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Public 2 Year

Lake Land College Tuition & Cost

Mattoon, Illinois

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How much does it cost to attend?

In District Illinois Resident Sticker Price
$12,260
In District Costs for Lake Land College
Fee Cost
Tuition$3,315
Books and Supplies$360
Other Fees$965
Estimated Off Campus Cost of Living $4,000
Other Expenses Budget$3,620
In State Illinois Resident Sticker Price
$16,084
In State Costs for Lake Land College
Fee Cost
Tuition$7,139
Books and Supplies$360
Other Fees$965
Estimated Off Campus Cost of Living $4,000
Other Expenses Budget$3,620

In district Illinois residents should budget an annual total cost of $12,260 to attend Lake Land College on a full time basis. This fee is comprised of $3,315 for tuition, $4,000 off-campus housing, $360 for books and supplies and $965 for other fees.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Lake Land College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$4,720
Net Price by Income Lake Land College
Family Income Net Price Paid
$0 to $30,000$3,136
$30,001 to $48,000$4,287
$48,001 to $75,000$6,266
$75,001 to $110,000$7,898
$110,000+$9,041

The average reported annual net price for Lake Land College for students receiving grants or scholarship aid was $4,720 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

73% of full-time undergrad Lake Land College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $4,901 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 10% of students received Federal Student Loans averaging $3,284 and 1% of undergrads took out private student loans averaging $5,417.

Finanical Aid Lake Land College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $4,901 73%
Institutional Grants and Scholarships $3,087 34%
Pell Grants $4,731 44%
Other Federal Grants $262 3%
State and Local Grants $1,358 30%
Federal Student Loans $3,284 10%
Other Student Loans $5,417 1%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Lake Land College, we've modeled a ten year student loan with an original principal value of $8,782. The loan balance of $8,782 is a two year multiple of the $4,391 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $84 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $8,782
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $83.79
Total Interest Paid $1,272.80
Sum of All Loan Payments $10,054.80

Projected 2 Year Degree Price

2 Year Sticker Price
$32,168
Year Illinois Residents Non Residents
1 $16,084 $22,851
2 $16,348 $23,226

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Lake Land College to be $32,168 - assuming graduation in normal time. The estimation assumes a 1.6% annual increase over the next 2 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Lake Land College
Price Per Credit 3 Credit Class 4 Credit Class
In District Residents $111 $333 $444
Illinois Residents $238 $714 $952
Out of State Residents $431 $1,293 $1,724

Estimated cost for a class at Lake Land College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Lake Land College versus other colleges.

Tuition Payment Plans Available

Lake Land College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=146506 IPEDS survey data for Lake Land College.