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Lake Land College vs Blackburn College: which has better ROI?

Public, Mattoon IL · vs · Private nonprofit, Carlinville IL

The verdict

Neither clears its cost on institution-wide earnings, but Blackburn College comes closer — median earnings $46,802 against a $73,840 total, vs $38,877 at Lake Land College. (Scorecard, 2026 · our math.)

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Head to head
MeasureLake Land CollegeBlackburn College
Net price / yr$2,254$18,460
Total net cost$9,016$73,840
Median earnings, 10 yrs$38,877$46,802
Median debt$6,188$24,242
Payback
20-year net return-$198,676-$105,000

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

Which is cheaper, Lake Land College or Blackburn College?

Lake Land College, at $2,254 a year after aid versus $18,460 — a gap of $16,206 a year, or $64,824 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 Land College or Blackburn College graduates earn more?

Blackburn College graduates report a median $46,802 ten years after entry, $7,925 more than the $38,877 at Lake Land College. 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 Land College or Blackburn College?

Lake Land College: its completers carry a median $6,188 in federal loans versus $24,242 at Blackburn College, a difference of $18,054. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

58% of students finish at Lake Land College, against 57% at Blackburn College. 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 Land College vs Blackburn College: frequently asked questions

Is Lake Land College or Blackburn College a better value?
Blackburn College comes closer, but neither clears its cost on institution-wide earnings — the field you study decides it here more than the school.
Which is cheaper, Lake Land College or Blackburn College?
Lake Land College: $2,254/yr net price after aid versus $18,460/yr at Blackburn College — a difference of $16,206 a year, or about $64,824 over four years.
Do Lake Land College or Blackburn College graduates earn more?
Blackburn College graduates earn a median $46,802 ten years after entry, versus $38,877 at Lake Land College — a $7,925 gap. This blends every major, so a specific field can flip it.