Political Science and Government at Lake Forest College
Bachelor's Degree
Analysis
Lake Forest College's political science graduates earn just under both the Illinois and national medians, landing in the 40th percentile statewide—middling results for a program at a selective liberal arts college. First-year earnings of $34,317 trail not just elite programs like University of Chicago ($56,022) but also large public universities like UIC ($38,363), raising questions about whether the private school premium translates to career outcomes in this field.
The upside? Graduates carry notably less debt than typical—$27,000 versus the state median of $24,562 and national median of $23,500, placing this program in the 5th percentile nationally for debt burden. That relatively modest debt load creates a manageable debt-to-earnings ratio of 0.79, meaning graduates can reasonably expect to service their loans on entry-level salaries. For families concerned about debt spirals, this matters more than it might appear at first glance.
The major caveat: these numbers come from fewer than 30 graduates, so one or two outliers could significantly skew the picture. If your child is genuinely passionate about political science and Lake Forest's small liberal arts environment, the contained debt makes this a less risky bet than many pricier alternatives. But if career earnings are the priority, Illinois offers stronger-performing options at both ends of the price spectrum.
Where Lake Forest College Stands
Earnings vs. debt across all political science and government bachelors's programs nationally
Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.
Earnings Distribution
How Lake Forest College graduates compare to all programs nationally
Lake Forest College graduates earn $34k, placing them in the 42th percentile of all political science and government bachelors programs nationally.
Compare to Similar Programs in Illinois
Political Science and Government bachelors's programs at peer institutions in Illinois (45 total in state)
| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| Lake Forest College | $34,317 | — | $27,000 | 0.79 |
| University of Chicago | $56,022 | $78,986 | $18,500 | 0.33 |
| Northwestern University | $54,737 | $71,052 | $16,834 | 0.31 |
| Wheaton College | $45,069 | — | $23,250 | 0.52 |
| University of Illinois Chicago | $38,363 | $48,704 | $21,761 | 0.57 |
| DePaul University | $37,531 | $52,563 | $24,499 | 0.65 |
| National Median | $35,627 | — | $23,500 | 0.66 |
Other Political Science and Government Programs in Illinois
Compare tuition, earnings, and debt across Illinois schools
| School | In-State Tuition | Earnings (1yr) | Debt |
|---|---|---|---|
| University of Chicago Chicago | $66,939 | $56,022 | $18,500 |
| Northwestern University Evanston | $65,997 | $54,737 | $16,834 |
| Wheaton College Wheaton | $43,930 | $45,069 | $23,250 |
| University of Illinois Chicago Chicago | $14,338 | $38,363 | $21,761 |
| DePaul University Chicago | $44,460 | $37,531 | $24,499 |
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.
Sample Size: Based on 21 graduates with reported earnings and 25 graduates with debt data. Small samples may not be representative.