Analysis
Based on peer chemistry programs in Illinois, Lake Forest graduates can expect starting salaries around $45,000—right in line with the state median and slightly above the national benchmark of $42,600. The estimated $25,000 in debt yields a manageable 0.56 debt-to-earnings ratio, meaning graduates would owe roughly half their first-year salary. This puts Lake Forest's chemistry program in reasonable territory compared to larger Illinois schools like UIUC ($47,000) and SIU-Edwardsville ($46,700), though the small liberal arts environment comes without the salary premium you might hope for.
The real question is whether Lake Forest's distinctive approach—smaller classes at a selective college (59% admission rate, 1309 SAT average)—translates into better career outcomes than these estimates suggest. Chemistry is a field where graduate school and research experience matter tremendously, and Lake Forest's model may provide advantages in faculty mentorship and lab access that don't show up in first-year earnings data. However, without actual outcome data from this specific program, you're essentially betting on the quality difference being worth it.
The debt load appears reasonable if those estimated earnings materialize, but verify what Lake Forest's chemistry graduates actually do after graduation. If most continue to graduate school (common in chemistry), that first-year salary becomes less relevant than their career trajectory. Request placement data directly from the department before committing.
Where Lake Forest College Stands
Earnings vs. debt across all chemistry bachelors's programs nationally
Compare to Similar Programs in Illinois
Chemistry bachelors's programs at peer institutions in Illinois (47 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $54,202 | $44,860* | — | $24,994* | — | |
| $16,004 | $47,034* | $63,276 | $21,500* | 0.46 | |
| $12,922 | $46,659* | $57,878 | $25,000* | 0.54 | |
| $12,700 | $43,061* | $56,116 | $23,023* | 0.53 | |
| $14,952 | $31,980* | $57,236 | $27,000* | 0.84 | |
| National Median | — | $42,581* | — | $24,000* | 0.56 |
Career Paths
Occupations commonly associated with chemistry graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Computer and Information Research Scientists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Chemists
Chemistry Teachers, Postsecondary
Environmental Science Teachers, Postsecondary
Physics Teachers, Postsecondary
Environmental Scientists and Specialists, Including Health
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 Lake Forest College, approximately 35% 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.