Lees-McRae College

In 2022, Lees Mcrae College's tuition was $28,790 a year.

Tuition increased 8.68% in 2023–from $26,490 the prior year. Usually, college tuition rises about 3% year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts kick in. And, student loans can make the amount you do have to pay for college feel more doable until after graduation.

Lees-McRae College meets 73% of the demonstrated financial need for undergraduates. First-year students that attend Lees-McRae College full-time are awarded $24,111 a year in financial aid, on average.

In-state vs. Out-of-state Tuition at Lees-McRae College

Lees-McRae College is a private, religious institution, which means it has the same tuition for students from North Carolina as it does for students who live in other states.

Public schools receive funds from the state to help them cover costs. 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 residency can cut the cost of college tuition. Be sure to verify your state's guidelines for how to qualify 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 additional requirements as well, depending on where you live.

Explore other North Carolina colleges

Lees-McRae College International Student Tuition

Lees-McRae College has the same tuition for international students as for those from out of state.

Students from outside of the U.S. are not eligible for federal financial aid, but should research private or school-specific aid and scholarships. International students who demonstrate financial need may qualify 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.

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Lees-McRae College Housing Expenses, Fees, and More

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In addition to the cost of tuition, 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 Lees-McRae College.

House and Food Costs at Lees-McRae College

Housing and campus dining at Lees-McRae College costs $12,200 a year. This number includes the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat in the school dining facilities.

Meal-plan costs can depend on how many meals are included in the plan you choose.

How Much Do Books Cost at Lees-McRae College?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

There may be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges offer ways for students who may struggle to participate because of cost can get help covering these fees.

The Cost of Transportation at Lees-McRae College

The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? 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 factors can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.

The location of a college or university can also have a big effect on transportation costs. 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 can be expensive, but cities may offer more trains, busses and low-cost flight options to actually get to school. Lees-McRae Collegeis located in a rural area in North Carolina.

Other Costs

When you're planning for college, be sure to take into account the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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Financial Breakdown for Lees-McRae College

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Now, let’s look at the breakdown of all expenses, to get a better idea of the actual cost of attending Lees-McRae College.

Total Cost of Lees-McRae College

What will the cost of attending Lees-McRae College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$28,790
Room and Board	$12,200
Other expenses	$2,500

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$45,840
Off-Campus	$34,390

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

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Lees-McRae College Financial Aid

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The majority of Lees-McRae College undergrads use financial aid to finance their education. In 2023, 644 of the 864 undergrads enrolled received financial aid. Lees-McRae College meets 73% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $24,111 a year.

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.

Scholarships at Lees-McRae College

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 2023, Lees-McRae College awarded 644 need-based scholarships to students, giving away total of $11.4 million to help students with financial need cover the cost of school.

Lees-McRae College Net Cost

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 $24,111 in 2023. 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
On-Campus	$21,729
Off-Campus	$10,279

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 make more informed decisions about 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.

Lees-McRae College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Lees-McRae College does not have guaranteed tuition.

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.

Lees Mcrae College Tuition Waivers

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges 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.

Lees-McRae College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Lees-McRae College's endowment was $31.1 million. The average college endowment was $905 million in 2021. The school spends $7,463 for each full-time student enrolled.

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Learn More About Lees-McRae College

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