Luther Rice College & Seminary

Luther Rice College & Seminary is a private school located in Lithonia, GA

Average Annual Tuition at Luther Rice College & Seminary

The latest data we have for Luther Rice College & Seminary's annual average net costs are from 2018. These costs and and the average Georgia schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.

In-state Tuition Out-of-state Tuition Median Debt Avgerate Net Cost
Luther Rice College & Seminary $7,616 $7,616 $29,875 $6,717
GA Average $23,966 $23,966 $25,294 $22,671

As you can see, annual costs at Luther Rice College & Seminary have risen over the last few years, and are projected to continue to skyrocket based on our analysis.

Actual Costs      Projected Costs

Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.

These rising costs are hitting closer to home in Georgia as well. Georgia's' higher education costs rose by 74.7% in just the last 10 years, ranking as the 4th highest state.

Luther Rice College & Seminary Financial Assistance

58% of students enrolled at Luther Rice College & Seminary receive some form of Federal loan assistance. You can view Luther Rice College & Seminary's student aid calculator here.

Use a 529 Plan to Offset Rising Education Costs

One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.

The Georgia Path2College 529 plan is managed by TIAA-CREF Tuition Financing, Inc., and offers two age-based options, two static options, and a guaranteed option.

State Plan Name:Path2College 529 Plan
Minimum Contribution:$25
Maximum Contribution:up to $235,000 across accounts per beneficiary
Fees:Asset management fees range from 0.06% to 0.08%.

Georgia School Statistics

Georgia

We've analyzed all other higher education schools in GA, and wrapped it up nicely into a report for you. View our GA analysis report.

There are 45 other accredited private schools located in the state of Georgia. You can view all GA schools here.