Nicholas Perrin, PhD President | Trinity International University-Illinois
Nicholas Perrin, PhD President | Trinity International University-Illinois
Data shows that students paid $15,967 on average to attend higher education courses at the time, $436 more than the previous school year.
Among the six institutions in the county, Lake Forest College stood out with the highest tuition fees, reaching an average of $52,902. Trinity International University-Illinois followed with an average of $33,898 per year. The College of Lake County students were offered the lowest annual tuition fees at $9,842.
At the time, a total of $24.5 million in grants or scholarships were awarded to full-time undergraduates who started at the Lake County universities in the 2022-23 school year. Additionally, federal student loans reached $4.5 million.
Currently there are six higher education institutions in Lake County, including State Career College, Lake Forest College, and College of Lake County.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
| Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
|---|---|---|---|---|---|---|
| Tricoci University of Beauty Culture-Libertyville | 63 | $362,951 | $5,761 | 76 | $548,429 | $7,216 |
| Empire Beauty School-Vernon Hills | 22 | $110,842 | $5,038 | 21 | $159,500 | $7,595 |
| Lake Forest College | 445 | $17,098,680 | $38,424 | 330 | $2,214,240 | $6,710 |
| College of Lake County | 668 | $4,043,771 | $6,054 | 32 | $141,838 | $4,432 |
| Trinity International University-Illinois | 86 | $2,267,396 | $26,365 | 83 | $555,548 | $6,693 |
| State Career College | 108 | $642,556 | $5,950 | 104 | $852,393 | $8,196 |
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