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Lees-McRae College

Banner Elk, NC·Private nonprofit·817 students
Last updated: March 22, 2026

A good fit for students who want accessible admissions and students who want small classes and close faculty access. freshman retention is below 65%. a private nonprofit school with 817 students.

81%
Accept
817
Students
$25,765
Net Price
44%
Grad Rate
$34,400
Earnings
10 yr
$12,000
Debt

About This School

Lees-McRae College is a private nonprofit institution located in Banner Elk, North Carolina with approximately 817 undergraduate students enrolled. Lees-McRae College has an open or accessible admissions process, with an acceptance rate of 81%. The average net price after financial aid is $25,765 per year. The graduation rate is 44%, and the typical graduate earns $34,400 within 10 years of enrollment.

Lees–McRae College is a private college in Banner Elk, North Carolina, United States, affiliated with the Presbyterian Church (USA). Lees–McRae College sits in the Appalachian Mountains at 3,720 feet (1,130 m) above sea level, the highest elevation of any American college or university east of the Mississippi River. It is one of the few colleges to be named after two women, Suzanna Lees and Elizabeth McRae.

The numbers tell a mixed story here: a 44% graduation rate and 62% freshman retention rate suggest that a significant portion of students don't finish, which is worth taking seriously before enrolling. On the positive side, median debt at graduation is a relatively low $12,000, and the stunning Appalachian Mountain campus at the highest elevation of any college east of the Mississippi offers a genuinely unique setting for outdoor-focused students. Worth considering if you're drawn to small-college life in the mountains and have a clear plan for staying on track — but ask hard questions about academic and financial support before committing.

Founded
1900
Setting
Distant rural

Popular Programs

Biological Sciences28%
Education10%
Health Professions8%
Business & Marketing7%
Visual & Performing Arts3%
Psychology2%
English1%
Communications0%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Brent BookwalterRoy LassiterThomas Ferebee

Source: Wikidata. Used for context only.

Admissions

SAT Scores

Average CompositeN/A

ACT Scores

Midpoint Composite23

Cost & Financial Aid

In-State Tuition
$31,140
Out-of-State Tuition
$31,140
Avg Net Price
$25,765
after aid

Financial Aid

Students receiving Pell Grants37%
Median debt at graduation$12,000

Full Cost

After Graduation

Graduation Rate
44%
within 6 years
Retention Rate
62%
freshmen returning
Earnings (10 yr)
$34,400
after enrollment
Median Debt
$12,000
at graduation

Will This School Pay Off?

Median Debt
$12,000
at graduation
Earnings (6 yr)
$32,500
after enrollment
Earnings (10 yr)
$34,400
after enrollment
Earnings-to-Debt Ratio: 2.9x

Solid return. Earnings outpace debt, though major choice matters.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White74%
Black8%
Hispanic/Latino5%
Asian2%

Source: U.S. Department of Education College Scorecard (817 undergraduates).

Contact & Location

Address

Lees-McRae College

191 Main Street

Banner Elk, NC 28604

View on Google Maps →

Other Schools in North Carolina

Browse all North Carolina schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
Trademarks

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