Cost Details
- In-State Tuition
- $10,538
- Out-of-State Tuition
- $10,538
- Average Net Price
- $3,935
- Students Receiving Financial Aid
- 49.5%
- Room & Board (Off Campus)
- $16,736
- Books & Supplies
- $1,608
- Median Debt at Graduation
- $34,153
- Estimated Monthly Loan Payment
- $362/mo
- Loan Repayment Rate
- 26.0%
- Students Taking Federal Loans
- 50.5%
- Pell Grant Recipients
- 49.5%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $6,232 |
| $30,001 – $48,000 | $3,073 |
| $48,001 – $75,000 | $2,500 |
Cost Estimator
Cost Overview
Most families pay far less than the $10,538 sticker price at this Baptist seminary. Students from families earning under $30,000 pay just $6,232 annually, while those from middle-income families ($30,000-$48,000) pay only $3,073. The average net price across all income levels sits at $3,935 per year. Over four years, total costs range from $12,292 for middle-income families to $24,928 for the lowest-income students.
Half of students take federal loans, graduating with a median debt of $34,153. That translates to monthly payments of $362 after graduation. Seminary graduates earn a median of $47,925 in their first year, making loan payments manageable at roughly 9% of gross income. The employment rate reaches 84.3% within six years. Middle-income families get the best financial deal here, paying less than many community colleges while preparing for ministry careers.
Half of students take federal loans, graduating with a median debt of $34,153. That translates to monthly payments of $362 after graduation. Seminary graduates earn a median of $47,925 in their first year, making loan payments manageable at roughly 9% of gross income. The employment rate reaches 84.3% within six years. Middle-income families get the best financial deal here, paying less than many community colleges while preparing for ministry careers.
Official Net Price Calculator
Get a personalized cost estimate from Luther Rice College & Seminary:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.