College Factual  by our College Data Analytics Team
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Can You Afford Lake Michigan College?

Concerned about paying for college? Take a look at Lake Michigan College’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $12,893 and $20,123

Feeling a little stressed about paying $20,123 to attend Lake Michigan College each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Michigan students, 77.2% of freshmen receive some form of financial aid, with the average amount totaling $4,644. Students from low-income families receive an average of $7,230 in aid during their first year.

Cost (no aid)

Tuition and fees$6,743
+ Room and board$9,980
+ Other expenses$3,400
Total cost$20,123
Affordability Score (85 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$20,123
- Grants and scholarships$4,644
Net price$15,479
Affordability Score (80 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$20,123
- Grants and scholarships$7,230
Net price$12,893
Affordability Score (83 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Lake Michigan College.

Projected Costs Between $53,292 and $113,947 For a Four Year Degree. Between $26,397 and $56,570 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Lake Michigan College in 2020 - 2021 was $20,123. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 0.7% each year. If this trend continues, we expect the full cost for incoming freshmen to be $20,410 during their first year. By their senior year, that cost will be approximately $20,848 for a bachelor degree candidate ($20,555 for an associate degree candidate) for a total of $82,513 over the course of four years ($40,964 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Lake Michigan College

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*0.7%0.7%
Freshman year$13,137$15,700$20,410
Senior year$13,260$15,811$20,555
Total 2-year net price$26,397$31,511$40,964
10-year loan interest @ 6.8%$10,056$12,004$15,606
Total monthly payment$304$363$471
Total amount paid$36,453$43,515$56,570
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*0.7%0.7%
Freshman year$13,137$15,700$20,410
Senior year$13,510$16,036$20,848
Total 4-year net price$53,292$63,470$82,513
10-year loan interest @ 6.8%$20,302$24,180$31,434
Total monthly payment$613$730$950
Total amount paid$73,594$87,650$113,947

Visit net price and financial aid to learn more about the total cost of attending Lake Michigan College.

Further Questions to Consider

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