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#9 Best Private Colleges in Texas

LeTourneau University Tuition & Cost

Longview, Texas

 1 Reviews

How much does it cost to attend?

Sticker Price
$45,566
Costs for LeTourneau University
Fee Cost
Tuition$30,520
Books and Supplies$1,612
Other Fees$750
Room and Board $9,970
Other Expenses Budget$2,714

Annual Prices

The annual list price to attend LeTourneau University on a full time basis for 2018/2019 is $45,566 for all students regardless of their residency. This fee is comprised of $30,520 for tuition, $9,970 room and board, $1,612 for books and supplies and $750 for other fees. Out of state tuition for LeTourneau University is $30,520, the same as Texas residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

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

Average Net Price 2018/2019
$24,609
Net Price by Income LeTourneau University
Family Income Net Price Paid
$0 to $30,000$20,897
$30,001 to $48,000$17,824
$48,001 to $75,000$22,358
$75,001 to $110,000$24,550
$110,000+$27,059

The average reported annual net price for LeTourneau University for students receiving grants or scholarship aid was $24,609 in 2018/2019. 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 LeTourneau 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 $18,974 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 63% of students received Federal Student Loans averaging $5,661 and 12% of undergrads took out private student loans averaging $15,562.

Finanical Aid LeTourneau University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $18,974 100%
Institutional Grants and Scholarships $16,407 98%
Pell Grants $4,589 32%
Other Federal Grants $1,000 21%
State and Local Grants $3,815 31%
Federal Student Loans $5,661 63%
Other Student Loans $15,562 12%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to LeTourneau University, we've modeled a ten year student loan with an original principal value of $85,872. The loan balance of $85,872 is a four year multiple of the $21,468 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 $819 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 $85,872
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $819.31
Total Interest Paid $12,445.63
Sum of All Loan Payments $98,317.63

Projected 4 Year Degree Price

4 Year Sticker Price
$182,264
Year All Residents
1 $45,566
2 $46,992
3 $48,463
4 $49,980

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at LeTourneau University to be $182,264 - assuming graduation in normal time. The estimation assumes a 3.1% 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 LeTourneau University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $555 $1,665 $2,220

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

Tuition Payment Plans Available

LeTourneau 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=226231 IPEDS survey data for LeTourneau University.