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Net Price Calculator
Lake Forest College is committed to making college affordable for our students and their families. The Net Price Calculator allows families to see an example of average net cost (net price) for attending Lake Forest.
The Net Price Calculator is designed for students who are U.S. citizens or permanent residents. If you are not one of these, please click here
What is the Calculator?
The Net Price Calculator is a tool to help you estimate the financial aid you might receive and the net price you might pay if you are admitted here and complete the financial aid application process.
The “net price” is the difference between the total cost of attendance (tuition, fees, room, board, travel, books, and other supplies) and the scholarships and grants you receive.
First, you report values about yourself (GPA, ACT/SAT, etc.) and your family’s finances (number in the household, number in college, total income, assets, etc.). Then you will see a figure which is the average of scholarships and grants offered to students with an academic and financial “profile” similar to yours.
All applicants for need-based and merit-based aid are evaluated on an individual basis, so your eligibility may differ from the average amount shown.
The Net Price Calculator is not an official application for financial aid, nor is it an official award letter from the College.
What information will I need?
You should have your and your parents’ 2015 tax return, W-2(s) or last pay stub, and recent banking/investment account documents. You will also be asked a few questions about your academic qualifications, so if you don’t know them, get your GPA, ACT/SAT scores, and class rank (if your school ranks).
What information will I receive?
The “end result” is an estimate of what you will need to pay if you enroll at Lake Forest in the 2020-2021 academic year.
Grants and scholarships do not need to be repaid. The amount shown includes federal, state, outside awards, and Lake Forest College need-based and merit-based aid.
Loans need to be repaid, usually after you graduate. If you borrow, you must repay the amount borrowed, plus interest. See our loans page for details.
What are my next steps?
Since the Net Price Calculator is not an official financial aid application, you must follow the steps outlined in the right column of this page under “Application Process” to receive an official award letter from Lake Forest. Then will you know your true costs, scholarships, grants, loans and net price.
What if I need more funding, or other options?
The College can point you toward additional resources for you and your family, including outside scholarships, loans for parents or students and monthly payment options, to help make your education affordable.
The Net Price Calculator does not take into account any “special circumstances” your family may have to report. Please contact the Office of Financial Aid (847-735-5010 or email@example.com) for instructions on reporting them to our office.