Lake Land College
Public Community College in Mattoon, IL. Six-year graduation rate 58%. Median 10-year earnings $38,877.
Median earnings ten years after entry come to $38,877, below what most undergraduate institutions return — the central fact to weigh against cost here. The six-year graduation rate is 58%, meaning about two in five students who start do not finish. Median debt at graduation is $6,188, a light load against those earnings.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.16 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
58% graduate within six years — average, but that average still hides a large group who do not. Retention of 72% means a meaningful slice of each entering class does not return. The two rates sit near each other: few students who return for a second year are missing from the six-year completion figure. A 12% transfer-out rate accounts for part of that gap: those students left for another institution rather than dropping out, and the graduation rate above counts them as non-completers here. The part-time picture is harder: 44% return, against 72% full-time.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 2,492 degree- or certificate-seeking undergraduates
Students pay an average of $4,414 annually, well below typical undergraduate net price. The gap between the $0–30k and $110k+ bands is narrow ($979 versus $8,381), meaning aid is not strongly need-weighted. Grant aid reaches 69% of students at an average of $5,431. Federal borrowing is uncommon here at 7% of students.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 670 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $979 |
| $30–48k | $232 |
| $48–75k | $4,181 |
| $75–110k | $5,828 |
| $110k+ | $8,381 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 171 of these 2,492 students, totalling $773,536 — an average of $4,524 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Coles County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)