Lees-McRae College
Banner Elk, NC, USA

Tuition, Cost & Aid

Affordability and Cost

Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.

Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$17,147
Calculate your net cost
Average Net Price By Family Income
Income
Average Amount
< $30k
$17,018
$30k - $48k
$17,342
$48k - $75k
$16,046
$75k - $110k
$19,562
$110k+
$14,026
Tuition
In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution.
$26,198
Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state’s or institution’s residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school.
$26,198
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
  • (amount for on-campus room, board and other expenses * # of students living on-campus.
  • + amount for off-campus (with family) room, board and other expenses * # of students living off-campus with family
  • + amount for off-campus (not with family) room, board and other expenses * # of students living off-campus not with family)
divided by the total # of students. Students whose living arrangements are unknown are excluded from the calculation. For some institutions the # of students by living arrangement will be known, but dollar amounts will not be known. In this case the # of students with no corresponding dollar amount will be excluded from the denominator.
$11,078
Books and Supplies
$550
Tuition Payment Plan
Yes
Financial Aid: visit page
Financial Aid Email: [email protected]

Aid & Grants

0
100
72%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
48%
Average Aid Per Year
$19,544
Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
48%
Average Federal Grant Aid Per Year
$5,494
Average Institution Grant Aid Per Year
$15,151
Students receiving state aid
43%
Average State Grant Aid Per Year
$4,775
Students receiving federal aid
43%
Average Federal Grant Aid Per Year
$5,494
Average Grant & Scholarship By Family Income
Income
Average Amount
< $30k
$24,266
$30k - $48k
$23,942
$48k - $75k
$25,238
$75k - $110k
$21,722
$110k+
$27,258
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$2,091,161
Total Non-Need-Based Scholarships/Grants
$794,280

Student Loans

Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
64%
Average Loan Amount Per Year
$7,922
Students receiving federal loans
64%
Average Federal Loans Per Year
$6,202
Average Other Loans Per Year
$14,743
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$14,568
Loan Default Rate
7%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$202

What Students Are Saying

3.23 Average Rating
if you work hard and appreciate everything you're given here, it's worth every penny.
Cassandra from Weldon, NC
You get a lot for your money! I would also say don't let the price scare you away, because there are ways that you can make it affordable through grants and scholarships.
Jordan from Fries, VA
The tuition here is broadcasted as being a lot more than it actually is. Getting financial aid and scholarships is incredibly easy, and all in all you'd be surprised to learn you actually pay less than a third of what the tuition is. And with all the things you can do on and around campus, its hard to say it isn't worth it.
Brandon from Upper Darby, PA
College is voluntary and expensive. You have gained independence, you are in a new place, and your adult life is gradually beginning. Managing your own time is vital to balance responsibilities and set priorities. There will be moral and ethical decisions you may have never faced before and it is your job to stay on top of things. That is 33,000 dollars a year that can be wasted partying, failing classes, being in the wrong major or making the best of it. So many young adults go into copious amounts of debt for degrees that will not help them get a career. Schedules tend to look lighter than they actually are, so pick and choose classes wisely. You are expected to take responsibility for what you do and do not do, as well as for the consequences of your decisions. College is not guided, and professors will not remind you of due dates, incomplete work or initiate contact if you need assistance. College is a learning environment in which you take responsibility and apply what you have learned, but it's all worth it if you put in the effort.
Thelma from Charlotte, NC
The college is kind of pricey but for the amount of money you are paying you do get something out of the experience. However, if you do not find your major or the school does not have what you need, then I would consider transferring or not going. The school is expanding in programs, but they need to get started first. The college is pricey when all payments are broken down and calculated, so make sure you want something Lees McRae has to offer before you pay the money.
Morgan from Wendell, NC