Analysis
An estimated $15,500 in debt for an undergraduate certificate in accounting sits above the typical burden for this credential in Illinois (where programs average around $11,300), but the projected earnings picture offers some balance. Similar accounting certificate programs in Illinois produce first-year earnings around $45,000, which would make the debt load manageable at about a third of that year's income—reasonable by most standards for a career-focused credential.
The challenge is that neighboring community colleges with reported data show significant variation in outcomes. College of DuPage's accounting certificate graduates earn $52,700, while William Rainey Harper's earn $31,700—a $21,000 spread that suggests location, employer connections, or program structure matters considerably. College of Lake County falls somewhere in this middle range based on state averages, but without its own track record published, you're making a bet on where it actually lands within that spectrum.
For a certificate program, the numbers suggest reasonable value if your student plans to work in accounting immediately and the debt estimate holds true. The credential should pay for itself within months rather than years. But before committing, press the school for job placement rates and typical employers—those concrete details matter more than statewide averages when evaluating a short-term program where career results should be immediate.
Where College of Lake County Stands
Earnings vs. debt across all accounting certificate's programs nationally
Compare to Similar Programs in Illinois
Accounting certificate's programs at peer institutions in Illinois (44 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $4,494 | $45,004* | — | $15,516* | — | |
| $4,320 | $52,724* | — | —* | — | |
| $13,546 | $47,506* | — | $13,047* | 0.27 | |
| $3,552 | $42,502* | — | $9,500* | 0.22 | |
| $3,822 | $31,747* | — | —* | — | |
| National Median | — | $31,684* | — | $13,047* | 0.41 |
Career Paths
Occupations commonly associated with accounting graduates
Financial Managers
Treasurers and Controllers
Investment Fund Managers
Financial and Investment Analysts
Financial Risk Specialists
Financial Examiners
Budget Analysts
Business Teachers, Postsecondary
Accountants and Auditors
Tax Examiners and Collectors, and Revenue Agents
Bookkeeping, Accounting, and Auditing Clerks
Payroll and Timekeeping Clerks
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At College of Lake County, approximately 24% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 4 similar programs in IL. Actual outcomes may vary.