At $3,271/yr net price, Lake Land College graduates earn $38,877/yr within 10 years of enrollment, which is $4,877/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $3,271 |
| Estimated 4-Year Cost | $13,084 |
| Median Earnings (10yr post-entry) | $38,877/yr |
| Earnings Premium vs. HS Diploma | +$4,877/yr |
| Estimated Break-Even | 2.7 years |
| Graduation Rate (6-year) | 53.5% |
| Median Debt at Graduation | $6,188 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $1,259/yr |
| $30,001 - $48,000 | $2,825/yr |
| $48,001 - $75,000 | $5,089/yr |
| $75,001 - $110,000 | $9,329/yr |
| $110,001+ | $9,542/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Associate | $56,748 | $6,816 |
| Agricultural Mechanization. | Associate | $44,384 | |
| Dental Support Services and Allied Professions. | Associate | $42,682 | $8,000 |
| Electromechanical Instrumentation and Maintenance Technologies/Technicians. | Associate | $41,937 | |
| Allied Health and Medical Assisting Services. | Associate | $41,087 | |
| Information Science/Studies. | Associate | $32,711 | |
| Social Work. | Associate | $25,194 | |
| Health and Medical Administrative Services. | Associate | $22,989 | |
| Practical Nursing, Vocational Nursing and Nursing Assistants. | Certificate | $20,824 | $6,118 |
| Biological and Physical Sciences. | Associate | $18,967 |
The Risk Factor
53.5% of students at Lake Land College graduate within 6 years. More than half of students finish, but the dropout rate is a real factor in whether this investment pays off.
Analysis
Lake Land College gives you a low-cost path to a middling paycheck, and whether that math works depends entirely on what you study. You leave with about $6,188 in debt against median earnings near $38,877 a decade out. The debt is small enough that even a modest salary clears it, so the financial risk here is low on the borrowing side.
The earnings spread across programs is what matters. Registered Nursing pays roughly $56,748, the clear winner, and the debt tied to it stays manageable at $6,816. Agricultural Mechanization and the electromechanical maintenance track both land in the low-to-mid $40,000s, which fits the farm-belt and industrial economy around Mattoon. Dental support and allied health/medical assisting sit in the low $40,000s too, though dental support carries slightly higher debt at $8,000 for a similar payoff. If you enroll without landing in nursing, ag, the skilled trades, or an allied-health field, the school's overall median suggests your return drops fast.
The net price tiers reward lower-income families the most. If your family earns under $30,000, you pay about $1,259 a year. that is close to free, and against a nursing salary the return is strong. The jump happens above $75,000, where the yearly price more than doubles to over $9,300. At that point you are paying near full sticker for an associate degree, so the payoff hinges on picking one of the high-earning programs.
This school fits you if you want a career-tied associate degree in health care, agriculture, or industrial maintenance and you want to graduate with little debt. The 53.5% graduation rate means roughly half of students do not finish, so the real risk is spending time and money without a credential. Look elsewhere if you want a program outside the school's technical and health strengths.
Frequently Asked Questions
Is Lake Land College worth the money?
Lake Land College offers strong value with a low net price of $3,271 per year and graduates earning $38,877 annually after 10 years. The low debt load of $6,188 makes it financially accessible, though the 53% graduation rate means about half of students don't complete their programs.
What are the highest paying programs at Lake Land College?
Nursing programs lead Lake Land College earnings with graduates making $56,748 annually, followed by Agricultural Mechanization at $44,384. Dental support services and electromechanical technology programs also pay well at around $42,000 annually.
How much debt do Lake Land College graduates have?
Lake Land College graduates have a median debt of just $6,188, which is very low compared to most colleges. This manageable debt load makes the school financially accessible for most students.
What is the job market like for Lake Land College graduates?
Lake Land College graduates earn $38,877 per year on average, which is reasonable for a community college focused on technical and healthcare programs. The strongest job prospects are in nursing and skilled trades where demand remains high in the region.