Lake-Sumter State College

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2022 Undergraduate Tuition
$3,292
2022 Average Net Price
$7,350
After Financial Aid
2019 Default Rate
3.5%
on Student Loans
2022 Enrolled Students
4,460
33.8% Full-Time
2022 Graduation Rate
46.9%
254 Graduates

About

Lake-Sumter State College is a higher education institution located in Lake County, FL. In 2022, the most popular Associates Degree concentrations at Lake-Sumter State College were Liberal Arts & Sciences (598 degrees awarded), Registered Nursing (42 degrees), and General Engineering Technology (17 degrees).

In 2022, 891 degrees were awarded across all undergraduate and graduate programs at Lake-Sumter State College. 65.8% of these degrees were awarded to women, and 34.2% awarded men. The most common race/ethnicity group of degree recipients was white (460 degrees), 2.04 times more than then the next closest race/ethnicity group, hispanic or latino (225 degrees).

The median undergraduate tuition at Lake-Sumter State College is $3,292, which is $−8,672 less than the national average for Baccalaureate/Associates Colleges ($11,964).

Costs

In 2022, the median undergraduate tuition at Lake-Sumter State College is $3,292, which is $−8,672 less than the national average for Baccalaureate/Associates Colleges ($11,964).

After taking grants and loans into account, the average net price for students is $7,350.

In 2022, 75% of undergraduate students attending Lake-Sumter State College received financial aid through grants. Comparatively, 41% of undergraduate students received financial aid through loans.

Tuition Costs

$3,292
2022 Undergraduate Tuition

In 2022, the cost of tuition at Lake-Sumter State College was $3,292. The cost of tuition at Lake-Sumter State College is $−8,672 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($11,964).

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Average Net Price

$7,350
2022 Value
34.7%
1 Year Growth

In 2022 Lake-Sumter State College had an average net price — the price paid after factoring in grants and loans — of $7,350. Between 2021 and 2022, the average net price of Lake-Sumter State College grew by 34.7%.

This chart compares the average net price of Lake-Sumter State College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$9,050
Room and Board
$2,600
Books and Supplies

The average yearly cost of room and board at Lake-Sumter State College was of $9,050 in 2022. The cost of room and board increased by 13.1% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $2,600. The cost of books and supplies increased by 30% during the same period.

This chart compares the average student costs at Lake-Sumter State College (in red) with that of similar universities.

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Financial Aid by Income Level

75%
Undergraduates Receiving Financial Aid through Grants
41%
Undergraduates Receiving Financial Aid through Loans

75% of undergraduate students at Lake-Sumter State College received financial aid through grants or loans in 2022. This represents a growth of 41.5% with respect to 2021, when 53% of undergraduate students received financial aid.

This chart compares the average award discount at Lake-Sumter State College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
3.5%
2019 Default Rate
12
Number of Defaults

In 2019 the default rate for borrower's at Lake-Sumter State College was 3.5%, which represents 12 out of the 343 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Enrollment

Lake-Sumter State College had a total enrollment of 4,460 students in 2022. The full-time enrollment at Lake-Sumter State College is 1,506 students and the part-time enrollment is 2,954. This means that 33.8% of students enrolled at Lake-Sumter State College are enrolled full-time.

The enrolled student population at Lake-Sumter State College, both undergraduate and graduate, is 51.5% White, 24.5% Hispanic or Latino, 10.4% Black or African American, 4.78% Asian, 3.81% Two or More Races, 0.516% American Indian or Alaska Native, and 0.179% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Lake-Sumter State College in full-time Undergraduate programs are most commonly White Female (31.5%), followed by White Male (19.9%) and Hispanic or Latino Female (16%).

Full-Time vs Part-Time Enrollment

33.8%
Full-Time Enrollment

The total enrollment at Lake-Sumter State College in 2022, both undergraduate and graduate, is 4,460 students. The full-time enrollment at Lake-Sumter State College is 1,506 and the part-time enrollment is 2,954. This means that 33.8% of students enrolled at Lake-Sumter State College are enrolled full-time compared with 43.2% at similar Baccalaureate/Associates Colleges.

This chart shows the full-time vs part-time enrollment status at Lake-Sumter State College (in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    2,299 enrolled students
  2. Hispanic or Latino
    1,092 enrolled students
  3. Black or African American
    462 enrolled students

The enrolled student population at Lake-Sumter State College is 51.5% White, 24.5% Hispanic or Latino, 10.4% Black or African American, 4.78% Asian, 3.81% Two or More Races, 0.516% American Indian or Alaska Native, and 0.179% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate/Associates Colleges is 42.6% White, 27.7% Hispanic or Latino, and 14% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 162 students (3.63%) did not report their race.

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Graduates

In 2022, 281 more women than men received degrees from Lake-Sumter State College. The most common race/ethnicity group of degree recipients at Lake-Sumter State College is white (460 degrees awarded). There were 2.04 times more white recipients than the next closest race/ethnicity group, hispanic or latino (225 degrees).

The most common Associates Degree concentration at Lake-Sumter State College is Liberal Arts & Sciences (598 degrees awarded), followed by Registered Nursing (42 degrees) and General Engineering Technology (17 degrees).

In 2022,  the most specialized majors across all degree types at Lake-Sumter State College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Science Technologies (45 degrees awarded), Liberal Arts & Humanities (598 degrees), and Construction (26 degrees).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Lake-Sumter State College are Accountants & auditors (1,020,677 people), Other managers (708,782 people), Financial managers (483,433 people), Chief executives & legislators (376,289 people), and Firstline supervisors of retail sales workers (256,539 people).

