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Lake Forest College

Lake Forest, IL·Private nonprofit·1,782 students
Last updated: March 21, 2026

A good fit for students who want small classes and close faculty access. no major red flags in the data. solid earnings of $55,600 within 10 years; financial aid brings net price below sticker.

59%
Accept
1,782
Students
$27,499
Net Price
70%
Grad Rate
$55,600
Earnings
10 yr
$21,500
Debt

About This School

Lake Forest College is a private nonprofit institution located in Lake Forest, Illinois with approximately 1,782 undergraduate students enrolled. Lake Forest College has an open or accessible admissions process, with an acceptance rate of 59%. The average net price after financial aid is $27,499 per year. The graduation rate is 70%, and the typical graduate earns $55,600 within 10 years of enrollment.

Lake Forest College is a private liberal arts college in Lake Forest, Illinois, United States. Founded in 1857 as Lind University by a group of Presbyterian ministers, the college has been coeducational since 1876 and an undergraduate-focused liberal arts institution since 1903. Lake Forest enrolls approximately 1,800 students representing 43 states and 114 countries. Lake Forest offers 34 undergraduate majors and 49 minor programs in the humanities, social sciences, and natural sciences, and features programs of study in pre-law, pre-medicine, communication, business, finance, and computer science. Most students live on the college's wooded 107-acre (43 ha) campus located 0.5 miles (0.80 km) from the Lake Michigan shore; however, the population of commuting students has increased in the past few years.

This small liberal arts college north of Chicago is worth considering if you want a tight-knit campus experience with genuine international diversity — over 100 countries represented among roughly 1,800 students. The financial picture is reasonable, with median debt at graduation around $21,500 and a net price of $27,499/year, but the 70% graduation rate is a real flag worth asking admissions about directly. Graduates earn a median of $55,600 a decade out, which is solid but not exceptional, so this school makes the most sense for students drawn to specific liberal arts strengths rather than chasing a salary-focused major.

Founded
1857
Setting
Large suburb

Popular Programs

Business & Marketing20%
Biological Sciences16%
Social Sciences15%
Psychology12%
English5%
Communications4%
Computer Science4%
Visual & Performing Arts3%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Richard WidmarkDiana NyadKarl Patterson SchmidtJacqueline CareySteve GoodmanHerblockAllan Carr

Source: Wikidata. Used for context only.

Admissions

SAT Scores

Average Composite1309
Reading 75th %ile685
Math 75th %ile680

ACT Scores

Midpoint Composite29

Cost & Financial Aid

In-State Tuition
$54,202
Out-of-State Tuition
$54,202
Avg Net Price
$27,499
after aid

Financial Aid

Students receiving Pell Grants35%
Median debt at graduation$21,500

Full Cost

After Graduation

Graduation Rate
70%
within 6 years
Retention Rate
86%
freshmen returning
Earnings (10 yr)
$55,600
after enrollment
Median Debt
$21,500
at graduation

Will This School Pay Off?

Median Debt
$21,500
at graduation
Earnings (6 yr)
$41,100
after enrollment
Earnings (10 yr)
$55,600
after enrollment
Earnings-to-Debt Ratio: 2.6x

Solid return. Earnings outpace debt, though major choice matters.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White47%
Black3%
Hispanic/Latino19%
Asian6%

Source: U.S. Department of Education College Scorecard (1,782 undergraduates).

Contact & Location

Address

Lake Forest College

555 N Sheridan Road

Lake Forest, IL 60045-2338

View on Google Maps →

Other Schools in Illinois

Browse all Illinois schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
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