$24,878

Tuition

$42,800

Cost of Attendance

$22,356

Net Price

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Lees-McRae College Tuition and Fees

Lees-McRae College is a prominent educational institution known for offering a range of undergraduate and postgraduate programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at LMC is quite moderate compared to the expense of education at most institutions. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the college adds up to about $26,625, which includes the total tuition fees and other expenses. While housing costs $11,216, the charges for books and supplies and other expenses stand at $550 and $6,105, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$25,878$25,878
Book & Supplies$550$550
Room & Board cost$11,078$11,078
Other Expenses$5,294$5,294
Total Cost of Attendance$42,800$42,800

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. They will be required to plan for various other expenses associated with the cost of attendance, including lodging, dining, textbooks, supplies, and the cost of living, among other things. The total tuition and fees for students attending Lees-McRae College come out to be around $26,625 per year. In addition, the students will be needed to pay an average expense of $550 for books and supplies, $11,216 toward room and boarding, and $6,105 for different other expenses in a year. Therefore, the estimated cost of attendance for one year at LMC is around $44,496, as per the available information.

Average Net Price by Family Income

Net Price

$22,356

Family Income

Avg. Net Price

$0 to $30,000

$18,118

$30,001 to $48,000

$18,621

$48,001 to $75,000

$21,159

$75,001 to $110,000

$24,102

$110,000+

$28,672

The net cost of attending Lees-McRae College – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $22,357 at LMC. The net price for students with an annual family income below $30,000 is reported to be around $16,754. For the individuals who come under the $30,001-$48,000 income category, the net cost is $18,406. Meanwhile, the net price stands at $19,096 for the $48,001-$75,000 income bracket and at $24,886 for an income between $75,001 and $110,000. This amount adds up to $26,788 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$81,240

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$843

Total interest paid

$19,931

Sum of Loan Payments

$101,171

To have a realistic understanding of how much it will cost to study at Lees-McRae College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $81,240 for example. This will result in a $10,117 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $101,171 which is $19,931 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$25,878$25,878
Room & Board Cost$11,078$11,078
Total Tuition & Fees$36,956$36,956

At Lees-McRae College, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $26,625 in a year. Moreover, the applicants must also pay an amount of $11,216 towards room and boarding charges. Accordingly, the overall cost for undergraduate students at the college totals about $44,496 per year, based on the available data.

Graduate Tuition and Fees

In-stateOut-State
Tuition$500$500
FeesN/AN/A

As for the students looking to enroll in postgraduate programs at LMC, the tuition and fees they are charged add up to $9,150 per year. Of this amount, $9,000 accounts for the graduate tuition and the remaining $150 for the graduation fees.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$500
Undergraduate2018 - 2019$710

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend LMC. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $152 and for undergraduate courses, it stands at $204. At present, Lees-McRae College also offers various online programs to students across as many as 23 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$11,078$11,078
Other Expense$5,294$7,654
Book & Supplies$550$550

Moving on to the housing and related expenses at Lees-McRae College, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $16,421 per year, whereas, the cost for off-campus lodging is $18,221 a year. Moreover, the candidates will have to pay about $11,216 a year toward room and boarding charges. On the other hand, the charges toward books and supplies come to around $550. The other expenses that students should plan for come to around $5,205 for on-campus candidates and $7,005 for the candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$11,078

Off Campus

$11,078

Housing & Other Expenses

Other Expenses

On Campus

$5,294

Off Campus

$7,654

Housing & Other Expenses

Book & Supplies

On Campus

$550

Off Campus

$550

Moving on to the housing and related expenses at Lees-McRae College, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $16,421 per year, whereas, the cost for off-campus lodging is $18,221 a year. Moreover, the candidates will have to pay about $11,216 a year toward room and boarding charges. On the other hand, the charges toward books and supplies come to around $550. The other expenses that students should plan for come to around $5,205 for on-campus candidates and $7,005 for the candidates who live off-campus.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Bachelors $18,810 $330

Lees-McRae College offers 5 online programs across 5 Majors.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Lees-McRae College is around $223,048 as per official data. To note, the total expenses for undergraduate students stood at $22,357 for 2018-2019, $22,356 for 2017-2018, and $21,832 for 2016-2017.

Explore Programs by Major

NursingEducationCriminal JusticeHuman ServicesBusiness Management

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