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Lees-McRae College

#1254 in US ranking Banner Elk, NC
Type:
Private not-for-profit
Programs:
4 years or more

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Cost

Cost / year
$53,853
Tuition & fees
$35,390
Avg. aid
$18,588
Receiving aid
100%

Admissions

Acceptance rate
77%
Avg. SAT
1140
Avg. ACT
23

Outcomes

Graduation rate
42%
Median salary
$40,800
1 yr after graduation

What is the cost of studying for a year at Lees-McRae College?

For 2024-25, reported full-time undergraduate tuition was $30,500, with $3,350 in required fees, for both in-state and out-of-state students. The reported room-and-board charge was $16,030, and estimated books and supplies added $620. Together, those items total approximately $50,500 for an academic year before transportation, personal expenses, and any other applicable charges.

  • Tuition and required fees: $33,850.
  • Room and board: $16,030.
  • Books and supplies: $620.

That published-cost illustration is not an individual aid offer. Reported average net price - which accounts for grant and scholarship aid but can still leave costs that families finance with savings, work, or loans - varied by family income. It was $22,733 for the lowest reported income bracket, covering families earning up to $48,000. Actual charges also depend on housing, meal plan, enrollment, and program.

Financial aid can substantially change the calculation. In the reported aid data, all students in the measured group received some form of financial aid, while 59% had student loans. Eligible students may be considered for federal grants and loans, North Carolina aid where applicable, and institutional scholarships through the college's aid process. Applicants should complete the FAFSA and compare an individual aid offer with a full cost-of-attendance budget; a loan reduces the immediate bill but must generally be repaid.

What are the work-study opportunities at Lees-McRae College?

Lees-McRae students can pursue career preparation through advising, job-search support, and potential student employment. Reported career services include individual and group counseling, résumé help, interview workshops, job fairs, employer recruitment, and alumni networking. An internship is not reported as a college-wide graduation requirement, although a specific major may require field or clinical experience.

Federal Work-Study, where awarded, is a need-based aid program that lets eligible students earn wages through qualifying jobs. It is different from a grant paid directly against tuition and from an ordinary part-time job. Students considering campus employment should check their financial aid offer for Work-Study eligibility, then ask how positions are posted and whether non-Work-Study jobs are also open to applicants. Job availability, hours, and earnings should not be assumed when building a budget.

Lees-McRae College Tuition and Fees

In-state tuition & fees
$35,390
Out-of-state tuition & fees
$35,390
Tuition
$31,880
Fees
$3,510
Room and board
$16,030
Books and supplies
$620

Total Cost

Cost of attendance per year
$53,853
Tuition & fees
$35,390
Housing, food, books & other
$18,463

100% of undergraduates receive aid, $18,588 on average

Lees-McRae College Cost of Living

Yearly living expenses by where students live

On campus
$20,472
Off campus, not with family
$25,154
Off campus, with family
$5,272

Lees-McRae College Net Price by Family Income

Average yearly cost after grants, students awarded federal aid

$0–30,000
$23,030
$30,001–48,000
$22,733
$48,001–75,000
$25,905
$75,001–110,000
$28,854
Over $110,000
$33,664

Lees-McRae College Room and Board Cost

Typical room charge for academic year

$7,330

Typical board charge for academic year

$8,700

Total dormitory capacity

722

Institution provide on-campus housing

Yes

Lees-McRae College Tuition Plans

Tuition guaranteed plan

No

Prepaid tuition plan

No

Lees-McRae College Financial Aid

Undergraduate average amount

$18,588

All

$19,774

Students Receiving Financial Aid

Share of undergraduate students
100%

Lees-McRae College Grants, Loans and Debt

Students receiving Pell Grants
37%
Students with federal loans
59%
Median debt at completion
$16,500

Lees-McRae College Military and Veterans Benefits

Undergraduate average amount

$12,980

Data last updated on November 5, 2026

Data sources: IPEDS 2024-25, Peterson 2026, College Scorecard 10/2026, Clery 2024 (2023-24), OpenAlex 2026

Figures on this profile come from federal and third-party datasets in the editions listed above and are refreshed periodically, so they may differ from what the institution currently reports. Confirm costs, deadlines and requirements with the school before making decisions.

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