In 2021, tuition for full-time students at Lincoln Memorial University was $23,760 a year.
Tuition increased 3.13% in 2022–from $23,040 the prior year. On average, college tuition goes up about 3% every year.
If this makes attending the college of your dreams seem daunting, remember, the "sticker price" of tuition doesn't tell the full story. Many students find the actual cost of college is way less than the total tuition after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make the amount you do have to pay out of pocket more manageable until you're done with college.
Lincoln Memorial University is a private, nonprofit institution, which means it has the same tuition for residents of Tennessee as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to verify your state's requirements for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on the state you and your parents currently reside in.
Lincoln Memorial University has the same tuition for international students as for those from out of state.
International students usually do not qualify for for federal financial aid, but may be eligible for private or Lincoln Memorial University-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Lincoln Memorial University.
Room and board at Lincoln Memorial University is $10,674 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that enables you to eat all or some of your meals the school dining halls.
Board costs can depend on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The real cost of books and supplies 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 help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be other costs associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Most colleges offer resources so that those with demonstrated need to get help covering these costs.
The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need 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 Lincoln Memorial University, freshman are allowed to park on campus.
Where are a college is located can impact 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 other hand transportation in a city may be pricey, but cities may offer more trains, busses and low-cost flight options to actually get to school. The Lincoln Memorial University campus is located in a small town setting in Tennessee.
When creating a budget for college, don’t forget to factor in personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Lincoln Memorial University.
What will the cost of attending Lincoln Memorial University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$10,674|
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.
The majority of Lincoln Memorial University undergrads use financial aid to to cover the cost of tuition. In 2022, 1,034 of the 1,817 undergrads enrolled received financial aid. Lincoln Memorial University meets 59% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $24,930 a year. Around 63% of Lincoln Memorial University undergrads take out student loans to cover any remaining costs. Lincoln Memorial University graduates who have student loans graduate with an average of $23,688 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Lincoln Memorial University 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 Lincoln Memorial University 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, Lincoln Memorial University awarded 1,001 need-based scholarships to students, giving away total of $18.2 million to help students with financial need cover the cost of school. An additional $3.2 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 Lincoln Memorial University 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 Lincoln Memorial University was $24,930 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lincoln Memorial University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Lincoln Memorial University 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 understand the actual cost of attending that school, based on their financial situation. You can find the Lincoln Memorial University'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.
Lincoln Memorial University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to 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 with a tuition waiver, other expenses and fees are the responsibility of the student.
Lincoln Memorial University 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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