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#5 Best Private Colleges in Tennessee

Lipscomb Tuition & Cost

Nashville, Tennessee

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How much does it cost to attend?

Sticker Price

$55,228
Costs for Lipscomb University
Fee Cost
Tuition$33,012
Books and Supplies$1,500
Other Fees$2,740
Room and Board $13,976
Other Expenses Budget$4,000

Annual Tuition & Costs

The annual tuition to attend Lipscomb University is $33,012. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $13,976. For educational materials, students should allocate approximately $1,500 for books and supplies plus $2,740 for other fees charged by the school. Finally, students should budget $4,000 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Lipscomb University on a full-time basis is $55,228 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The average reported annual net price for Lipscomb University for students receiving grants or scholarship aid was $26,421 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending Lipscomb University, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

$26,421
Net Price by Income Lipscomb University
Family Income Net Price Paid
$0 to $30,000$21,459
$30,001 to $48,000$21,843
$48,001 to $75,000$23,076
$75,001 to $110,000$27,840
$110,000+$28,522
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Financial Aid

99% of full-time undergrad Lipscomb 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 $23,095 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 45% of students received Federal Student Loans averaging $5,218 and 5% of undergrads took out private student loans averaging $16,289.

Finanical Aid Lipscomb University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $23,095 99%
Institutional Grants and Scholarships $20,266 99%
Pell Grants $4,405 21%
Other Federal Grants $2,250 6%
State and Local Grants $3,835 45%
Federal Student Loans $5,218 45%
Other Student Loans $16,289 5%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Lipscomb University, we've modeled a ten year student loan with an original principal value of $80,960. The loan balance of $80,960 is a four year multiple of the $20,240 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 $858 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 4.99%.

Example Loan $80,960
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $858.31
Total Interest Paid $22,037.29
Sum of All Loan Payments $102,997.29

Projected 4 Year Degree Price

4 Year Sticker Price

$220,912
Year All Residents
1 $55,228
2 $57,455
3 $59,773
4 $62,183

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Lipscomb University to be $220,912 - assuming graduation in normal time. The estimation assumes a 4% 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 Lipscomb University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,376 $4,128 $5,504

Estimated cost for a class at Lipscomb 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 Lipscomb University versus other colleges.

Tuition Payment Plans Available

Lipscomb University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Costs for Similar Colleges 

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Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=219976 IPEDS survey data for Lipscomb University.