About
Lake Forest Graduate School of Management was a private business school in Lake Forest, Illinois. It opened in 1946 as a response to the need for WWII veterans to translate their experience into practical business skills and foundational business knowledge. In 2004, the institution moved its campus to its present location near the Tri-State Tollway. Its programs included a Master in Business Administration, a graduate certificate, and open-enrollment, non-credit executive education courses. The campus of Lake Forest Graduate School of Management was also associated with the Lake Forest Center for Leadership which offers leadership development consultation and customized programming to be held within external organizations. The school's leaders closed the school at the end of the 2025-2026 academic year.
Program outcomes
Federal Program Performance Data: how each program's graduate earnings and debt measure up under Financial Value Transparency and Gainful Employment.
Of 3 Title IV programs, 1 pass the federal Gainful Employment test and 0 fail. 2 have graduate earnings too small to publish, so they carry no pass/fail verdict.
Pass / fail distribution
- Passing1 · 33.3%
- No Data2 · 66.7%
- Failing0 · 0.0%
Severity spectrum
Tiers band programs by how far graduate earnings sit above or below the benchmark, from Critical (below −15%) through Safe (above +25%). No data means earnings were privacy-suppressed.
Earnings premium gap
Graduate earnings versus the federal benchmark, worst gaps first.
Debt vs earnings
Median completer debt against median graduate earnings, highest burden first.
Accreditation status & history
Who accredits the institution, current standing, and any past actions.
Higher Learning Commission
Action history · 1
- Aug 2023Renewal of AccreditationHigher Learning Commission
Federal aid volume & trends
Pell grants and federal Direct Loan volume disbursed to students, and how they've trended.
In AY 2024–25, students received in Pell grants, alongside $188K in federal Direct Loans.
Pell recipients · 5-year trend
Loan volume by type · AY 2024–25
Loan awards count each loan type a student holds, not unique borrowers; one student may carry several (e.g. subsidized and unsubsidized), so the per-type figures are the reliable detail.
Student loan default rate
The share of student borrowers who default on federal loans within three years, against the national benchmark.
Of 50 borrowers who entered repayment, 1 (2.0%) defaulted within three years — below the 2.3% national rate.
Default rate vs national, by cohort
* Cohorts 2020 and later read near 0% because the federal COVID-19 payment pause (CARES Act) suspended defaults nationwide. These years reflect a national policy, not institutional performance; the 2019 cohort is the last measured under normal repayment.
Academic programs at LFGSM
Top program areas ranked by completions.
Top program families by completions
Enrollment trends & demographics
Fall headcount, 12-month unduplicated enrollment, and student body composition.
Gender split
Campus safety & crime statistics
Reported on-campus crimes over the last three years, including violence and hate crimes.
3-year trend
Criminal offenses by type
By location
VAWA offenses
Hate crimes by bias
No hate crimes reported.
Arrests vs disciplinary referrals
Residence-hall fires
LFGSM vs Peer comparison
The peer institutions LFGSM selected for federal comparison reporting.
A larger shape on any axis means this institution outperforms its peers on that dimension. For acceptance rate and net price, lower raw values are inverted so "more selective" and "more affordable" appear larger.
| Carnegie | |||||
|---|---|---|---|---|---|
SubjectLake Forest Graduate School of Management | — | — | 196 | — | — |
| 93% | 17.1% | 3,932 | $40,514 | — | |
| — | — | 344 | — | — | |
| — | — | 271 | — | — | |
| 38% | 67.5% | 1,004 | $22,143 | — | |
| 67% | 60.5% | 2,008 | $45,447 | — | |
| 54% | 68.5% | 810 | $31,100 | — | |
| 63% | 64.5% | 2,409 | $27,232 | — | |
| 43% | — | 75 | $21,379 | — | |
| 0% | 100.0% | 101 | $30,753 | — | |
| — | — | 74 | — | — | |
| — | — | 908 | — | — | |
| 67% | — | 64 | $22,721 | — | |
| Peer group median | 59% | 66.0% | 344 | $28,993 |
Institutions like LFGSM
Explore the federal data for institutions in LFGSM's comparison group.
- Massachusetts
Babson College
Grad rate93%Admit rate17.1%Enrollment3,932Net price$40,514View data - California
California Institute of Advanced Management
Grad rate—Admit rate—Enrollment344Net price—View data - California
Claremont Lincoln University
Grad rate—Admit rate—Enrollment271Net price—View data - Michigan
Cleary University
Grad rate38%Admit rate67.5%Enrollment1,004Net price$22,143View data - Massachusetts
Hult International Business School
Grad rate67%Admit rate60.5%Enrollment2,008Net price$45,447View data - California
Menlo College
Grad rate54%Admit rate68.5%Enrollment810Net price$31,100View data - Michigan
Northwood University
Grad rate63%Admit rate64.5%Enrollment2,409Net price$27,232View data - California
Oak Valley College
Grad rate43%Admit rate—Enrollment75Net price$21,379View data - California
Pacific States University
Grad rate0%Admit rate100.0%Enrollment101Net price$30,753View data - California
Presidio Graduate School
Grad rate—Admit rate—Enrollment74Net price—View data - Michigan
Walsh College
Grad rate—Admit rate—Enrollment908Net price—View data - Tennessee
Williamson Christian College
Grad rate67%Admit rate—Enrollment64Net price$22,721View data
Reports & documents (1)
Dashboards, factbooks, data dictionaries, and other reference material published by the IR office.
Frequently asked questions about Lake Forest Graduate School of Management
Quick answers to the questions most often asked about LFGSM.
How many students attend Lake Forest Graduate School of Management?
Where is Lake Forest Graduate School of Management located?
About the data on this page
Every figure comes from an official federal or public source. Here is each one and the release it is currently on.
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