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Colleges / NC / Banner Elk
Lees-McRae College logo

Lees-McRae College

Private nonprofit Banner Elk, NC · Rural · Southeast · 100% data reported · Agent Insights
43%
Graduation Rate
$43,415
Earnings (10yr)
$28,340
Net Price
77%
Acceptance Rate

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Overview

Lees-McRae College in Banner Elk, NC, is best suited for students who thrive in a close-knit community and want to pursue hands-on learning in fields like Biology, Education, Business, Criminal Justice, or Psychology. With an acceptance rate of 77%, it's accessible for a broad range of applicants, particularly those looking for a supportive environment where they can engage deeply with their studies. The college's relatively small enrollment of 873 allows for strong connections between students and faculty, which can be a big plus for personal growth and academic success.

Looking at the outcomes, graduates from Lees-McRae earn around $43,415 ten years after finishing their degree. While the graduation rate stands at 43%, many students find their footing in the workforce, reflecting the school's emphasis on practical skills and real-world applications. For those who qualify, the Pell Grant rate of 37% suggests that financial aid is available to help alleviate costs, making the college a viable option for students from diverse economic backgrounds.

When it comes down to the numbers, the net price for students after financial aid comes to about $28,340, which is a significant investment but not uncommon for private colleges. The median debt load of $17,375 indicates that while borrowing is necessary for many, it remains manageable for graduates. Students who tend to thrive here are often those who appreciate a collaborative atmosphere and are ready to engage in their educational journey, setting themselves up for future success.

Rankings

How Lees-McRae Compares

Dot right of center = above national average.

NATIONAL AVGGraduation43%Earnings 10yr$43KNet Price$28KRetention69%Median Debt$17KPell Grant Rate37%

Net Price by Family Income

What families actually pay after aid, by income bracket.

$23K$0-30K$23K$30-48K$26K$48-75K$34K$110K+

The Mobility Equation

Mobility = Access x Success. How many low-income students get in, and how many reach the top 20%?

ACCESS% from bottom 20%806.4%SUCCESS% who reach top 20%386.1%MOBILITY31.13%

Cost & Financial Aid

$33,250
In-State Tuition
$33,250
Out-of-State
$28,340
Avg Net Price
$17,375
Median Debt
37%
Pell Grant Rate
59%
Federal Loan Rate

What Families Actually Pay

$23,030
Family Income $0–$30K
$22,733
Family Income $30K–$48K
$25,905
Family Income $48K–$75K
$33,664
Family Income $110K+

Graduate Outcomes

$41,599
6 Years After Entry
$44,802
8 Years
$43,415
10 Years
0.4x
Debt-to-Earnings
52%
Earning > $25K

Earnings Trajectory

$41,599 6yr $44,802 8yr $43,415 10yr

Social Mobility

Data: Raj Chetty's Mobility Report Card · 30M+ anonymized tax records

31.13%
Mobility Rate
Bottom 20% → Top 20%
386.1%
Success Rate
If bottom 20% get in
806.4%
From Bottom 20%
Share of students
$83,200
Parent Median Income

Social Capital

Data: Opportunity Insights Social Capital Atlas

1.30
Economic Connectedness
Cross-class friendships
-0.07
Friending Bias
Lower = more inclusive
6.9%
Volunteering Rate
1.00
Support Ratio
Community support

Academics & Admissions

Acceptance Rate 77%
Retention Rate 69%
ACT Midpoint 23
Full-Time Faculty 50%
Faculty Salary (mo) $6,116
Diversity Index 0.67
First-Gen Students 40%

Top Programs

Biology & Biomedical 27%
Education 11%
Business & Marketing 10%
Criminal Justice 10%
Psychology 4%
Communications 3%
Health Professions 3%
English & Literature 2%