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Lake Forest College vs McKendree University: which has better ROI?

Private nonprofit, Lake Forest IL · vs · Private nonprofit, Lebanon IL

The verdict

Lake Forest College has the better ROI: it clears its 4-year net cost of $114,692 in 8.5 years versus 9.7 years at McKendree University, on median earnings of $61,825 vs $58,572 ten years out. (Scorecard, 2026 · our math.)

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Head to head
MeasureLake Forest CollegeMcKendree University
Net price / yr$28,673$24,717
Total net cost$114,692$98,868
Median earnings, 10 yrs$61,825$58,572
Median debt$26,158$23,250
Payback8.5 yrs9.7 yrs
20-year net return$154,608$105,372

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, Lake Forest College or McKendree University?

McKendree University, at $24,717 a year after aid versus $28,673 — a gap of $3,956 a year, or $15,824 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Lake Forest College or McKendree University graduates earn more?

Lake Forest College graduates report a median $61,825 ten years after entry, $3,253 more than the $58,572 at McKendree University. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, Lake Forest College or McKendree University?

McKendree University: its completers carry a median $23,250 in federal loans versus $26,158 at Lake Forest College, a difference of $2,908. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

78% of students finish at Lake Forest College, against 53% at McKendree University. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

Lake Forest College vs McKendree University: frequently asked questions

Is Lake Forest College or McKendree University a better value?
Lake Forest College. It clears its $114,692 net cost in about 8.5 years versus 9.7 years at McKendree University, on median earnings of $61,825 vs $58,572 ten years out.
Which is cheaper, Lake Forest College or McKendree University?
McKendree University: $24,717/yr net price after aid versus $28,673/yr at Lake Forest College — a difference of $3,956 a year, or about $15,824 over four years.
Do Lake Forest College or McKendree University graduates earn more?
Lake Forest College graduates earn a median $61,825 ten years after entry, versus $58,572 at McKendree University — a $3,253 gap. This blends every major, so a specific field can flip it.