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Lake Forest College

#375 in US ranking Lake Forest, IL
Type:
Private not-for-profit
Programs:
4 years or more

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Lake Forest College award
Lake Forest College award

Cost

Cost / year
$70,968
Tuition & fees
$58,902
Avg. aid
$49,998
Receiving aid
100%

Admissions

Acceptance rate
57%
SAT range
1190–1393
ACT range
28–32

Outcomes

Graduation rate
78%
Median salary
$45,369
1 yr after graduation

What is the cost of studying for a year at Lake Forest College?

Lake Forest College's published price is high, but the amount an individual student pays can be substantially lower after grants and scholarships. For 2024-25, reported full-time undergraduate tuition was $55,500, with $902 in required fees. The same reporting set lists $13,050 for room and board and $1,290 for books and supplies. Together, those listed items total $70,742; that is not a complete cost-of-attendance budget because transportation and personal expenses are not included.

Lake Forest is a private college, so the reported undergraduate tuition is the same for in-state and out-of-state students. Published prices from another academic year should not be substituted into the 2024-25 estimate. The college's current cost-of-attendance budget is the appropriate place to check updated charges and allowances, particularly for commuters, part-time students, and students with different housing arrangements.

Financial aid changes the comparison. Reported average net prices - which reflect costs after grant or scholarship aid - were $20,210 for students from families earning up to $48,000 and $35,341 for those from families earning above $110,000. Those are averages within income groups, not offers. Eligible students may receive institutional merit or need-based assistance, federal grants, Illinois state aid, and federal loans; eligibility and application requirements differ. Although all students in the reported aid measure received some form of financial aid, 67% received student loans. Applicants should compare their own aid offers by separating grants from loans and accounting for costs not billed directly by the college.

What are the work-study opportunities at Lake Forest College?

Lake Forest students can pursue campus employment and career-development support, but a student job, Federal Work-Study award, and internship are not interchangeable. Federal Work-Study is need-based financial aid that permits eligible students to earn wages through qualifying work; an award is not cash paid upfront or a guarantee of a particular position. Other campus jobs may have different eligibility and funding rules.

The college's career services include individual and group counseling, résumé assistance, interview preparation, job-search resources, employer events, and alumni networking. Those services can help students explore majors and seek internships or employment, but an internship is not required of every student. Students planning to work should check both the financial aid terms governing a Work-Study award and the process for applying to specific jobs; they should also consider how paid hours will fit their courses.

Lake Forest College Tuition and Fees

In-state tuition & fees
$58,902
Out-of-state tuition & fees
$58,902
Tuition
$58,000
Fees
$902
Room and board
$13,050
Books and supplies
$1,290

Total Cost

Cost of attendance per year
$70,968
Tuition & fees
$58,902
Housing, food, books & other
$12,066

100% of undergraduates receive aid, $49,998 on average

Lake Forest College Cost of Living

Yearly living expenses by where students live

On campus
$15,748
Off campus, not with family
$15,748
Off campus, with family
$10,748

Lake Forest College Net Price by Family Income

Average yearly cost after grants, students awarded federal aid

$0–30,000
$19,605
$30,001–48,000
$20,210
$48,001–75,000
$21,481
$75,001–110,000
$26,055
Over $110,000
$35,341

Lake Forest College Room and Board Cost

Typical room charge for academic year

$6,325

Typical board charge for academic year

$6,725

Institution provide on-campus housing

Yes

Lake Forest College Financial Aid

Undergraduate average amount

$49,998

All

$39,630

Students Receiving Financial Aid

Share of undergraduate students
100%

Lake Forest College Grants, Loans and Debt

Students receiving Pell Grants
32%
Students with federal loans
67%
Median debt at completion
$26,250

Lake Forest College Military and Veterans Benefits

Undergraduate average amount

$26,083

Data last updated on November 5, 2026

Data sources: IPEDS 2024-25, Peterson 2026, College Scorecard 10/2026, Clery 2024 (2023-24), OpenAlex 2026

Figures on this profile come from federal and third-party datasets in the editions listed above and are refreshed periodically, so they may differ from what the institution currently reports. Confirm costs, deadlines and requirements with the school before making decisions.

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