Lake Superior College

www.lsc.edu

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2022 Undergraduate Tuition

$5,615

16.3% growth from 2021

2022 Average Net Price

$14,978

After Financial Aid

2020 Default Rate

on Student Loans

2022 Enrolled Students

3,849

36.4% Full-Time

2022 Graduation Rate

34.1%

155 Graduates

About

Lake Superior College is a higher education institution located in St. Louis County, MN. In 2022, the most popular Associates Degree concentrations at Lake Superior College were Liberal Arts & Sciences (305 degrees awarded), Registered Nursing (101 degrees), and Radiographer (39 degrees).

In 2022, 999 degrees were awarded across all undergraduate and graduate programs at Lake Superior College. 59% of these degrees were awarded to women, and 41% awarded men. The most common race/ethnicity group of degree recipients was white (840 degrees), 15 times more than then the next closest race/ethnicity group, hispanic or latino (56 degrees).

The median undergraduate tuition at Lake Superior College is $5,615, which is $−2,497 less than the national average for Associates Colleges ($8,112).

In 2020 the default rate for borrower's at Lake Superior College was 0%, corresponding to 0 out of the 991 total borrowers.

Associates Colleges: Mixed Transfer/Career & Technical-High Nontraditional Associates Colleges

Costs

In 2022, the median undergraduate tuition at Lake Superior College is $5,615, which is $2,497 less than the national average for Associates Colleges ($8,112).

After taking grants and loans into account, the average net price for students is $14,978.

In 2022, 73% of undergraduate students attending Lake Superior College received financial aid through grants. Comparatively, 22% of undergraduate students received financial aid through loans.

Tuition Costs

$5,615

2022 Undergraduate Tuition

In 2022, the cost of tuition at Lake Superior College was $5,615. The cost of tuition at Lake Superior College is $−2,497 less than than the overall (public and private) national average for Associates Colleges ($8,112).

This chart compares the tuition costs of Lake Superior College (in red) with those of other similar universities.

Average Net Price

$14,978

2022 Value

9.47%

1 Year Growth

In 2022 Lake Superior College had an average net price — the price paid after factoring in grants and loans — of $14,978. Between 2021 and 2022, the average net price of Lake Superior College grew by 9.47%.

This chart compares the average net price of Lake Superior College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$8,260

Room and Board

$1,500

Books and Supplies

The average yearly cost of room and board at Lake Superior College was of $8,260 in 2022. The cost of room and board increased by 12% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,500. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Lake Superior College (in red) with that of similar universities.

Financial Aid by Income Level

73%

Undergraduates Receiving Financial Aid through Grants

22%

Undergraduates Receiving Financial Aid through Loans

73% of undergraduate students at Lake Superior College received financial aid through grants or loans in 2022. This represents a growth of 21.7% with respect to 2021, when 60% of undergraduate students received financial aid.

This chart compares the average award discount at Lake Superior College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Lake Superior College was 0%, which represents 0 out of the 991 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Lake Superior College had a total enrollment of 3,849 students in 2022. The full-time enrollment at Lake Superior College is 1,402 students and the part-time enrollment is 2,447. This means that 36.4% of students enrolled at Lake Superior College are enrolled full-time.

The enrolled student population at Lake Superior College, both undergraduate and graduate, is 83.8% White, 3.92% Two or More Races, 3.69% Hispanic or Latino, 2.23% Black or African American, 1.58% Asian, 1.3% American Indian or Alaska Native, and 0.026% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake Superior College in full-time Undergraduate programs are most commonly White Male (44.6%), followed by White Female (41.3%) and Two or More Races Female (2.35%).

Full-Time vs Part-Time Enrollment

36.4%

Full-Time Enrollment

The total enrollment at Lake Superior College in 2022, both undergraduate and graduate, is 3,849 students. The full-time enrollment at Lake Superior College is 1,402 and the part-time enrollment is 2,447. This means that 36.4% of students enrolled at Lake Superior College are enrolled full-time compared with 32.2% at similar Associates Colleges.

This chart shows the full-time vs part-time enrollment status at Lake Superior College (in red) compares to similar universities.

Retention Rate over Time

60%

2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Lake Superior College was 60%. Compared with the full-time retention rate at similar Associates Colleges (62%), Lake Superior College had a retention rate lower than its peers.

This chart shows the retention rate over time at Lake Superior College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
3,224 enrolled students
Two or More Races
151 enrolled students
Hispanic or Latino
142 enrolled students

The enrolled student population at Lake Superior College is 83.8% White, 3.92% Two or More Races, 3.69% Hispanic or Latino, 2.23% Black or African American, 1.58% Asian, 1.3% American Indian or Alaska Native, and 0.026% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 42.9% White, 27.9% Hispanic or Latino, and 12.5% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 105 students (2.73%) did not report their race.

Graduates

In 2022, 179 more women than men received degrees from Lake Superior College. The most common race/ethnicity group of degree recipients at Lake Superior College is white (840 degrees awarded). There were 15 times more white recipients than the next closest race/ethnicity group, hispanic or latino (56 degrees).

The most common Associates Degree concentration at Lake Superior College is Liberal Arts & Sciences (305 degrees awarded), followed by Registered Nursing (101 degrees) and Radiographer (39 degrees).

