This was 9.5 percent lower than the state average of 38.7 percent. In 2020 the total municipality population reached 1,156.
88.2 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Lake and Peninsula Borough for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 85 | 11.8 |
| Regular high school diploma | 231 | 32.2 |
| GED or alternative credential | 25 | 3.5 |
| Some college, less than 1 year | 44 | 6.1 |
| Some college, 1 or more years, no degree | 123 | 17.1 |
| Associate's degree | 44 | 6.1 |
| Bachelor's degree | 76 | 10.6 |
| Master's degree | 56 | 7.8 |
| Professional school degree | 34 | 4.7 |
| Doctorate degree | 0 | 0 |

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