Lees-McRae College
Banner Elk, NC 28604
About Lees-McRae College
Lees-McRae College is a private university in Banner Elk, North Carolina, enrolling about 873 students. Admission is moderately selective for first-time degree-seeking undergraduates reporting admissions data to the Education Department. The acceptance rate is about 76.78% in the latest College Scorecard admissions data. Median earnings about ten years after entry reach about $43,415 among students who received federal aid.
Key findings
- Lees-McRae College charges 13% above the national private non-profit median tuition ($33,250).
- Versus the North Carolina median, sticker tuition is about 4.8×.
- Completion within 150% of normal time is 42.08%.
- Median earnings 10 years after entry are $43,415.
Research findings
Finding
Modeled return on investment at Lees-McRae College is strong.
Estimated ROI reaches about 283% using Scorecard cost and 10-year earnings fields in this extract.
Interpretation: On this institution-wide model, typical graduate earnings over a decade substantially exceed estimated net education cost.
Limitation: ROI is institution-wide and not program-specific; individual outcomes vary by major, aid package, and labor market.
Cost benchmarks
| Benchmark | Median Tuition | Median Net Price | Count |
|---|---|---|---|
| Lees-McRae College | $33,250 | $28,340 | 1 |
| Private Non-profit (national median) | $29,325 | — | 1,444 |
| North Carolina (state median) | $6,906 | $6,820 | 133 |
| United States (national median) | $11,900 | $17,156 | — |
Compares this campus to school-type, state, and locale medians plus a U.S. national median (College Scorecard–derived). Locale groups campuses by NCES locale type; state tuition is the median published tuition among campuses in that state.
Average net price is 15% below published tuition at Lees-McRae College
Key findings
- Lees-McRae College's average net price ($28,340) is 15% below published tuition ($33,250).
- Lees-McRae College charges 13% above the national private non-profit median tuition ($33,250).
- Versus the North Carolina median, sticker tuition is about 4.8×.
Lees-McRae College tuition
Published undergraduate tuition $33,250
Finding Lees-McRae College charges 13% above the national private non-profit median tuition.
Evidence Published tuition is $33,250. That is 13% above the national private non-profit median ($29,325). Versus the North Carolina median ($6,906), sticker tuition is about 4.8×. Versus the U.S. median ($11,900), sticker is about 2.8×.
Method Sticker tuition compared with Scorecard-derived medians by ownership, state, locale, and national rollups when available.
Interpretation Published tuition measures sticker price relative to private non-profit and geographic peers; it does not equal what undergraduates typically pay after aid.
Limitation Sticker comparisons omit room, board, and institutional aid; average net price and income-band net prices are the stronger signals of typical family cost.
Evidence: published tuition at Lees-McRae College versus school-type, state, locale, and U.S. medians.
Evidence: average net price at Lees-McRae College versus state, locale, and U.S. medians.
What undergraduates typically pay
Finding Average net price at Lees-McRae College is $28,340.
Evidence College Scorecard average net price is $28,340 (cost of attendance minus average grant aid for aided undergraduates). That is about $21,520 above the North Carolina median net price.
Method Average net price from College Scorecard; compared with state, locale, and U.S. medians from EDsmart aggregates.
Interpretation Average net price is a stronger institutional cost signal than published tuition because it incorporates grant aid.
Limitation The campus average masks large differences by household income; income-band net prices can diverge sharply from the overall average.
Key takeaway Lees-McRae College’s published tuition substantially overstates typical undergraduate cost: average net price is about 15% lower after grants and scholarships.
Lees-McRae College: research record
Canonical EDsmart Data findings for Lees-McRae College—costs, outcomes, admissions, and programs—with evidence and methodology notes.
Research findings
Interpretation
The combination of completion and 10-year earnings is a multidimensional outcomes signal; it does not measure educational quality by itself.
Financial profile
Annual tuition
$33,250
Avg. net price
$28,340
Net price by family income
| Income bracket | Avg. annual net price |
|---|---|
| $0–$30,000 | $23,030 |
| $30,001–$48,000 | $22,733 |
| $48,001–$75,000 | $25,905 |
| $75,001–$110,000 | $28,854 |
| $110,001+ | $33,664 |
Sticker tuition × four years (estimate, no room/board): $133,000. See cost investigation.