In 2022, the most specialized majors across all degree types at Lake Superior College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Construction (61 degrees awarded), Liberal Arts & Humanities (305 degrees), and Mechanical Technologies (50 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lake Superior College are Registered nurses (1,403,649 people), Medical & health services managers (156,157 people), Nurse practitioners & nurse midwives (141,529 people), Pharmacists (135,090 people), and Other managers (124,644 people).

The most specialized majors at Lake Superior College in 2022 are Construction (61 degrees awarded), Liberal Arts & Humanities (305 degrees), Mechanical Technologies (50 degrees), Engineering Technologies (34 degrees), and Health (395 degrees) (as of 2022).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake Superior College are Surgeons, Cardiovascular technologists and technicians, Skincare specialists, Broadcast announcers and radio disc jockeys, and Physicians

The most specialized majors at Lake Superior College are Construction (61 degrees awarded), Liberal Arts & Humanities (305 degrees), Mechanical Technologies (50 degrees), Engineering Technologies (34 degrees), and Health (395 degrees) (as of 2022).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake Superior College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,512,895 people), Elementary & secondary schools (331,839 people), Outpatient care centers (247,896 people), Offices of physicians (209,154 people), and Colleges, universities & professional schools, including junior colleges (171,496 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lake Superior College.

Most Common (2022)

Liberal Arts & Sciences
305 degrees awarded
Registered Nursing
101 degrees awarded
Radiographer
39 degrees awarded

In 2022, the most common associates degree concentration at Lake Superior College was Liberal Arts & Sciences with 305 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Lake Superior College according to their major.

Sex Breakdown for Common Majors

410

Degrees Awarded to Men

in 2022

589

Degrees Awarded to Women

in 2022

In 2022, 410 degrees were awarded to men at Lake Superior College, which is 0.696 times less than the number of degrees awarded to females (589).

This chart displays the sex disparity between the top 5 majors at Lake Superior College by degrees awarded.

Most Common Male Majors

In 2022, 100 degrees were awarded to men at Lake Superior College in Liberal Arts & Sciences, which is 0.488 times less than the 205 female recipients with that same degree.

Most Common Female Majors

In 2022, 205 degrees were awarded to men at Lake Superior College in Liberal Arts & Sciences, which is 2.05 times more than the 100 male recipients with that same degree.

Time to Complete

22%

100% Completion Time

32%

150% Completion Time

In 2022, 22% of students graduating from Lake Superior College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 32% completed their degrees within 150% of the normal time, and 34% within 200%.

The following chart shows these completion rates over time compared to the average for the Associates Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Male

Highest Graduation Rate (39.7%)

The student demographic with the highest graduation rate in 2022 at Lake Superior College is Male and White (39.7% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.94% of graduates (3 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
840 degrees awarded
Hispanic or Latino
56 degrees awarded
Two or More Races
36 degrees awarded

The most common race/ethnicity at Lake Superior College is white (840 degrees awarded). There were 15 times more white recipients than the next closest race/ethnicity group, hispanic or latino (56 degrees).

1.6% of degree recipients (16 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
510 degrees awarded
White Male
330 degrees awarded
Hispanic or Latino Male
32 degrees awarded

The most common race/ethnicity and sex grouping at Lake Superior College is white female (510 degrees awarded). There were 1.55 times more white female recipients than the next closest race/ethnicity group, white male (330 degrees).

Operations

Lake Superior College has an endowment valued at nearly $820k, as of the end of the 2022 fiscal year. The return on its endowment was of 50k (6.09%) compared to the 0.843% average return (43.9k on 5.21M) across all Associates Colleges.

In 2022, Lake Superior College had a total salary expenditure of 42.7M. Lake Superior College employs 73 Instructors. Most academics at Lake Superior College are Male Instructor (38), and Female Instructor (35).

The most common positions for non-instructional staff at Lake Superior College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 27 employees, Office and Administrative Support, with 17 employees, and Business and Financial Operations with 11 employees.

Endowment

$820k

2022 Endowment

11.5%

decline from 2021

Lake Superior College has an endowment valued at about $820k, as of the end of the 2022 fiscal year. The endowment of Lake Superior College declined 11.5% from the previous year. The value of their endowment was $4.39M lower than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Lake Superior College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: Mixed Transfer/Career & Technical-High Nontraditional Carnegie Classification grouping.

Salary Expenditure

$18M

2022 Salaries

5.92%

decline from 2021

In 2022, Lake Superior College paid a median of $18M in salaries, which represents 42.1% of their overall expenditure ($42.7M) and a 5.92% decline from the previous year. This is compared to a 7.19% decline between 2020 and 2021, and a 0.291% decline between 2019 and 2020.

The median for similar Associates Colleges is 16.8M (40.1% of overall expenditures).

Instructional Salaries

$5.18M

Instructional Salaries

Number of Employees

In 2022, Lake Superior College paid a total of $5.18M to 73 employees working as instructors, which represents 28.8% of all salaries paid.

This is compared to a median of $5.35M (31.8%) for similar Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

73 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

27 Employees

In 2022, the most common positions for instructional staff at Lake Superior College was Instructor with 73 employees.

In 2022, the most common positions for non-instructional staff at Lake Superior College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 27 employees, Office and Administrative Support with 17 employees, and Business and Financial Operations with 11 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Instructor
Female Instructor

In 2022, the most common demographic for instructional staff at Lake Superior College was Male Instructor with 38 employees, and Female Instructor with 35 employees.

This chart shows the sex split between each academic rank present at Lake Superior College.

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