How much does it cost to go to Luther Rice?
On this page you'll get a better understanding of what college costs you'll actually have to pay out of pocket, which can vary widely based on where you live and your income level.
Why is Net Price Important?
Few students will pay the full advertised sticker price of Luther Rice. The Net Price is an estimate of how much the average student actually pays to attend college for one year.
To calculate this number we take the total cost of attendance of Luther Rice College & Seminary including tuition, fees, room, board and other expenses. Then we subtract out the average amount of aid awarded per student.
Undergraduate Net Price Unknown
We wanted to talk about the net price for all undergraduates (not just freshmen), but that information was not available for Luther Rice College & Seminary.
Breakdown of College Costs for Freshmen
Grant and scholarship aid was given to 67% of freshman students.
The average amount awarded was $3,717.
When subtracted from the total cost to attend Luther Rice and live off campus, the average annual net price for freshmen receiving aid was $20,763.
The following table explores the likelihood that you too will receive some common price-reducing aid, based on percentages.
|Net Price by Aid Group||On Campus||Off Campus||At Home|
|3 Total Freshmen|
|1 (33%) did not receive any grants or scholarships.||N/A||$24,480||$9,280|
|2 (67%) split a total of $7,434 for an average of $3,717 each||N/A||$20,763||$5,563|
The above refers to grants and scholarships from the college and/or the state, federal or local governments. Other sources of grant aid such as private scholarships are not included.
Net College Cost Based on Income Level
Family income can have a large impact on the amount of aid you receive, and thus, your net price.
We were hoping to give examples of that here, but unfortunately, the information for Luther Rice College & Seminary was not available.
What is Title IV?
How Much are Prices Increasing for Freshmen?
Over a period of six years, the average net price paid by all freshmen at Luther Rice College & Seminary has increased by an average of 3.2% per year.
Comparing Luther Rice Net Price to All Schools
An overall average net price of $20,763 puts Luther Rice College & Seminary on par with the national average of $21,955.
Financial Aid Packages Vary From Year to Year
Many schools offer more aid to first year students (freshmen) than they do to other undergraduates. Is that the case with this school?