Financial Information

Financial Aid for Graduate Students

For the most current information regarding Financial Aid for graduate students please visit our website at https://www.lr.edu/admission/undergraduate/financial-aid or contact the Office of Financial Aid at 828.328.7300/800.277.5721.

Tuition and Fees - All Campuses (Non-LTSS)

Tuition

Tuition and Fees - Lutheran Theological Southern Seminary

Tuition

Housing (Open to ALL Columbia Students)

Full Time on Campus

Health Insurance

Domestic Student Health Insurance is not available through Lenoir-Rhyne. International Student Health Insurance rates are as follows:

Other Fees

Students will be assessed other fees for the services indicated below:

Course Fees: some courses have additional course fees to cover additional expenses. Course fees are noted in the course description for each individual course and/or on the course syllabus received at the beginning of each course.

Payments and Refunds

Statements provided to students and/or parents prior to the beginning of the semester will reflect charges, credits, deposits, and a pro-rated portion of financial aid known at the time the statement was generated. Balances on accounts unpaid after the due dates listed on the statements are subject to finance charges that accrue every 30 days at a rate of 1.5% per month. Accounts that are past due may be turned over to a collection agency at which time additional fees may be incurred. The charge for returned checks is $25.

Any students who have a prior unpaid balance on their account at the time of registration will not be permitted to register for new courses, receive copies of transcripts or their diplomas, live in a residence hall, or receive meals in the university cafeteria.

Deposits are credited to the first payment in a session. Students who do not matriculate or who withdraw within the first two weeks of a semester forfeit their deposit. Room charges are not refunded and board charge refunds are pro-rated on a weekly basis. Tuition charges are refunded based on the following:

Withdrawal from classes: Course charges are based on the student’s registration as of the end of the Add/Drop period. No refunds will be given for course withdrawals after the end of the Add/Drop period except in the case where the student officially withdraws from the University.

Withdrawal from University: Students who withdraw from the University must be removed from all courses by completing forms with the Office of Student Success and Retention.

The return of Financial Aid is based on the official withdrawal date - the date in which the student initiated withdrawal from the university with the Office of Student Success and Retention. A fair and equitable refund will be calculated according to the University Refund Policy as follows:

Tuition Adjustment for Fall & Spring Semesters

Tuition Adjustment for Summer Semester

*Note: for Maymester refund schedule, please contact the Office of Student Accounts.

Prior to a refund check being issued to a student who withdraws, the University must first determine if any of the Title IV Financial Aid Programs need to be repaid. According to federal guidelines, the amount of refund due to the financial aid programs must be repaid before a refund check will be given to the student. Lenoir-Rhyne reserves the right to modify the refund policy to comply with federal, state, and other regulatory bodies.

Refunds to Title IV Financial Aid Programs are distributed in the following order:

Unsubsidized Federal Stafford Loan
Subsidized Federal Stafford Loan
Other federal aid programs.

Withdrawal after the mid-point of the semester is granted only under extraordinary circumstances. Extraordinary circumstances may include death in the immediate family, severe illness of student, severe financial hardship due to loss of employment, or unforeseen major property loss. Supporting documentation will be required.

Return of Military Tuition Assistance

Military Tuition Assistance (TA) is awarded to a student under the assumption that the student will remain enrolled for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of TA funds originally awarded.

As such, and to comply with the Department of Defense policies and regulations, Lenoir-Rhyne University will return any unearned TA funds on a prorate basis through at least the 60% portion of the period for which the funds were provided. TA funds are earned proportionally during an enrollment period, with unearned funds returned based upon when a student stops attending. These funds are returned to the military Service branch.

Instances when a Service member stops attending due to a military service obligation, Lenoir-Rhyne University will work with the affected Service member to identify solutions that will not result in student debt for the returned portion.

Payment Plans

The University recognizes the substantial burden of paying for and financing higher education. In order to assist students and parents with this issue, the University offers a variety of payment plans that will assist students and parents in paying for tuition over the number of weeks within a particular semester. Payment plan options may be reviewed through the student’s myLR account by reviewing the “Make a Payment” screen. If you are interested in this service you can learn more by contacting (828) 328-7105.

Adjustments to Charges

Lenoir-Rhyne University reserves the right to adjust any and all charges at any time and to modify refund policies in order to maintain compliance with federal, state, and other regulatory bodies. In general, the university adjusts tuition and fees on an annual basis.