The most specialized majors at Lake-Sumter State College in 2022 are Science Technologies (45 degrees awarded), Liberal Arts & Humanities (598 degrees), Construction (26 degrees), Engineering Technologies (32 degrees), and Business (84 degrees) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Lake-Sumter State College are Surgeons, Cardiovascular technologists and technicians, Skincare specialists, Broadcast announcers and radio disc jockeys, and Physicians

The most specialized majors at Lake-Sumter State College are Science Technologies (45 degrees awarded), Liberal Arts & Humanities (598 degrees), Construction (26 degrees), Engineering Technologies (32 degrees), and Business (84 degrees) (as of 2022).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Lake-Sumter State College are Elementary & secondary schools (554,751 people), Computer Systems Design (528,787 people), Banking & related activities (476,617 people), Construction (468,284 people), and Securities, commodities, funds, trusts & other financial investments (406,298 people).

The most specialized majors at Lake-Sumter State College are Science Technologies (45 degrees awarded), Liberal Arts & Humanities (598 degrees), Construction (26 degrees), Engineering Technologies (32 degrees), and Business (84 degrees) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Lake-Sumter State College.
Most Common (2022)
  1. 598 degrees awarded
  2. 42 degrees awarded
  3. 17 degrees awarded

In 2022, the most common associates degree concentration at Lake-Sumter State College was Liberal Arts & Sciences with 598 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Lake-Sumter State College according to their major.

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Sex Breakdown for Common Majors

305
Degrees Awarded to Men
in 2022
586
Degrees Awarded to Women
in 2022

In 2022, 305 degrees were awarded to men at Lake-Sumter State College, which is 0.52 times less than the number of degrees awarded to females (586).

This chart displays the sex disparity between the top 5 majors at Lake-Sumter State College by degrees awarded.

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Most Common Male Majors

In 2022, 201 degrees were awarded to men at Lake-Sumter State College in Liberal Arts & Sciences, which is 0.506 times less than the 397 female recipients with that same degree.

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Most Common Female Majors

In 2022, 397 degrees were awarded to men at Lake-Sumter State College in Liberal Arts & Sciences, which is 1.98 times more than the 201 male recipients with that same degree.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (75%)

The student demographic with the highest graduation rate in 2022 at Lake-Sumter State College is Female and Asian (75% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 9.45% of graduates (24 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    460 degrees awarded
  2. Hispanic or Latino
    225 degrees awarded
  3. Black or African American
    85 degrees awarded

The most common race/ethnicity at Lake-Sumter State College is white (460 degrees awarded). There were 2.04 times more white recipients than the next closest race/ethnicity group, hispanic or latino (225 degrees).

3.25% of degree recipients (29 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    283 degrees awarded
  2. White Male
    177 degrees awarded
  3. Hispanic or Latino Female
    156 degrees awarded

The most common race/ethnicity and sex grouping at Lake-Sumter State College is white female (283 degrees awarded). There were 1.6 times more white female recipients than the next closest race/ethnicity group, white male (177 degrees).

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Operations

Lake-Sumter State College has an endowment valued at nearly $13.9M, as of the end of the 2022 fiscal year. The return on its endowment was of 58.2k (0.418%) compared to the 0.527% average return (72.1k on 13.7M) across all Baccalaureate/Associates Colleges.

In 2022, Lake-Sumter State College had a total salary expenditure of 42.2M. Lake-Sumter State College employs 27 Instructors, 24 Assistant professors and 6 Associate professors. Most academics at Lake-Sumter State College are Female Instructor (15), Female Assistant professor (13), and Male Instructor (12).

The most common positions for non-instructional staff at Lake-Sumter State College are: Management, with 55 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 29 employees, and Office and Administrative Support with 25 employees.

Endowment

$13.9M
2022 Endowment
13.2%
growth from 2021

Lake-Sumter State College has an endowment valued at about $13.9M, as of the end of the 2022 fiscal year. The endowment of Lake-Sumter State College grew 13.2% from the previous year. The value of their endowment was $232k higher than than the median endowment of Baccalaureate/Associates Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Lake-Sumter State College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate/Associates Colleges: Associates Dominant Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $150k - Federal
  2. $104k - State
  3. $1.45M - Local

As of 2022, Lake-Sumter State College received $150k in grants and contracts from the federal government, $104k from state grants and contracts, and $1.45M from local grants and contracts.

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Salary Expenditure

$15.2M
2022 Salaries
2.96%
growth from 2021

In 2022, Lake-Sumter State College paid a median of $15.2M in salaries, which represents 36.1% of their overall expenditure ($42.2M) and a 2.96% growth from the previous year.

The median for similar Baccalaureate/Associates Colleges is 13M (33.2% of overall expenditures).

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Instructional Salaries

$3.14M
Instructional Salaries
60
Number of Employees

In 2022, Lake-Sumter State College paid a total of $3.14M to 60 employees working as instructors, which represents 20.6% of all salaries paid.

This is compared to a median of $3.45M (26.6%) for similar Baccalaureate/Associates Colleges.

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Occupations by Share

Instructor
Most Common Instructor
27 Employees
Management
Most Common Non-Instructional Employee
55 Employees

In 2022, the most common positions for instructional staff at Lake-Sumter State College were Instructor with 27 employees, Assistant professor with 24 employees, and Associate professor with 6 employees.

In 2022, the most common positions for non-instructional staff at Lake-Sumter State College were Management with 55 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 29 employees, and Office and Administrative Support with 25 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Instructor
  2. Female Assistant professor
  3. Male Instructor

In 2022, the most common demographic for instructional staff at Lake-Sumter State College was Female Instructor with 15 employees, Female Assistant professor with 13 employees, and Male Instructor with 12 employees.

This chart shows the sex split between each academic rank present at Lake-Sumter State College.

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