University of Lynchburg
4 Year Degrees
Main Campus
Southeast Region
http://www.lynchburg.edu/
Average Annual Tuition at University of Lynchburg
The latest data we have for University of Lynchburg's annual average net costs are from 2021. These costs and and the average Virginia 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 | |
|---|---|---|---|---|
| University of Lynchburg | $34,500 | $34,500 | $27,000 | $23,134 |
As you can see, annual costs at University of Lynchburg 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 Virginia as well. Virginia's' higher education costs rose by 55.7% in just the last 10 years, ranking as the 10th highest state.
University of Lynchburg Financial Assistance
63% of students enrolled at University of Lynchburg receive some form of Federal loan assistance. You can view University of Lynchburg'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 there are monetary penalties imposed when withdrawn for other uses.
Virginia operates a multi-manager, direct-sold 529 college savings program (Invest529) and an advisor-sold 529 plan (CollegeAmerica) utilizing American Funds. Both Virginia 529 plans are available to residents of any state. Virginia's prepaid tuition program (Prepaid529) closed to new enrollment as of April 30, 2019. The CollegeWealth program offered through Union Bank & Trust was closed during the first quarter of 2017.
| State Plan Name: | Virginia529 inVEST |
|---|---|
| Minimum Contribution: | $25 |
| Maximum Contribution: | The value across Virginia529 accounts can’t exceed $500,000 per beneficiary. |
| Fees: | 0% to 0.67% asset management fee, depending on the type of account; 0.10% administrative fee; Virginia 529 may impose a $50 for paper applications, a $25 fee for account cancellation and a $25 fee for rollover or change of account owner. |
Virginia School Statistics
We've analyzed all other higher education schools in VA, and wrapped it up nicely into a report for you. View our VA analysis report.
There are 58 other accredited private schools located in the state of Virginia. You can view all VA schools here.