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National Application Center :: campus tours :: Lees-McRae College costs & financial aid

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Lees-McRae College

Lees-McRae College
P.O. Box 128
Banner Elk, NC 28604

Official telephone: (828) 898-5241
Toll-free telephone: (800) 280-4562
Fax number: (828) 898-8814
Website: www.lmc.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Cathy Shell,
Director of Financial Aid
Contacting the office: 828 898-8793
800 280-4562, extension 8793 (toll free)
828 898-8814 (fax)
FAFSA number: 002939

EXPENSES
Undergraduate tuition: $24,878; $24,878 out-of-state
Combined room and board expenses: $10,392

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAApril 15yesN/A
State Aid FormApril 15yesN/A

Date award notification begins: March 1
Applied for financial aid:
92% of first-year students
89% of full-time undergraduates
80% of part-time undergraduates
Determined to have financial need:
92% of first-year students
95% of full-time undergraduates
100% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
75% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
86% of first-year students
84% of full-time undergraduates
100% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
100% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
100% of first-year students
100% of full-time undergraduates
0% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
2% of first-year students
1% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
71% for first-year students
71% for full-time undergraduates
42% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$23,560 for first-year students
$23,930 for full-time undergraduates
$3,427 for part-time undergraduates
Average need-based gift award:
$9,993 for first-year students
$8,645 for full-time undergraduates
$1,327 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$3,800 for first-year students
$4,788 for full-time undergraduates
$2,088 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,500 for first-year students
$4,557 for full-time undergraduates
$1,821 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
12% of first-year students
10% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$7,783 for first-year students
$11,154 for full-time undergraduates
Students who received a non-need-based athletic award:
29% of first-year students
22% of full-time undergraduates
Average non-need-based athletic award:
$7,794 for first-year students
$7,561 for full-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
  • State Loans
Types of payment plans:
  • Academic Management Services (AMS)
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • athletic scholarships

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