Founded in 1946, Lake Forest Graduate School of Management is a non-profit private specialized higher-education institution located in the suburban setting of the large town of Lake Forest (population range of 10,000-49,999 inhabitants), Illinois. Officially accredited by the Higher Learning Commission, Lake Forest Graduate School of Management (LFGSM) is a very small coeducational US higher education institution. Lake Forest Graduate School of Management (LFGSM) offers courses and programs leading to officially recognized higher education degrees such as master degrees in several areas of study. International students are welcome to apply for enrollment. LFGSM also provides several academic and non-academic facilities and services to students including financial aids and/or scholarships, study abroad and exchange programs, online courses and distance learning opportunities, as well as administrative services.