Lake Forest College

In 2022, tuition for full-time students at Lake Forest College was $52,000 a year.

Tuition increased 3.79% in 2022–from $50,100 the prior year. On average, colleges raise tuition about 3% each year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is a lot less than the total tuition after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make theactual cost of attending college feel more doable until after graduation.

In-state vs. Out-of-state Tuition at Lake Forest College

Lake Forest College is a private, nonprofit institution, so it has the same tuition for students from Illinois as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for those who qualify as Illinois residents.

Choosing a college where you qualify for in-state status can cut the cost of college tuition. Don't forget to confirm your state's rules for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria as well, depending on the state you and your parents currently reside in.

Explore other Illinois colleges

Lake Forest College International Student Tuition

Tuition at Lake Forest College is the same for all students.

Students from outside of the U.S. are not eligible for federal financial aid, but may qualify for private or school-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at Lake Forest College:

•On-campus jobs •Lake Forest College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships.

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Lake Forest College Room, Board, Fees, and More

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Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Lake Forest College.

Room and Board Costs at Lake Forest College

Room and board at Lake Forest College is $11,898 a year. This number covers the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat in the school dining halls.

Meal-plan costs can depend on how many meals are included in the plan you choose.

How Much Do Books Cost at Lake Forest College?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Yearly Fees

The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

There may be additional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges have resources for students with demonstrated need to get help covering these costs.

Transportation costs

The total cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you own a car, or will you need to use public transportation? All of these factors can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are not allowed to park a car on campus.

The location of a college or university can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in an urban area is usually pricey, but there may be more trains, busses and affordable flights to actually get to school. The Lake Forest College campus is located in a suburban setting in Illinois, near Chicago.

Other Costs

When estimating your budget for college, be sure to take into account personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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The Full Cost of Attending Lake Forest College

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of the actual cost of attending Lake Forest College.

How Much Does Lake Forest College Cost?

What will the cost of attending Lake Forest College be? Here is a breakdown of tuition and expenses.

2022 Total Tuition and Expenses
Tuition	$52,000
Room and Board	$11,898
Other expenses	$1,800

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$67,740
Off-Campus	$55,842

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Financial Aid at Lake Forest College

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The majority of Lake Forest College undergrads use financial aid to help pay for school. In 2022, 1,378 of the 1,661 undergrads enrolled received financial aid. Lake Forest College meets 89% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $48,655 a year. Around 60% of Lake Forest College undergrads take out student loans to cover any remaining costs. Lake Forest College graduates who have student loans graduate with an average of $33,512 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$25,512
Private Loans	$47,802

Most Common Loans for Lake Forest College Students
Federal Loans	59%
Private loans	10.5%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Lake Forest College financial aid, keep reading, or visit their financial aid website.

Scholarships at Lake Forest College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2022, Lake Forest College awarded 1,378 need-based scholarships to students, giving away total of $59.3 million to help students with financial need cover the cost of school. An additional $8.02 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Lake Forest College

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Lake Forest College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Lake Forest College was $48,655 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lake Forest College seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$19,085
Off-Campus	$7,187

What will attending Lake Forest College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Lake Forest College's net cost calculator on their website.

Lake Forest College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Lake Forest College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does Lake Forest College Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

Check the financial aid website for more information on payment plans and tuition waivers.

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Learn More About Lake Forest College

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