Analysis
A debt-to-earnings ratio near 0.5 suggests manageable student loans, though the complete picture here relies heavily on benchmarking against other physics programs. Lake Forest's estimated first-year earnings of $47,670 track exactly with the national median, but trail the Illinois state median by about $3,300. That gap matters in a state where flagship programs like University of Illinois Urbana-Champaign demonstrate what top-tier physics preparation can deliver. The estimated $23,120 debt burden aligns closely with both state and national norms, meaning the financial proposition hinges entirely on whether Lake Forest's smaller setting—evidenced by suppressed data—offers advantages that compensate for potentially lower initial earnings.
The selectivity data (59% admission rate, 1309 SAT average) points to a solid liberal arts environment, and 35% Pell enrollment suggests meaningful economic diversity. For physics specifically, though, peer programs in Illinois appear to launch graduates into slightly stronger financial positions. The question becomes whether Lake Forest's individualized attention and undergraduate research opportunities—typical strengths of smaller programs—translate into career outcomes that catch up to or surpass these early figures.
Your decision should weigh whether paying comparable debt for below-state-median estimated earnings makes sense when stronger physics programs exist in Illinois. If your student thrives in intimate academic settings and plans graduate school where pedigree matters less than research experience, Lake Forest could work. Otherwise, targeting programs with documented stronger earnings makes financial sense.
Where Lake Forest College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Illinois
Physics bachelors's programs at peer institutions in Illinois (32 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $54,202 | $47,670* | — | $23,120* | — | |
| $16,004 | $51,019* | $60,090 | $20,500* | 0.40 | |
| National Median | — | $47,670* | — | $23,304* | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
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 75 similar programs. Actual outcomes may vary.