In 2022, Lees-McRae College's tuition was $26,490 a year.
Tuition increased 0.85% in 2022–from $26,267 the previous year. On average, college tuition goes up about 3% every year.
If this information makes going to college seem daunting, remember, the advertized cost of tuition doesn't give you all the info you need to know how much you will actually have to pay for college. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college feel more doable until you've finishing school and found a job.
Lees-McRae College is a private, religious institution, so it has the same tuition for residents of North Carolina as it does for residents from other states.
Public colleges and universities receive funding from the state government. These institutions offer reduced tuition for students who are residents of that state.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to verify your state's eligibility criteria for in-state tuition. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria too, depending on where you live.
Tuition at Lees Mcrae College is the same for each student.
International students usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at Lees Mcrae College:
•Lees Mcrae College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Lees Mcrae College.
Room and board at Lees Mcrae College is $12,200 a year. This number includes the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat all or some of your meals the Lees Mcrae College's on-campus cafeterias and dining facilities.
Board costs may vary depending on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be optional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Many schools have resources for students with financial need to find ways to lower or eliminate these costs.
The cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your estimated cost of transportation. At Lees Mcrae College, freshman are allowed to park on campus.
A school's location can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area is usually costly, but cities may offer more trains, busses and low-cost flight options to actually get to school. The Lees-McRae College campus is located in a rural setting in North Carolina.
When budgeting for college, don’t forget to factor in personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better estimate of how much students can expect to shell out for Lees Mcrae College.
What will the cost of attending Lees Mcrae College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$12,200|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
Lees Mcrae College’s tuition and fees change based on: •Campus location for full-time and part-time students
The majority of Lees Mcrae College undergrads use financial aid to finance their education. In 2022, 635 of the 872 undergrads enrolled received financial aid. Lees Mcrae College meets 62% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $24,744 a year.
|Most Common Loans for Lees Mcrae College Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Lees Mcrae College financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Lees Mcrae College awarded 635 need-based scholarships to students, giving away total of $11.1 million to help students with financial need cover the cost of school.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Lees Mcrae College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Lees Mcrae College was $24,744 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lees Mcrae College seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Lees Mcrae College really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Lees Mcrae College's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Lees Mcrae College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Lees Mcrae College has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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