Private 4 Year

Lenoir-Rhyne University Tuition & Cost

Hickory, North Carolina

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How much does it cost to attend?

Sticker Price
Costs for Lenoir Rhyne University
Fee Cost
Books and Supplies$1,360
Other Fees$0
Room and Board $12,700
Other Expenses Budget$3,250

Annual Prices

The annual list price to attend Lenoir Rhyne University on a full time basis for 2020/2021 is $57,210 for all students regardless of their residency. This fee is comprised of $39,900 for tuition, $12,700 room and board, $1,360 for books and supplies and $0 for other fees. Out of state tuition for Lenoir Rhyne University is $39,900, the same as North Carolina residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

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

Average Net Price 2019/2020
Net Price by Income Lenoir Rhyne University
Family Income Net Price Paid
$0 to $30,000$16,337
$30,001 to $48,000$15,112
$48,001 to $75,000$17,738
$75,001 to $110,000$21,057

The average reported annual net price for Lenoir Rhyne University for students receiving grants or scholarship aid was $18,814 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges 

Financial Aid

100% of full-time undergrad Lenoir Rhyne University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $32,804 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 65% of students received Federal Student Loans averaging $5,303 and 6% of undergrads took out private student loans averaging $10,766.

Finanical Aid Lenoir Rhyne University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $32,804 100%
Institutional Grants and Scholarships $26,797 100%
Pell Grants $4,684 44%
Other Federal Grants $951 84%
State and Local Grants $5,577 57%
Federal Student Loans $5,303 65%
Other Student Loans $10,766 6%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Lenoir Rhyne University, we've modeled a ten year student loan with an original principal value of $71,008. The loan balance of $71,008 is a four year multiple of the $17,752 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 $677 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 2.75%.

Example Loan $71,008
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $677.49
Total Interest Paid $10,291.36
Sum of All Loan Payments $81,299.36

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $57,210
2 $59,973
3 $62,869
4 $65,904

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Lenoir Rhyne University to be $228,840 - assuming graduation in normal time. The estimation assumes a 4.8% 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 Lenoir Rhyne University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,600 $4,800 $6,400

Estimated cost for a class at Lenoir Rhyne 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 Lenoir Rhyne University versus other colleges.

Tuition Payment Plans Available

Lenoir Rhyne 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=198835 IPEDS survey data for Lenoir Rhyne University.