Analysis
Illinois accounting programs typically launch graduates into $45,770 first-year positions, making Lake Land's estimated $37,000 starting point—drawn from national peers—notably lower than the state standard. That $8,700 gap matters when you're carrying debt, even though the estimated $15,979 burden sits below both state and national medians for associate programs in this field.
The 0.43 debt-to-earnings ratio suggests manageable repayment, and accounting skills remain consistently marketable across economic cycles. However, similar programs at College of DuPage and other Illinois schools are positioning graduates for $44,000-$48,000 starting salaries. Given that accounting credentials are relatively standardized—employers care about your CPA eligibility and technical competence regardless of where you earned your associate degree—location and local job market density may explain much of this variance. Mattoon's smaller market likely offers fewer high-paying entry positions than Chicago's suburbs.
For families prioritizing lower debt over maximum starting salary, this path could work, especially if your student plans to transfer to complete a bachelor's degree (often necessary for CPA licensure anyway). But if staying in central Illinois after graduation, recognize that comparable programs in the state are producing significantly stronger early earnings outcomes, which compounds over a career.
Where Lake Land College Stands
Earnings vs. debt across all accounting associates's programs nationally
Compare to Similar Programs in Illinois
Accounting associates'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 |
|---|---|---|---|---|---|
| $4,280 | $37,001* | — | $15,979* | — | |
| $4,320 | $47,775* | — | $17,284* | 0.36 | |
| $13,546 | $43,765* | $44,358 | $23,823* | 0.54 | |
| National Median | — | $37,000* | — | $19,354* | 0.52 |
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 Lake Land College, approximately 27% 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 118 similar programs. Actual outcomes may vary.