by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Lees-McRae College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can Lees - McRae College provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Lees-McRae College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Lees-McRae College, 100% of first-time, full-time freshmen received some form of financial aid approximately 199 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $19,774 |
| Institutional grants & scholarships | 97% | $15,985 |
| Federal Pell grants | 31% | $5,987 |
| State/local grants | 25% | $6,676 |
| Federal student loans | 65% | $5,397 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Lees - McRae College, approximately 96% of undergraduates were awarded grant or scholarship aid averaging $18,588 (among about 786 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $18,588 |
| Federal Pell grants | 37% | $5,385 |
| Federal student loans | 59% | $6,051 |
For students living on campus and receiving title-IV aid, grants averaged $21,158.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,828 |
| $30,001 – $75,000 | $20,988 |
| Over $75,000 | $28,508 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,340 |
| Off-campus title-IV students | $25,765 |
For an estimate tailored to your family circumstances, see Lees - McRae College’s net price tool: www.lmc.edu/admissions/financial-aid/net-price-calculator.htm.
The median student at Lees - McRae College graduates with $12,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $17,375 |
| Typical 10-year monthly payment (graduates) | $184.2/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Lees - McRae College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,750 |
| 75th percentile | $21,000 |
| 90th percentile (highest-debt students) | $27,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $11,000 |
| Middle income | $12,500 |
| High income | $12,875 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $13,254 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,357 |
| Independent students | $11,000 |
A handful of calculated indicators summarize the debt outlook at Lees - McRae College.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Lees - McRae College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4728 |
| Total Stafford loan amount | $71,676,770 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 16 |
| Total GI Bill amount | $207,675 |
| Average GI Bill amount per recipient | $12,980 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $2,500 |
| Average DoD amount per recipient | $2,500 |
References
More about our data sources and methodologies.