by our College Data Analytics TeamThe main focus area for this major is Econometrics & Quantitative Economics. For more details on this concentration, visit its profile page.
Economics is a major offered under the social sciences program of study at Lake Forest College. Here, you’ll find out more about the major bachelor’s degree program in economics, including such details as the number of graduates, ethnicity of students, related majors and concentrations, and more.
If there’s something special you’re looking for, you can use one of the links below to find it:
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
If you're the kind of person who enjoys working with numbers and solving tough problems, a graduate degree in economics may be for you.
Each year, we produce a number of different types of college rankings to help students decide which school is the best fit for them. The bachelor's program at Lake Forest was ranked #187 on College Factual's Best Schools for economics list. It is also ranked #6 in Illinois.
Here are some of the other rankings for Lake Forest.
Part-time undergraduates at Lake Forest paid an average of $1,529 per credit hour in 2019-2020. This tuition was the same for both in-state and out-of-state students. The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $48,920 | $48,920 |
| Fees | $902 | $902 |
| Books and Supplies | $1,000 | $1,000 |
| On Campus Room and Board | $10,954 | $10,954 |
| On Campus Other Expenses | $2,784 | $2,784 |
Learn more about Lake Forest tuition and fees.
One factor in determining the overall cost in a degree is to consider how much in student loans you’ll have to take out. Economics students who received their bachelor’s degree at Lake Forest took out an average of $27,000 in student loans. That is 27% higher than the national average of $21,243.
economics who receive their bachelor’s degree from Lake Forest make an average of $56,415 a year during the early days of their career. That is 21% higher than the national average of $46,790.
Online degrees for the Lake Forest economics bachelor’s degree program are not available at this time. To see if the school offers distance learning options in other areas, visit the Lake Forest Online Learning page.
Of the students who received their bachelor’s degree in economics in 2019-2020, 57.1% of them were women. This is higher than the nationwide number of 33.7%.
Racial-ethnic minority graduates* made up 19.0% of the economics bachelor’s degrees at Lake Forest in 2019-2020. This is lower than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 0 |
| Black or African American | 1 |
| Hispanic or Latino | 2 |
| Native American or Alaska Native | 0 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 10 |
| International Students | 6 |
| Other Races/Ethnicities | 2 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| Econometrics & Quantitative Economics | 21 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| International Relations & National Security | 11 |
| Political Science & Government | 17 |
| Sociology & Anthropology | 22 |
*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.
More about our data sources and methodologies.
