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Lithonia, Georgia

Luther Rice University Tuition & Cost

How much does it cost to attend?

Sticker Price
$24,480
Costs for Luther Rice University
Fee Cost
Tuition$6,480
Books and Supplies$456
Other Fees$760
Estimated Off Campus Cost of Living $15,200
Other Expenses Budget$1,584

Annual Prices

The annual list price to attend Luther Rice University on a full time basis for 2017/2018 is $24,480 for all students regardless of their residency. This fee is comprised of $6,480 for tuition, $15,200 room and board, $456 for books and supplies and $760 for other fees. Out of state tuition for Luther Rice University is $6,480, the same as Georgia residents.

All price data is sourced from the 2017/2018 U.S. Department of Education National Center for Education Statistics survey.

Sponsored by Cappex

Net Price

Net price is indicative of what it actually costs to attend Luther Rice University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$18,019
Net Price by Income Luther Rice University
Family Income Net Price Paid
$0 to $30,000$0
$30,001 to $48,000$17,312
$48,001 to $75,000n/a
$75,001 to $110,000n/a
$110,000+n/a

The average reported annual net price for Luther Rice University for students receiving grants or scholarship aid was $18,019 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

Finanical Aid Luther Rice University
Type Avg./Student Students Receiving
Annual Total Grant Aid $3,717 67%
Pell Grant $4,324 33%
Federal Student Loan $0 0%

The average reported annual net price for Luther Rice University for students receiving grants or scholarship aid was $18,019 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Luther Rice University, we've modeled a ten year student loan with an original principal value of $53,220. The loan balance of $53,220 is a four year multiple of the $13,305 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $556 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.7%.

Example Loan $53,220
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $555.68
Total Interest Paid $13,461.30
Sum of All Loan Payments $66,681.30

Projected 4 Year Degree Price

4 Year Sticker Price
$97,920
Year All Residents
1 $24,480
2 $25,512
3 $26,587
4 $27,708

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Luther Rice University to be $97,920 - assuming graduation in normal time. The estimation assumes a 4.2% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Luther Rice University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $270 $810 $1,080

Estimated cost for a class at Luther Rice University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Luther Rice University versus other colleges.

Tuition Payment Plans Available

Luther Rice University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=135364 IPEDS survey data for Luther Rice University.