Student outcomes
Share of first-year students returning the following fall.
Graduation rate and 10-year earnings are in the hero strip above; see Graduates for more.
What Lees-McRae College is known for
Top program completions
- Wildlife Biology43
- Criminal Justice/Law Enforcement Administration30
- Public Administration and Social Service20
- Business Administration and Management, General20
- Elementary Education and Teaching18
See earnings & programs for more.
Admissions landscape
- Broad access — most applicants are admitted.
- Yield: 14% of admitted students enrolled.
- Midpoint ACT: 23
See Admissions for the full funnel.
Is Lees-McRae College a good school?
Data-framed fit—not a prestige rating.
Lees-McRae College is a good school for those looking for strong completion alongside solid mid-career earnings.
EDsmart Data does not assign an opinion score; this framing summarizes the strongest Scorecard signals for this campus.
More from the data
Location, control, enrollment, and aid context for Lees-McRae College.
Campus
Location
Banner Elk, NC
City / state
- ZIP
- 28604
Control
Institution type
Private Non-profit
Control
- Region
- Southeast
- Carnegie
- Special Focus Four-Year: Faith-Related Institutions
Size
Enrollment
873
Total enrollment
- Undergraduate
- 918
- Graduate
- 37
- Full-time share
- 98%
Student aid
Debt & aid
$17,375
Median federal loan debt
- Pell grant share
- 37.29%
Total Cost, Aid & Default
Total Cost of Attendance
Tuition vs average net price after aid for Lees-McRae College.
Financial Aid by Income Level
Financial aid distribution by income level.
Student Loan Default Rate
The published 3-year cohort default rate for borrowers at Lees-McRae College was 0.00%.
Cohort default rates account for borrowers who default in the first three years.
Tuition tracker
Published tuition and average net price by reporting year come from the College Scorecard institution file. Values are not adjusted for inflation; missing cells mean the field was not reported or was suppressed for Lees-McRae College in that year.
Reporting years in the table below: 2013–2023 (Scorecard labels refer to the institutional submission cycle).
| Year | In-state tuition & fees | Out-of-state tuition & fees | Average net price |
|---|---|---|---|
| 2013 | $24,150 | $24,150 | $21,833 |
| 2014 | $24,150 | $24,150 | $20,279 |
| 2015 | $25,404 | $25,404 | $22,202 |
| 2016 | $25,648 | $25,648 | $22,409 |
| 2017 | $25,878 | $25,878 | $17,065 |
| 2018 | $25,878 | $25,878 | $21,232 |
| 2019 | $26,625 | $26,625 | $21,024 |
| 2020 | $27,390 | $27,390 | $23,347 |
| 2021 | $28,290 | $28,290 | $25,495 |
| 2022 | $28,840 | $28,840 | $22,577 |
| 2023 | $31,140 | $31,140 | $25,765 |
Sticker tuition and net price over time
Where the institution reported separate in-state and out-of-state tuition, both appear. Gaps mean the value was not reported for that year.
College Scorecard reporting-year fields (not inflation-adjusted).
Net price by family income
Brackets follow Scorecard definitions for the series shown (public vs private institution).
Latest income-band net prices available in the processed extract.
How difficult is it to get in?
Acceptance Rate
This institution has a moderate acceptance rate, accepting most qualified applicants.
Applicants → admits → first-time enrollment from College Scorecard / IPEDS. Bar widths are scaled for readability at highly selective schools.
Test Scores
Midpoint 23 (middle 50% not reported)
Scores for enrollees who submitted tests (College Scorecard).
Academic Requirements
GPA requirements are not published by this institution. Contact the admissions office for specific academic requirements.
Estimated GPA range is not available for this institution.
Enrollment & Student Demographics
Lees-McRae College reported total enrollment of about 873 students in the latest College Scorecard extract. The student body is about 33% male and 67% female. Enrollment by race and ethnicity includes White (56.5%), Race/ethnicity unknown (23.4%), and Black or African American (6.9%). About 37.29% of undergraduates receive Pell Grants. Roughly 40.1% of students are first-generation college students.
