Analysis
In Illinois, where teacher preparation programs vary widely in cost and outcomes, Lake Forest College's Education bachelor's appears to follow a familiar pattern: manageable debt paired with modest starting salaries. Based on national benchmarks for similar programs, graduates can expect around $38,660 in first-year earnings—the median for education bachelor's degrees nationwide—against an estimated $27,000 in student debt. That 0.70 debt-to-earnings ratio falls within reasonable territory for education credentials, though the economics still require careful planning for the first few years of loan repayment.
The challenge with education degrees isn't unique to Lake Forest—teaching simply doesn't command high starting salaries, regardless of where you earn your credential. What matters more is whether the college provides strong student teaching placements, relationships with local school districts, and preparation for Illinois licensure requirements. At a smaller liberal arts college like Lake Forest, class sizes and mentorship may offer advantages that don't show up in the earnings data. However, these estimated figures suggest you'll be starting your teaching career on par with typical education graduates nationally, not ahead of them.
Given the uncertainty around these estimates and Lake Forest's relatively high sticker price, request the actual placement data directly from the education department—where graduates are teaching, their licensure pass rates, and typical starting salaries in nearby districts. If your child is set on teaching, comparing the net cost after financial aid against larger public universities with education programs will be essential.
Where Lake Forest College Stands
Earnings vs. debt across all education bachelors's programs nationally
Compare to Similar Programs Nationally
Education bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $54,202 | $38,660* | — | $27,000* | — | |
| $8,886 | $68,730* | — | $26,556* | 0.39 | |
| $12,186 | $60,288* | — | —* | — | |
| $11,728 | $57,410* | — | $13,250* | 0.23 | |
| $19,568 | $56,397* | $40,429 | —* | — | |
| $44,850 | $55,579* | $54,660 | $27,000* | 0.49 | |
| National Median | — | $38,660* | — | $26,522* | 0.69 |
Career Paths
Occupations commonly associated with education graduates
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 national median of 66 similar programs. Actual outcomes may vary.