Lipscomb University

In 2022, tuition for full-time students at Lipscomb was $34,304 a year.

Tuition was the same price in 2023 compare to the year before. On average, college tuition goes up about 3% every year.

Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay much less than the sticker price after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make theprice of collegemore manageable until after graduation.

Lipscomb University meets 72.5% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Lipscomb University is around $30,986 a year.

The average student debt for graduates in the class of 2023 was around $29,126 per student, not including those with no debt.

Lipscomb University: In-state vs. Out-of-State Tuition

Lipscomb University is a private, religious institution, so it has the same tuition for students from Tennessee 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 tuition can cut the cost of college tuition. Be sure to verify your state's rules for in-state tuition. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria too, depending on where you live.

Explore other Tennessee colleges

Lipscomb University International Student Tuition

Lipscomb University has the same tuition for international students as for those from out of state.

International students are not eligible for loans or grants from the U.S. government, but may be eligible for private or Lipscomb University-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at Lipscomb University:

•On-campus jobs •Athletic Awards •Lipscomb University-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Lipscomb University Room, Board, Fees, and More

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In addition to tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Lipscomb University.

Room and Board Costs at Lipscomb University

Room and board at Lipscomb University is $14,036 a year. This covers the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat in the school dining facilities. Students who live off campus but would like to be able to eat in the campus dining can opt-in for a meal plan. The cost of board-only is $10,500.

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

How Much Do Books Cost at Lipscomb University?

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 textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

There may be other costs associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer resources for students who may struggle to participate because of cost can find ways to lower or eliminate these costs.

The Cost of Transportation at Lipscomb University

The total cost of getting around in college depends on a few key factors. 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 small enough that you can easily walk from class-to-class?? 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 Lipscomb University, freshman are allowed to park on campus.

Where are a college is located can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in an urban area may be expensive, but cities may offer more buses, trains and low-cost flight options to actually get to school. The Lipscomb University campus is in a suburb in Tennessee.

Other Costs

When budgeting for college, don’t forget to consider the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Financial Breakdown for Lipscomb University

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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 Lipscomb University.

Total Cost of Lipscomb University

What will the cost of attending Lipscomb University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$34,304
Room and Board	$14,036
Board Only	$1,500
Other expenses	$2,000

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

Total Estimated Costs
On-Campus	$54,688
Off-Campus	$42,152

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.

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Lipscomb University Financial Aid

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The majority of Lipscomb University undergrads use financial aid to finance their education. In 2023, 1,744 of the 2,952 undergrads enrolled received financial aid. Lipscomb University meets 72.5% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $30,986 a year. Around 48.81% of Lipscomb University undergrads take out student loans to cover any remaining costs. Lipscomb University graduates who have student loans graduate with an average of $29,126 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$21,094
Private Loans	$36,376

Most Common Loans for Lipscomb University Students
Federal Loans	47.94%
Private loans	11.28%

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 Lipscomb University financial aid, keep reading, or visit their financial aid website.

Scholarships at Lipscomb University

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, Lipscomb University awarded 1,730 need-based scholarships to students, giving away total of $43.6 million to help students with financial need cover the cost of school. An additional $19.79 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Lipscomb University 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 Lipscomb 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 Lipscomb University was $30,986 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lipscomb University seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$23,702
Off-Campus	$11,166

What will attending Lipscomb 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 Lipscomb University's net cost calculator on their website.

Lipscomb University Tuition Payment Plans

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

Lipscomb University does not have guaranteed tuition.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Lipscomb Tuition Waivers

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

Check the financial aid website for more information on payment plans and tuition waivers.

Lipscomb University'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 Lipscomb University's endowment was $79.1 million. The average college endowment was $905 million in 2021. For each full-time student, Lipscomb University spends about $11,368 a year.

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Learn More About Lipscomb University

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