by our College Data Analytics TeamA large number of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Lenoir-Rhyne University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Lenoir - Rhyne University deliver, and just what are you going to be eligible for? Read on for answers. Keep going to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Lenoir-Rhyne University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Lenoir-Rhyne University, 100% of first-year full-time students received aid of some kind roughly 376 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $23,467 |
| Institutional grants & scholarships | 100% | $17,880 |
| Federal Pell grants | 44% | $5,396 |
| State/local grants | 44% | $6,638 |
| Federal student loans | 59% | $5,348 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, some 88% of undergraduates were awarded an average grant or scholarship of $22,999 (across approximately 1306 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $22,999 |
| Federal Pell grants | 39% | $5,592 |
| Federal student loans | 56% | $6,463 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $23,932.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,348 |
| $30,001 – $75,000 | $21,267 |
| Over $75,000 | $27,292 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $20,689 |
| Off-campus title-IV students | $23,393 |
For a customized cost estimate, visit Lenoir - Rhyne University’s official net price calculator: lr.studentaidcalculator.com/survey.aspx.
A typical borrower at Lenoir - Rhyne University leaves with $15,750 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,750 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Lenoir - Rhyne University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $6,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,000 |
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 | $15,000 |
| Middle income | $18,750 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,104 |
| Continuing-generation students | $17,953 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,340 |
| Independent students | $20,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Lenoir - Rhyne University.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Lenoir - Rhyne University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8685 |
| Total Stafford loan amount | $212,657,559 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 23 |
| Total GI Bill amount | $378,045 |
| Average GI Bill amount per recipient | $16,437 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.