by our College Data Analytics TeamThis overview lays out the cost of attending Lake Michigan College, including attendance costs, projected four- and two-year degree costs, average net price, debt outcomes, and how aid is distributed across income levels.
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Published attendance costs at Lake Michigan College works out to about $17,782.00 per academic year.
Cost is shown below as the full sticker price, the average net price after aid, and the low-income net price.
| Tuition and fees | $7,755.00 |
| + Room, board & other expenses | $10,027.00 |
| Total cost | $17,782.00 |
| That is 8% below the national average net price. |
| Total cost | $17,782.00 |
| − Grants and scholarships | −$9,237.00 |
| Net price | $8,545.00 |
| That is 56% below the national average net price. |
| Total cost | $17,782.00 |
| − Grants and scholarships | −$10,337.00 |
| Net price | $7,445.00 |
| That is 61% below the national average net price. | |
| Want the line-by-line detail? Dig into tuition and fees and living costs. |
The reported cost series has been increasing at a recent average of 4.0% per year, so the four-year total runs well above today’s cost. The detailed projections below compare a degree for a low-income aided student, an average-aid student, and a no-aid student. The repayment figures use a ten-year loan at 6.8%.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.0% | 4.0% | 4.0% |
| Freshman year | $7,741.00 | $8,884.00 | $18,488.00 |
| Senior year | $8,701.00 | $9,986.00 | $20,781.00 |
| Total 4-year net price | $32,858.00 | $37,712.00 | $78,479.00 |
| 10-year loan interest @ 6.8% | $12,518.00 | $14,367.00 | $29,898.00 |
| Total monthly payment | $378.00 | $434.00 | $903.00 |
| Total amount paid | $45,375.00 | $52,079.00 | $108,376.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.0% | 4.0% | 4.0% |
| Freshman year | $7,741.00 | $8,884.00 | $18,488.00 |
| Senior year | $8,048.00 | $9,237.00 | $19,223.00 |
| Total 2-year net price | $15,789.00 | $18,122.00 | $37,711.00 |
| 10-year loan interest @ 6.8% | $6,015.00 | $6,904.00 | $14,367.00 |
| Total monthly payment | $182.00 | $209.00 | $434.00 |
| Total amount paid | $21,804.00 | $25,026.00 | $52,078.00 |
For the complete net-price picture, see the net price section below.
The net price figure shows the cost after grants and scholarships are deducted. For most students, this is the more useful number than published tuition because it reflects the real out-of-pocket cost.
| Average net price (on-campus) | $6,680.00 |
| Average net price (off-campus) | $11,209.00 |
Net price varies sharply by family income, dropping as need-based aid grows. The breakdown below splits average net price across income brackets:
| Family income | Average net price |
|---|---|
| Under $30,000 | $8,727.00 |
| $30,000 to $48,000 | $10,755.00 |
| $48,001 to $75,000 | $13,554.00 |
| $75,001 to $110,000 | $14,960.00 |
| Over $110,000 | $16,137.00 |
Estimate your specific net price using the school’s Lake Michigan College Net Price Calculator, or reach out to the financial aid office.
Want to know how that aid is awarded? See the grants & scholarships detail.
Median graduate debt at Lake Michigan College stands at $5,104.00, categorized as a Very Low (<$10k) burden category.
Here’s how debt at graduation distributes across borrowers:
| Percentile | Debt at graduation |
|---|---|
| 10th | $2,000.00 |
| 25th | $3,500.00 |
| Median (50th) | $5,104.00 |
| 75th | $12,000.00 |
| 90th | $22,957.00 |
The distance from the 10th to the 90th percentile shows how widely debt outcomes vary.
Explore borrowing, repayment, and default in detail on the student loan debt page.
Debt outcomes vary substantially with family income. The figures below split graduating borrowers into three income brackets:
| Family income | Median debt at graduation |
|---|---|
| Low income | $5,250.00 |
| Middle income | $4,761.00 |
| High income | $4,500.00 |
Low-income graduates carry $750.00 more debt than high-income graduates.
First-generation college students often carry different debt loads than their continuing-generation peers.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $5,249.00 |
| Continuing-generation students | $4,500.00 |
First-generation graduates from Lake Michigan College carry $749.00 in extra median debt compared with continuing-generation peers.
The Pell Grant is the largest federal grant for undergraduates from low-income families. Comparing Pell recipients vs non-recipients shows how debt is distributed by need.
The median debt gap between Pell and non-Pell graduates of Lake Michigan College stands at $912.00. This school is flagged by the Department of Education for Pell-related debt inequity.
The federal default-rate tier for Lake Michigan College is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 26.6% |
To put the rates in context, Stafford loans at Lake Michigan College reach $55,112,138.00 spread across 5,529 loan recipients.
Veterans and active-duty servicemembers can tap dedicated federal aid programs including the GI Bill and Tuition Assistance from the Department of Defense.
| GI Bill recipients | 23 |
| Avg GI Bill amount | $1,516.00 |
Dig into veteran education benefits on the veteran aid breakdown.
Beyond the data above, it helps to ask a few questions when weighing Lake Michigan College, the questions below are worth your time:
Dig further into the cost picture with the related pages below:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.