Lake Land College

Mattoon, IL

Public midsize campus Rural: Fringe 2,448 undergrads

Affordability & debt

Average net price
$2,254per year, after aid
Undergraduates with a federal loan
5%
Undergraduates receiving a Pell grant
26%need-based, not repaid
Typical debt at graduation
$6,188federal loans, students who finished
Reducing their balance within 3 years
47%of borrowers who entered repayment

What that debt costs to repay. Typical debt here is about $6,188. At 7% over 10 years — the standard federal plan — that is roughly $72 a month, about $8,622 repaid in total, of which $2,434 is interest.

Stretch the same balance over 25 years and the payment drops to $44 a month — but the total climbs to $13,121, roughly $4,499 more in interest. A smaller payment is not a smaller loan.

An estimate, not financial advice: straight amortization at a fixed rate, ignoring fees, interest accrued while enrolled, and any forgiveness or income-driven plan. Figures on this page are averages and medians — what any one family borrows and pays varies widely. Try your own numbers.

Lake Land College’s net price calculator — every college is required to publish one. It is the only way to get a cost estimate based on your family’s own finances rather than an average.

Published tuition

In-state tuition
$4,415published rate
Out-of-state tuition
$14,301published rate

The sticker price before any aid. Most students pay less than this — the net price above is what aided students actually paid on average.

Outcomes

Median earnings
$38,87710 years after entry

Median earnings of former students who received federal aid, measured 10 years after they started.

Campus life

Campus setting
Rural: Fringe

Most common fields of study

  • Construction trades21%
  • Liberal arts & humanities18%
  • Agriculture18%
  • Health professions15%
  • Culinary & personal services9%
  • Business & marketing5%

Share of degrees awarded, by broad field.

Athletics

NJCAA Division I

  • Baseball
  • Basketball
  • Softball
  • Volleyball

What borrowing would really cost

Starting from the typical debt at Lake Land College. Change any figure to see your own.

Federal undergraduate loans have recently been near 7%. Private loans are often higher.

Standard plan — 10 years

$72per month

Total repaid
$8,622
Interest paid
$2,434

Longer term — 25 years

$44per month

Total repaid
$13,121
Interest paid
$6,933

Borrow $6,188 and repay it over 25 years instead of 10, and you pay $4,499 more — $13,121 in all, about 2.1× what you borrowed. The monthly payment is smaller; the loan is not.

An estimate, not financial advice. Straight amortization at a fixed rate: it assumes every payment is made on time and the rate never changes, and it leaves out fees, interest that accrues while you’re still enrolled, and any forgiveness or income-driven plan. Planning4College is not a financial advisor and sells no loans. Check real terms with your school’s financial aid office and studentaid.gov.

See if Lake Land College fits you

Answer a few questions and we’ll show you where it lands — reach, match, or safety — alongside schools like it.

Get your free match

Similar colleges in Illinois

Data from the U.S. Department of Education’s College Scorecard and the Equity in Athletics survey. Figures reflect the most recent reporting year available and may be out of date or incomplete — confirm anything decision-critical with the college directly. Official site: Lake Land College.