#8 Best Private Colleges in Tennessee

Lincoln Memorial University Tuition & Cost

Harrogate, Tennessee

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How much does it cost to attend?

Sticker Price
Costs for Lincoln Memorial University
Fee Cost
Books and Supplies$1,400
Other Fees$450
Room and Board $8,500
Other Expenses Budget$5,500

Annual Prices

The annual list price to attend Lincoln Memorial University on a full time basis for 2020/2021 is $38,890 for all students regardless of their residency. This fee is comprised of $23,040 for tuition, $8,500 room and board, $1,400 for books and supplies and $450 for other fees. Out of state tuition for Lincoln Memorial University is $23,040, the same as Tennessee 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 Lincoln Memorial 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 Lincoln Memorial University
Family Income Net Price Paid
$0 to $30,000$10,724
$30,001 to $48,000$13,965
$48,001 to $75,000$14,856
$75,001 to $110,000$15,079

The average reported annual net price for Lincoln Memorial University for students receiving grants or scholarship aid was $22,251 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

93% of full-time undergrad Lincoln Memorial 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 $15,609 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 38% of students received Federal Student Loans averaging $6,421 and 2% of undergrads took out private student loans averaging $11,404.

Finanical Aid Lincoln Memorial University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $15,609 93%
Institutional Grants and Scholarships $16,590 66%
Pell Grants $4,562 28%
Other Federal Grants $1,377 19%
State and Local Grants $5,309 38%
Federal Student Loans $6,421 38%
Other Student Loans $11,404 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Lincoln Memorial University, we've modeled a ten year student loan with an original principal value of $51,056. The loan balance of $51,056 is a four year multiple of the $12,764 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 $487 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 $51,056
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $487.13
Total Interest Paid $7,399.67
Sum of All Loan Payments $58,455.67

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $38,890
2 $40,065
3 $41,276
4 $42,523

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Lincoln Memorial University to be $155,560 - assuming graduation in normal time. The estimation assumes a 3% 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 Lincoln Memorial University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $960 $2,880 $3,840

Estimated cost for a class at Lincoln Memorial 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 Lincoln Memorial University versus other colleges.

Tuition Payment Plans Available

Lincoln Memorial 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=220631 IPEDS survey data for Lincoln Memorial University.