Lake Forest Graduate School of Management (LFGSM), located in Lake Forest, Illinois, discontinued MBA operations and closed as an accredited institution on June 30, 2026. Lake Forest Graduate School of Management has been in operation in Illinois since 1946.
Please see the closure letter for additional information.
Accreditation
LFGSM was institutionally accredited by the Higher Learning Commission (HLC). For accreditation questions, please contact HLC at info@hlcommission.org.
Transcripts
Academic records will be managed by the Illinois Board of Higher Education as our permanent custodian of records. To request a transcript, please complete the Student Transcript Request Form.
VA Benefits
GI Bill students may contact the VA’s Education Call Center at 1-888-442-4551 (Mon-Fri, 7 am-6 pm CT). The Illinois Department of Veterans Affairs may be able to assist you with veteran benefits questions.
1098-T-Questions and Important Information
Forms are mailed to all eligible students by January 31 annually. If you are unable to locate your 1098-T and need further assistance, please contact finance@lfgsm.edu.
US Department of Education Resources
Students can find their federal student loan information by accessing the National Student Loan Data System (NSLDS) at https://nsldsfap.ed.gov/login . You can access the site using your Federal Student Aid (FSA) User ID and qualifying personal identification information.
IMPORTANT NOTE - Federal Loan Discharge: Loan discharge is the removal of your obligation to repay your federal student loan under certain circumstances.
If you were unable to complete your program because your school closed, you may be eligible for closed school discharge of your federal student loans. Visit Closed School Discharge to evaluate the eligibility requirements for closed school discharge.
Students who attended a school who believe they were defrauded may be eligible for borrower defense loan discharge of federal student loans. Please visit Borrower Defense for assistance.
This information does not apply to non-federal student loans. For those loans, please contact your lender or student loan servicer directly for options and to understand repayment obligations
Student Loan Hotline and Complaints
The Illinois Attorney General’s office created the Student Loan Helpline (1-800-455-2456; TTY: 1-800-964-3013) toprovide student borrowers with free resources about repayment options and information on avoiding default. If you wish to file a complaint with the Illinois Attorney General’s Office, visit the Complaint website.
Employee Complaints
Employees with questions or complaints regarding their employment rights may contact the Illinois Attorney General’s Workplace Rights Bureau (hotline 844-740-5076).
General Questions for the Illinois Board of Higher Education: Please email info@ibhe.org.