Is Lake Michigan College worth it?
Benton Harbor, MI · public
Verdict
Typical students pay $6,680 a year after aid, graduate with $9,000 in federal debt, and earn $30,846 six years after enrolling — an estimated monthly loan payment of $96, with a debt break-even of about 2.9 years.
Net price / year
$6,680
Admission rate
0%
Graduation rate
—
Median debt
$9,000
Earnings (6 yr)
$30,846
Earnings (10 yr)
$34,466
Est. monthly loan payment
$96
Loan-to-income ratio
29%
Debt break-even
2.9 years
How Lake Michigan College compares
FAQ
How much does it cost to attend Lake Michigan College?
The federal average net price after grants and scholarships is $6,680 a year. That figure reflects what a typical student actually pays after grants and scholarships, not the sticker price.
How much debt do Lake Michigan College graduates typically carry?
Students who complete a program at Lake Michigan College leave with a median federal debt of $9,000, based on the U.S. Department of Education's College Scorecard.
What do Lake Michigan College graduates earn?
Six years after enrolling, former students report median earnings of $30,846, drawn from federal tax records aggregated by the College Scorecard.
What is the graduation rate at Lake Michigan College?
Graduation rate data is not currently published for this school.
Is Lake Michigan College worth the debt?
Based on median debt and 6-year earnings, it would take roughly 2.9 years of 10% income allocation to pay off the typical debt load — compare that against your own expected major and career path before deciding.
Source: U.S. Department of Education College Scorecard.