$4,965

Tuition

$19,725

Cost of Attendance

$7,438

Net Price

Lake Michigan College (LMC) Tuition and Fees

Lake Michigan College offers undergraduate programs across different fields, providing quality education to students. The expense of education here is very low, compared to the tuition fees charged by different colleges. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Lake Michigan College comes to around $6,653, which includes tuition and other expenses as well. The housing facilities, books and supplies, and other expenses cost $9,980, $1,800, and $2,513, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$6,345$6,345
Book & Supplies$1,800$1,800
Room & Board cost$9,980$9,980
Other Expenses$1,600$1,600
Total Cost of Attendance$19,725$19,725

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. For students attending the university, the total tuition and fees for one year add up to about $6,653. Apart from that, they should also pay an average amount of $1,800 toward books and supplies, $8,390 for room and boarding charges, and $2,513 toward other expenses in a year. Hence, based on this information, the overall cost of attending the college adds up to around $19,356 per year. Moreover, the tuition and fees that the students have to pay stand at $6,653. These charges are the same for both in-state and out-state students.

Average Net Price by Family Income

Net Price

$7,438

Family Income

Avg. Net Price

$0 to $30,000

$6,009

$30,001 to $48,000

$6,108

$48,001 to $75,000

$10,251

$75,001 to $110,000

$11,151

$110,000+

$11,239

The net cost of attending Lake Michigan College – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. So, it all essentially depends on the family income bracket of the student. At LMC, the average net price is estimated to be around $8,918. For students with a family income below $30,000, the estimated net price is $7,182, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $7,885. The amount stands at $10,235 for an annual income between $48,001 and $75,000, $13,558 for the $75,001-$110,000 income bracket, and $13,675 for a family income above $110,000.

Student Loans

Example Loans

$15,252

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$158

Total interest paid

$3,742

Sum of Loan Payments

$18,994

To have a realistic understanding of how much it will cost to study at Lake Michigan College (LMC) here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $15,252 for example. This will result in a $1,899 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $18,994 which is $3,742 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$6,345$6,345
Room & Board Cost$9,980$9,980
Total Tuition & Fees$16,325$16,325

At Lake Michigan College, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $6,653 in a year. Alongside that, they will likewise need to shell out around $8,390 toward their room and boarding charges. Accordingly, the overall cost for undergraduate students at the college totals about $19,356 per year, based on the available data.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019N/A
Undergraduate2018 - 2019$166

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend LMC. At LMC, the cost per credit hour for graduate courses is $51. At present, Lake Michigan College also offers various online programs to students across as many as 49 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$9,980$6,800
Other Expense$1,600$3,316
Book & Supplies$1,800$1,800

Moving on to the housing and related expenses at Lake Michigan College, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $11,580 per year, whereas, the cost for off-campus lodging is $10,227 a year. The room and boarding charges for on-campus students come to around $9,980, while the off-campus candidates would need to pay $6,800. Coming to the books and supplies charges, the students will be required to pay an amount of $1,800. The other expenses that students should plan for come to around $1,600 for on-campus candidates and $3,427 for the candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$9,980

Off Campus

$6,800

Housing & Other Expenses

Other Expenses

On Campus

$1,600

Off Campus

$3,316

Housing & Other Expenses

Book & Supplies

On Campus

$1,800

Off Campus

$1,800

Moving on to the housing and related expenses at Lake Michigan College, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $11,580 per year, whereas, the cost for off-campus lodging is $10,227 a year. The room and boarding charges for on-campus students come to around $9,980, while the off-campus candidates would need to pay $6,800. Coming to the books and supplies charges, the students will be required to pay an amount of $1,800. The other expenses that students should plan for come to around $1,600 for on-campus candidates and $3,427 for the candidates who live off-campus.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Associate NA NA
Certificate NA NA
Certificate NA NA

Lake Michigan College (LMC) offers 10 online programs across 4 Majors.

Projected Price for a 4 year degree

As per official data, the current projected cost for a four-year bachelor's degree, along with the living expenses, at the college is estimated to be around $97,707. For undergraduate students, the total expenses added up to $8,918 in 2018-2019, $7,438 in 2017-2018, and $7,720 in 2016-2017.

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