races, 1.98% Asian, 0.431% American Indian or Alaska Native, and 0.0575% 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 46.1% White, 24.4% Hispanic or Latino, and 14% Black or African American.

Graduates

In 2017, 149 more women than men received degrees from Lake Michigan College. The majority of degree recipients at Lake Michigan College are white (368 degrees awarded). There were 6.34 times more white graduates than the next closest race/ethnicity group, black or african american (58 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 Precision Production (50 degrees awarded), Interdisciplinary Studies (40 degrees), and Liberal Arts & Humanities (143 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 (1,335,175 people), Elementary & middle school teachers (209,688 people), Physicians (205,114 people), Other managers (178,964 people), and Postsecondary teachers (159,564 people).

The most specialized majors at Lake Michigan College are Precision Production (50 degrees awarded), Interdisciplinary Studies (40 degrees), Liberal Arts & Humanities (143 degrees), Agriculture (9 degrees), and Health (135 degrees).

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, Public relations specialists, Dentists, Securities, commodities, & financial services sales agents, and Physicians

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 (1,573,456 people), Elementary & secondary schools (463,816 people), Colleges, universities & professional schools, including junior colleges (346,879 people), Offices of physicians (245,447 people), and Outpatient care centers (230,594 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 2017, the most common bachelors degree concentration at Lake Michigan College was Energy Management & Systems Technology with 2 degree-majorss 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

Degrees Awarded to Men

In 2017, 171 degrees were awarded to men at Lake Michigan College, which is 0.534 times less than the number of degrees awarded to females (320).

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

Most Common Male Majors

In 2017, 34 degrees were awarded to men at Lake Michigan College in General Studies, which is 0.557 times less than the 61 female recipients with that same degree.

Most Common Female Majors

In 2017, 61 degrees were awarded to women at Lake Michigan College in General Studies, which is 1.79 times more than the 34 male recipients with that same degree.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Male

Highest Graduation Rate (23.1%)

The student demographic with the highest graduation rate at Lake Michigan College is Male and Hispanic or Latino (23.1% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (68.1%).

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
368 degrees awarded
Black or African American
58 degrees awarded
Hispanic or Latino
27 degrees awarded

The most common race/ethnicity at Lake Michigan College is white (368 degrees awarded). There were 6.34 times more white recipients than the next closest race/ethnicity group, black or african american (58 degrees).

4.07% of degree recipients (20 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Female
237 degrees awarded
White Male
131 degrees awarded
Black or African American Female
41 degrees awarded

The most common race/ethnicity and gender grouping at Lake Michigan College is white female (237 degrees awarded). There were 1.81 times more white female recipients than the next closest race/ethnicity group, white male (131 degrees).

Operations

Lake Michigan College has an endowment valued at nearly $10.6M, as of the end of the 2017 fiscal year. The return on its endowment was of $798k (7.5%), compared to the 1.44% average return ($144k on $10M) across all Baccalaureate/Associates Colleges.

In 2017, Lake Michigan College had a total salary expenditure of $37.9M. Lake Michigan College employs 55 Instructors, 4 Lecturers, and 0 N/A. Most academics at Lake Michigan College are Male Instructors (29), Female Instructors(26), and Female Lecturers (3).

The most common positions for non-instructional staff at Lake Michigan College are: Management, with 40 employees, Office and Administrative Support, with 36 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 15 employees.

Finances

Endowment

$10.6M

2017 Endowment

22%

growth from 2016

Lake Michigan College has an endowment valued at about $10.6M, as of the end of the 2017 fiscal year. The endowment of Lake Michigan College grew 22% from the previous year. The value of their endowment was $628k 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

$1.73M - Federal
$600k - State
$0 - Local

As of 2017, Lake Michigan College received $1.73M in grants and contracts from the federal government, $600k from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$14.4M

2017 Salaries

1.48%

growth from 2016

In 2017, Lake Michigan College paid a median of $14.4M in salaries, which represents 37.9% of their overall expenditure ($37.9M) and a 1.48% growth from the previous year. This is compared to a 1.76% decline from 2015 and a 11.1% decline from 2014.

The median for similar Baccalaureate/Associates Colleges is 6.2M (33.2% of overall expenditures).

Instructional Salaries

$4.28M

Instructional Salaries

Number of Employees

In 2017, Lake Michigan College paid a total of $4.28M to 59 employees working as instructors, which represents 29.8% of all salaries paid.

This is compared to a median of $1.69M (27.2%) for similar Baccalaureate/Associates Colleges.

Faculty and Staff

Occupations by Share

Instructor

Most Common Instructor

55 Employees

Management

Most Common Non-Instructional Employee

40 Employees

In 2017, the most common positions for instructional staff at Lake Michigan College were Instructor with 55 employees; Lecturer with 4 employees; and Lecturer with 0 employees.

In 2017, the most common positions for non-instructional staff at Lake Michigan College were Management with 40 employees; Office and Administrative Support with 36 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 15 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male Instructor
Female Instructor
Female Lecturer

In 2017, the most common demographic for instructional staff at Lake Michigan College was Male Instructor with 29 employees, Female Instructor with 26 employees, and Female Lecturer with 3 employees.

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

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