Full-Time vs Part-Time Enrollment
97.9% Full-Time Enrollment
The total enrollment at Lees-McRae College in 2024 is 873 students.
Undergraduate enrollment is about 918 students. Graduate enrollment is about 37 students.
Full-time vs part-time enrollment comparison.
Retention Rate over Time
68.8%
2024 Retention Rate
Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall.
Retention rate over time compared to similar institutions.
Enrollment by Race & Ethnicity
Largest share of total enrollment in our College Scorecard extract.
College Scorecard student demographics (total enrollment shares).
Do students complete their programs?
Time to Complete
37.10% 100% Completion Time
42.08% 150% Completion Time
In 2024, 37.10% of students graduating from Lees-McRae College completed their program within 100% "normal time".
Completion rates over time compared to similar institutions.
Completions by Sex (Top Programs)
- Wildlife Biology: 26% male / 74% female
- Criminal Justice/Law Enforcement Administration: 37% male / 63% female
- Public Administration and Social Service: 5% male / 95% female
IPEDS completions by sex for the five largest programs (aggregate CIPs excluded).
Completions by Race & Ethnicity
Largest group by summed IPEDS award counts across reported programs.
Summed across program completion records in our extract.
Lees-McRae College graduates earn a median of $43,415 ten years after entry
Finding Earnings, debt, and program mix define the financial profile of Lees-McRae College.
Evidence Median earnings 10 years after entry: $43,415. Median federal loan debt: $17,375. Average net price used in cost models: $28,340.
Method College Scorecard median earnings (10-year), median debt, and EDsmart ROI / payback models using campus net price.
Interpretation Institution-wide ROI and debt ratios summarize campus averages; program choice still drives individual outcomes.
Limitation Salary reflects median earnings ten years after entry; ROI is not program-specific.
Key takeaway Lees-McRae College graduates report median earnings of $43,415 ten years after entry—an institution-wide outcomes signal, not a program guarantee.
Return on Investment
Debt and 4-year net cost vs. cumulative 10-year median earnings for Lees-McRae College.
Top Programs by Completions
Largest 10 programs by IPEDS completions (20 reported codes; aggregate/unknown CIP buckets excluded).
IPEDS award counts for the largest programs at Lees-McRae College.
Employment Outcomes
Median earnings 6, 8, and 10 years after entry for Lees-McRae College graduates.
How financially powerful is this institution?
Finding: federal finance and Scorecard instructional fields for Lees-McRae College—endowment assets (fiscal year 2023), instructional staffing and expenditure. Compared with state, regional, and U.S. medians from EDsmart Data institutional financials.
Institutional endowment
$34.8M
End-of-year assets · Fiscal year 2023
- North Carolina median 2.9× the median ($12M)
- Southeast median 1.8× the median ($19.4M)
- U.S. median 1.3× the median ($26.4M)
- North Carolina median 5.0× the median ($8,184)
- Southeast median 4.4× the median ($9,308)
- U.S. median 3.4× the median ($12,100)
Instructional Resources
- Full-time faculty share: 50.0%
- North Carolina median 0.9 pp above median (49.1%)
- Southeast median 9.4 pp below median (59.4%)
- U.S. median 8.0 pp below median (58.0%)
- Average faculty salary (monthly): $6,116
- North Carolina median 0.93× the median ($6,566)
- Southeast median 0.90× the median ($6,825)
- U.S. median 0.80× the median ($7,615)
- Instructional expenditure per FTE: $7,880
- North Carolina median near the median ($8,093)
- Southeast median 1.2× the median ($6,602)
- U.S. median 1.1× the median ($7,288)
Instructional metrics from College Scorecard. Peer medians are campus-level; see the institutional financials deep dive. Detailed non-instructional staff counts are not included here.
Lees-McRae College at a glance
Lees-McRae College
Lees-McRae College is a private non-profit institution in Banner Elk, NC, classified as Special Focus Four-Year: Faith-Related Institutions.
- Largest programs (IPEDS awards)
- Wildlife BiologyCriminal Justice/Law Enforcement AdministrationPublic Administration and Social Service
- Largest enrollment groups
- White or Caucasian56.5%Race/ethnicity unknown23.4%Black or African American6.9%
Schools near Lees-McRae College
Other campuses in Banner Elk, NC when available, plus nearby institutions in North Carolina.
