by our College Data Analytics TeamThis overview lays out the cost of attending Luther Rice College & Seminary, including attendance costs, projected four- and two-year degree costs, average net price, debt outcomes, and how aid is distributed across income levels.
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The full cost of attending Luther Rice College & Seminary is about $11,544.00 annually.
The three scenarios below move from the full sticker price, to the net price after average aid, to the net price low-income students typically pay.
| Tuition and fees | $11,320.00 |
| + Room, board & other expenses | $224.00 |
| Total cost | $11,544.00 |
| That is 65% below the national average net price. |
| Total cost | $11,544.00 |
| − Grants and scholarships | −$3,797.00 |
| Net price | $7,747.00 |
| That is 76% below the national average net price. | |
| Explore each piece on tuition and fees and living costs. |
Costs have trended upward in recent years by around 7.6% a year, so a full degree will cost more than a single year — the tables below carry that forward. These tables carry the cost across a degree for three cases: low-income w/ aid, average aid, and no aid. Loan math assumes ten-year repayment at 6.8% interest.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 7.6% | 7.6% | 7.6% |
| Freshman year | $8,335.00 | $8,335.00 | $12,421.00 |
| Senior year | $10,383.00 | $10,383.00 | $15,472.00 |
| Total 4-year net price | $37,337.00 | $37,337.00 | $55,636.00 |
| 10-year loan interest @ 6.8% | $14,224.00 | $14,224.00 | $21,195.00 |
| Total monthly payment | $430.00 | $430.00 | $640.00 |
| Total amount paid | $51,560.00 | $51,560.00 | $76,832.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 7.6% | 7.6% | 7.6% |
| Freshman year | $8,335.00 | $8,335.00 | $12,421.00 |
| Senior year | $8,969.00 | $8,969.00 | $13,364.00 |
| Total 2-year net price | $17,304.00 | $17,304.00 | $25,785.00 |
| 10-year loan interest @ 6.8% | $6,592.00 | $6,592.00 | $9,823.00 |
| Total monthly payment | $199.00 | $199.00 | $297.00 |
| Total amount paid | $23,896.00 | $23,896.00 | $35,608.00 |
See the full net-price breakdown in the net-price section.
The net price figure shows the cost after grants and scholarships are deducted. This is the more honest cost figure for most families, since it accounts for institutional and federal aid.
| Average net price (on-campus) | $27,883.00 |
| Average net price (off-campus) | $13,039.00 |
Net price is not the same for every family — it falls as financial need rises and grant aid increases. Below, average net price is broken out by family income:
| Family income | Average net price |
|---|---|
| Under $30,000 | $6,232.00 |
| $30,000 to $48,000 | $3,073.00 |
| $48,001 to $75,000 | $2,500.00 |
Use Luther Rice College & Seminary Net Price Calculator, or visit the financial aid office.
Want to know how that aid is awarded? See the financial aid page.
The typical debt load for borrowers leaving Luther Rice College & Seminary works out to $16,094.00, placing the school in the Low ($10-20k) burden category.
The percentile spread of debt at graduation is shown below:
| Percentile | Debt at graduation |
|---|---|
| 10th | $3,440.00 |
| 25th | $7,000.00 |
| Median (50th) | $16,094.00 |
| 75th | $34,129.00 |
| 90th | $50,000.00 |
How far apart the 10th and 90th percentiles sit tells you how uneven debt outcomes are.
Read the complete debt breakdown on the student loan debt page.
Median debt at graduation differs meaningfully across income brackets. Below the data splits borrowers across three income groups:
| Family income | Median debt at graduation |
|---|---|
| Low income | $17,435.00 |
| Middle income | $17,919.00 |
| High income | $11,334.00 |
Graduates from lower-income families carry $6,101.00 more debt than their high-income peers.
Debt at graduation often differs for first-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $15,316.00 |
| Continuing-generation students | $16,439.00 |
The Pell Grant is the main federal need-based award for undergraduates. Contrasting Pell and non-Pell borrowers shows how need shapes debt.
The Pell vs non-Pell debt gap at Luther Rice College & Seminary comes to $7,537.00. This institution is flagged by federal data for Pell-debt inequity.
The default-rate classification at Luther Rice College & Seminary is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 5.3% |
To give some context for these rates, Stafford loans disbursed at Luther Rice College & Seminary total $105,784,740.00 across 2,585 student borrowers.
Veterans and active-duty service members may qualify for substantial federal education benefits including the GI Bill and Tuition Assistance from the Department of Defense.
| GI Bill recipients | 21 |
| Avg GI Bill amount | $4,587.00 |
| DoD Tuition Assistance recipients | 3 |
| Avg DoD Tuition Assistance | $2,500.00 |
Read more about military and veteran aid on the college veterans page.
The figures above are a starting point — as you weigh Luther Rice College & Seminary, consider the following:
Each page below covers one part of paying for college in more detail:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.