Supporting Your Investment
The Lake Forest Graduate School of Management (LFGSM) is committed to helping all qualified students make their goal of pursuing an LFGSM degree a reality. Our admissions team and financial aid office will work with you to give you the guidance and resources you need whether you are a prospective student, a current student, or an alumni.
We can help you save time and money
Financial aid can be made up of need based scholarships, merit based scholarships, student loans and financial support from your employer. We work with you to find the right combination of these. Additionally we work with you to review your current credentials and past learning so that we can determine if any courses can be waived.
If you have questions about tuition or financial assistance, please don’t hesitate to contact us.
+ Tuition and Fees
To estimate the cost of graduate school tuition for our graduate business programs, here are the costs for 2017-2018 academic year.
|Tuition Costs Per Course||$3,510|
|Number of Courses Required to Graduate: MBA||16*|
|Number of Courses Required to Graduate: MSM & MSPL||14*|
|Average Textbook Costs Per Course||$110|
For more information about tuition and fees, please contact the LFGSM Business Office.
*The number of courses are subject to change based on certification credit, tuition credit and prior experience credit.
Lake Forest Graduate School of Management (LFGSM) understands the importance of making education affordable. Through many generous donations from alumni and our larger business community, LFGSM offers students scholarships to help with tuition costs. Whether you are a nurse working towards your MBA or are someone with outstanding leadership skills working towards your MSPL, we will help you find the scholarship that is right for you.
+ Tuition Assistance Grant
Candidates who are not eligible to receive tuition assistance from their employer are eligible for a Tuition Assistance Grant in the amount of $3,510. Tuition Assistance Grants are awarded in the form of tuition credit and are disbursed equally over your degree program.
+ Federal Financial Aid
If you are a US citizen or permanent resident, you are eligible to apply for a Federal Direct Unsubsidized Loan or a Direct PLUS Loan. The Federal Direct Loan and Direct PLUS Programs (formally known as the Grad PLUS Loans) provides low-interest loans to US citizens pursuing graduate education.
To apply for federal financial assistance, you must submit the following:
- Obtain a FSA ID from the Department of Education website. You will need a FSA ID to complete the FAFSA.
- Complete the Free Application for Federal Student Aid (FAFSA) online that corresponds to your start date.
- Admissions provides a financial aid checklist to help you keep track of the all the forms needed and the dates they need to be submitted by. Contact our Admissions team at firstname.lastname@example.org.
+ Certifications and Course Waivers
Your expertise should mean something for your degree. LFGSM values the hard work you've put in to your career and acknowledges your professional certifications by offering course waivers for each credential you hold. Find out which of your credentials could qualify for course waivers and begin building on the knowledge and expertise you already have.
+ Private Loans
Many US citizens, permanent residents, and international students finance their graduate educations with credit-based education loans. Private loans are a good option for students with strong credit or those who do not qualify for federal loans.
All students are encouraged to seek lenders offering loans with the most favorable terms. Here is a short list of lenders our students currently use:
- Abbott Laboratories Employee's Credit Union (ALEC)
Contact: Ken Kiefer, SVP-Lending
- Baxter Credit Union
340 N. Milwaukee Ave
Vernon Hills, IL 60061
Contact: Amy Auw, 847-932-8760
- Discover Student Loans
2500 Lake Cook Road
Riverwoods, IL 60015
- Sallie Mae
P.O. Box 9435
Wilkes-Barre, PA 18773-9435
+ Tuition Reimbursement Benefits
Companies often provide financial assistance to employees pursuing education to advance their careers. You may want to contact your employer to determine whether you are eligible for tuition reimbursement benefits. Each company has a different process and approval timeline for tuition reimbursements, so its important to keep this in mind when looking at financial aid options. Tuition reimbursement will be included in the determination of your federal financial need.
+ ASSIST Program for Current Students
The ASSIST (Assistance for Students in Sudden Transition) Program offers financial support to help students who have experienced sudden, unexpected job loss. Career coaching and job-search resources are included to help students rebound quickly. For more information, contact Student Services at 847-574-5158.
+ Veterans Benefits
LFGSM is approved by the Illinois State Approving Agency for educational aid under the G.I. Bill (including the Yellow Ribbon Program) to eligible veterans. Students must to provide their DD214 along with their Certificate of Eligibility to the school. The Certificate of Eligibility may be obtained through the St. Louis Veterans Affairs Customer Service Office, available 24 hours a day at 888-442-4551. For additional information, contact the St. Louis Veterans Affairs Customer Service Office, or the LFGSM Financial Aid office.
+ Alumni Tuition Benefit
Recognizing the value of lifelong learning, LFGSM offers alumni the opportunity to pursue most graduate-level coursework at a reduced tuition rate. Non-degree seeking alumni receive a 50% tuition discount on graduate degree program courses. Alumni seeking to earn a subsequent graduate degree at LFGSM receive a 25% tuition discount on courses taken toward the new degree. Materials and other fees are charged at the published price.