Similar schools
Peers matched by the same EDsmart outcomes grade (Grade D) within North Carolina, then by similar ownership and admissions.
Frequently Asked Questions
Where is Lees-McRae College located?
Lees-McRae College is located in Banner Elk, NC.
What is Lees-McRae College's acceptance rate?
The acceptance rate at Lees-McRae College is 76.8% among first-time degree-seeking students reporting admissions data. IPEDS reports 1,787 applicants and 1,443 admits in the latest admissions cycle in our extract.
What is Lees-McRae College's tuition?
Lees-McRae College tuition (published undergraduate sticker price) is $33,250 in the latest College Scorecard data. Average net price after grant aid is $28,340 for undergraduates receiving Title IV aid.
How much does Lees-McRae College cost?
Reported tuition is $33,250 and average net price is $28,340 in the latest College Scorecard data. On-campus room and board is estimated at $15,200 annually.
Why is Lees-McRae College's net price so much lower than tuition?
At Lees-McRae College, published tuition is $33,250 while average net price is $28,340—about 15% lower. Average net price subtracts grant and scholarship aid from cost of attendance for undergraduates receiving Title IV aid (College Scorecard). Institutional aid therefore compresses sticker price into a lower typical undergraduate cost signal. The campus average still masks large differences by household income; income-band net prices can diverge sharply from the overall average. EDsmart Data treats the sticker–net gap as an analytical finding, not advice about individual aid offers.
What explains Lees-McRae College's return on investment in EDsmart Data?
EDsmart Data models ROI using campus average net price ($28,340), completion (42.1% within 150% of normal time where reported), and median earnings ten years after entry ($43,415). High completion and strong mid-career earnings relative to net cost raise modeled ROI; the estimate is institution-wide and not program-specific. Debt-to-earnings ratios, when available, further contextualize borrowing pressure. Limitations include suppressed fields, program mix, and labor-market variation over time.
What is the student body demographics at Lees-McRae College?
Lees-McRae College reports undergraduate enrollment of about 918 students, White (56.5%), Race/ethnicity unknown (23.4%) in federal College Scorecard data.
How many first-generation students attend Lees-McRae College?
About 40.1% of students at Lees-McRae College are first-generation college students.
What test scores do students need for Lees-McRae College?
Among enrolled students who submitted scores, Lees-McRae College reports midpoint ACT about 23.
What do graduates of Lees-McRae College earn?
Median earnings are $41,599 six years after entry and $43,415 ten years after entry.
What is the graduation rate at Lees-McRae College?
The 150%-time completion rate is 42.1% for the cohort reported to the College Scorecard.
How much debt do Lees-McRae College students have?
Median federal loan debt among completers is $17,375.
Data Sources
This page uses data from the following sources:
- College Scorecard - U.S. Department of Education
- Institutional characteristics, costs, completion rates, and earnings data
- Data years: 2015-2024
- Source: collegescorecard.ed.gov
- Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
- Employment and wage data by occupation
- Latest data: May 2024
- Source: bls.gov/oes
- O*NET Online - U.S. Department of Labor
- Occupational skills, knowledge, abilities, and work activities
- Database version: 28.0 (August 2023)
- Source: onetcenter.org
- IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
- Institutional data, completions, enrollment, and financial aid
- Data years: 2015-2024
- Source: nces.ed.gov/ipeds
- Census Bureau American Community Survey (ACS)
- Demographic and workforce data
- Latest data: 2023 ACS 5-Year Estimates
- Source: census.gov/acs
- Related geography & profiles
Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.
Last Updated: Data reflects the most recent available information as of January 2025.
Methodology & Data Scope
This profile uses institution-level fields from the U.S. Department of Education College Scorecard, merged with IPEDS directory attributes where needed for locale, ownership, and program completions.
Benchmark rows compare this campus to NCES locale-type medians (for example Suburban) from our processed location extract. Implied U.S. medians are derived from locale-vs-national percentage fields in that extract—not a separate national Scorecard table.