Scholarships, Grants, and Loan Trends at Lees-McRae

Over the past 12 years (2011-2022), the average number of students who received grants aid/scholarships is 891, which is 97.82 % of all undergraduate students. 667 students which is 72.73% of undergraduate students received federal student loans and the average loan amount is $7,090.
For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 72% of students received student loans.
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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Lees-McRae College since 2011.
For that period, the average number of students who received grants aid/scholarships is 891, which is 97.82 % of all undergraduate students. 667 students which is 72.73% of undergraduate students received federal student loans and the average loan amount is $7,090.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12873 (98%)$23,329457 (51%)$3,983652 (73%)$9,396
2012-13824 (98%)$16,716410 (49%)$4,107629 (75%)$7,509
2013-14882 (99%)$17,437429 (48%)$3,989661 (74%)$7,578
2014-15934 (99%)$18,007477 (51%)$3,961727 (77%)$7,489
2015-161,028 (100%)$18,355513 (50%)$4,070821 (79%)$7,035
2016-17986 (99%)$18,492471 (48%)$4,128767 (77%)$7,122
2017-18887 (96%)$15,118474 (51%)$4,383704 (76%)$6,497
2018-19839 (87%)$17,965492 (51%)$4,473680 (70%)$6,051
2019-20848 (100%)$16,898407 (48%)$4,532578 (68%)$6,358
2020-21836 (100%)$17,200365 (44%)$4,761524 (63%)$6,936
2021-22869 (100%)$16,654360 (41%)$4,887589 (68%)$6,024
Average891 (97.82%)$17,834441 (48.36%)$4,298667 (72.73%)$7,090

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 12 years, on average, 205 (100.00 % of students) received grants or scholarships and its average amount is $17,829. It can cover 57.25% of tuition & fees ($31,140).
In addition, 148 (72.09 % of students) students get helped from the students loans (average amount : $7,583).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12206 (100%)$15,186158 (76%)$9,799
2012-13182 (100%)$15,038132 (73%)$7,090
2013-14226 (100%)$17,534172 (76%)$6,825
2014-15216 (100%)$16,613184 (85%)$7,405
2015-16197 (100%)$16,785136 (69%)$7,712
2016-17187 (100%)$19,544120 (64%)$7,922
2017-18208 (100%)$19,733156 (75%)$7,061
2018-19222 (100%)$20,044142 (64%)$7,430
2019-20174 (100%)$19,087118 (68%)$7,170
2020-21195 (100%)$18,350147 (75%)$7,651
2021-22247 (100%)$18,205167 (68%)$7,343
Average205 (100.00%)$17,829148 (72.09%)$7,583
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 84 (41.00 % of students) received Pell (federal) grants and its average amount is $4,648.
In addition, 87 students received State/local government grants/scholarships (42.36 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1296 (46%)$4,05920 (10%)$1,000120 (58%)$2,990205 (99%)$11,511
2012-1369 (38%)$4,26215 (8%)$1,20072 (40%)$4,272182 (100%)$11,633
2013-14102 (45%)$4,2809 (4%)$1,278110 (49%)$4,865226 (100%)$13,183
2014-1590 (42%)$4,49617 (8%)$1,590102 (47%)$4,262216 (100%)$12,602
2015-1694 (48%)$4,26815 (8%)$1,58993 (47%)$4,334197 (100%)$12,582
2016-1780 (43%)$5,03118 (10%)$2,05680 (43%)$4,775187 (100%)$15,151
2017-18103 (50%)$4,93014 (7%)$2,53698 (47%)$5,226208 (100%)$14,658
2018-1984 (38%)$4,99716 (7%)$2,92081 (36%)$5,164222 (100%)$16,058
2019-2057 (33%)$4,78510 (6%)$2,60061 (35%)$5,485174 (100%)$15,447
2020-2172 (37%)$4,85710 (5%)$2,35073 (37%)$5,498195 (100%)$14,378
2021-2276 (31%)$5,16015 (6%)$2,55966 (27%)$6,590247 (100%)$14,701
Average84 (41.00%)$4,64814 (7.18%)$1,97187 (42.36%)$4,860205 (99.91%)$13,809
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 12 years, on average, 148 (72.09 % of students) get any students loan help and its average loan amount is $148.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12158 (76%)$9,799158 (76%)$9,4664 (2%)$13,145
2012-13132 (73%)$7,090132 (73%)$6,32610 (5%)$10,087
2013-14172 (76%)$6,825161 (71%)$6,51211 (5%)$11,411
2014-15184 (85%)$7,405182 (84%)$6,20821 (10%)$11,078
2015-16136 (69%)$7,712133 (68%)$6,08020 (10%)$12,010
2016-17120 (64%)$7,922120 (64%)$6,20214 (7%)$14,743
2017-18156 (75%)$7,061153 (74%)$6,24815 (7%)$9,701
2018-19142 (64%)$7,430141 (64%)$5,88817 (8%)$13,226
2019-20118 (68%)$7,170118 (68%)$5,54215 (9%)$12,801
2020-21147 (75%)$7,651147 (75%)$6,66411 (6%)$13,196
2021-22167 (68%)$7,343165 (67%)$5,57622 (9%)$13,921
Average148 (72.09%)$7,583146 (71.27%)$6,42815 (7.09%)$12,302
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