Student Billing and Financial Aid Information included in this section: • Cost • FAFSA • Billing dates • Online payment • Refunds • Financial aid packets
Cost Tuition Costs for Lees-McRae Online Learning | 2015-2016 Item
Fall
Spring
Full Year
Lees-McRae Tuition (All online learning students are charged the same tuition rate as main campus students and are then awarded a generous gift aid package of $17,950 per year.)
$12,077
$12,077
$24,154
ECOL Student Fee
$150
$150
$300
ECOL Flat-Rate Textbook Fee
$295
$295
$590
Gift Aid (Institutional, State and Federal Aid, if applicable)
-$9,327
-$9,327
-$18,654
Final Out-of-Pocket Tuition Costs
$3,195
$3,195
$ 6,390
FAFSA All online learning students must complete a FAFSA (Free Application for Federal Student Aid) to determine any federal or state need-based aid eligibility, including Federal Direct Loans. Please file the 2015-2016 FAFSA using your 2014 Federal Income Tax Returns and W-2s. Make sure you include the Lees-McRae school code of 002939. You must file a renewal FAFSA each academic year.
To apply for financial aid at Lees-McRae College: • Submit a completed admissions application to the Admissions Office. Applicants must be accepted as a degree seeking student before aid will be awarded. • Complete a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov (Include the Lees-McRae College School code of 002939). The application should be submitted as soon after January 1 as possible and by April 15 for priority consideration. • You must re-file the FAFSA each academic year. • Approximately 30% of all FAFSA filers are randomly selected for a process called verification. This process requires that additional information be submitted to the LeesMcRae College Office of Financial Aid and the use of the IRS Data Retrieval tool.
Billing Dates and Online Payment 2015-2016 Tuition Due Dates Fall Semester | Due August 7, 2015 Spring Semester | Due December 22, 2015 For more information about tuition payments or to pay your bill online, please visit lmc.edu/tuitionpayments
Refunds Tuition, Room and Board Fees If written notification of a decision not to enroll is received by the Student Financial Services Office prior to the first day of classes, all paid fees (exclusive of the enrollment deposit) are completely refunded. Thereafter, tuition and general fees are refunded on a prorated basis during the first four weeks of the term. Any part of a week is considered a full week. No refund will be made if a student withdraws after the fourth week. No part of the room fee is refundable. Refunds for the cost of meals are prorated upon withdrawal. Time Period % Reduction 1st Week of the Term | 80%
2nd Week of the Term | 60%
3rd Week of the Term | 40%
4th Week of the Term | 20%
5th Week of the Term | No Refund
Financial Aid Packets Upon your acceptance to Lees-McRae College and the receipt of your FAFSA data, your comprehensive financial aid package will be mailed to your home address. Traditionally, students borrow from the Direct Loan program to meet their out-of-pocket costs. Your loan eligibility and loan request information will be included in your Financial Aid Award Notification.
Student Billing and Financial Aid Cathy Shell, Director of Financial Aid 828-898-8740 | shell@lmc.edu Mary Taylor, Student Accounts Manager 828-898-8759 | taylorm@lmc.edu