Financial Aid and Costs

Every college and university operates differently in an attempt to meet their own students’ needs. With this in mind, Lenoir-Rhyne College’s Financial Aid and Business Offices’ staff understand students may become confused when it comes to the options available for paying their bill. The information below has been designed to explain how our offices work with students and to serve as a reference guide to you when questions arise regarding paying your bill. If you ever have any questions, please do not hesitate to contact one of our offices. Our mailing address, phone, fax, and email information is below for you to use whenever you have a question or concern.

Financial Aid 
PO Box 7419, Hickory, NC 28603
Phone: 828-328-7304
Fax: 828-328-7039
Email: finaid@lrc.edu
Unlike Student Billing, financial aid is optional. Although 92% of our students receive some type of financial aid, you are not required to apply for or pay your bill with financial aid. If you choose to apply for financial aid to help pay your bill, you must have all your paperwork into the Office of Admissions & Financial Aid office prior to the Final Deadline for Fall Semester of September 1. All your financial aid sources for the Fall Semester will be disbursed to your Business Office account, paying your bill, at the end of September. If you need an invoice sent to a third-party source (e.g. Vocational Rehabilitation, Florida Prepaid, employer, outside scholarship fund, etc.), please contact our office prior to the start of classes. If you have any questions concerning the sources or amounts of financial that appear or don’t appear on your billing statement, please contact our office.

Business Office
PO Box 7164, Hickory, NC 28603
Phone: 828-328-7105
Fax: 828-328-7073
Email: busoffice@lrc.edu

The Business Office sends monthly billing statements to every student enrolled at Lenoir-Rhyne College. You will receive your first billing statement for the Fall Semester in July. Payment is due in full, less financial aid, by early August. Your billing statement will reflect all your expected charges, known to date. Books are an out-of-pocket expense and therefore will not be reflected on your billing statement. New information received later in the summer and after the start of classes will be reflected on a future billing statement. If you have any questions concerning the charges that appear or don’t appear on your billing statement, please call our office.  

Student Billing Payment Options 
Every student's resources and circumstances are unique, so L-R offers a few options
 that may be used in a variety of ways to hopefully meet most students' individual needs.

Option #1: 100% Financial Aid
If the Office of Admissions & Financial Aid has been able to create a financial aid package substantial enough to cover your entire bill and you have accepted it in its entirety,  you may select this option. This option releases you from the obligation to pay your bill out-of-pocket prior to the beginning of the semester. (Federal Work-Study earnings are not applied as payment on your bill. If you choose to participate in the Federal Work-Study program you will receive your earnings in the form of paycheck.)      

Option #2: Financial Aid & Out-of-Pocket
Perhaps the Office of Admissions & Financial Aid could not create a large enough financial aid package for you or maybe you choose not to use the offered loans. Therefore, now you must decide how to make up the difference between your bill and your financial aid. Take your charges from your bill and subtract your fall financial aid from your award letter. Now you know how much you must pay out-of-pocket; read the out-of-pocket choices in Option #3 to decide how to proceed.    

Option #3: 100 % Out-of-Pocket
You have a few choices with this option, but you must decide and have your bill paid in prior to the beginning of the fall semester.

Out-of-Pocket Choice A: Personal Check, Money Order, or Cashier’s Check payable to Lenoir-Rhyne College for the entire amount due for the fall semester. Be sure to include your name and student identification or social security number. Mail to Lenoir-Rhyne College, Attn: Cashier, PO Box 7164, Hickory, NC 28603. 

Out-of-Pocket Choice B: MasterCard or Visa may be used to pay your bill twenty-four hours a day, seven days a week, by phone at (828) 328-7094 or online through our secure server at https://www.lrc.edu/businessoffice/payment_form.asp

Out-of-Pocket Choice C: Tuition Management Systems is a third-party company we contract with to offer you an interest-free 10-month payment plan. There is a $65 enrollment fee. Of the three out-of-pocket choices this is the only one that does not require you to pay the entire balance due prior to the beginning of the semester. However, you are required  to  have this plan in place and have begun making your payments prior to the start of the semester. For further information or to establish your payment plan call Tuition Management Systems at (800) 722-4867 or visit their website at www.afford.com/lrc