Is Lake Superior College worth it?

Duluth, MN · public

Verdict

Typical students pay $15,492 a year after aid, graduate with $12,775 in federal debt, and earn $40,681 six years after enrolling — an estimated monthly loan payment of $137, with a debt break-even of about 3.1 years.

Net price / year

$15,492

Admission rate

0%

Graduation rate

—

Median debt

$12,775

Earnings (6 yr)

$40,681

Earnings (10 yr)

$46,449

Est. monthly loan payment

$137

Loan-to-income ratio

31%

Debt break-even

3.1 years

How Lake Superior College compares

MetricLake Superior CollegeMinnesotaNational
Net price$15,492$17,329$16,642
Median debt$12,775$15,163$12,377
Earnings (6 yr)$40,681$40,295$33,037
Graduation rate———

FAQ

How much does it cost to attend Lake Superior College?

The federal average net price after grants and scholarships is $15,492 a year. That figure reflects what a typical student actually pays after grants and scholarships, not the sticker price.

How much debt do Lake Superior College graduates typically carry?

Students who complete a program at Lake Superior College leave with a median federal debt of $12,775, based on the U.S. Department of Education's College Scorecard.

What do Lake Superior College graduates earn?

Six years after enrolling, former students report median earnings of $40,681, drawn from federal tax records aggregated by the College Scorecard.

What is the graduation rate at Lake Superior College?

Graduation rate data is not currently published for this school.

Is Lake Superior College worth the debt?

Based on median debt and 6-year earnings, it would take roughly 3.1 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.