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Lees-McRae College

Banner Elk, NC·Private nonprofit·873 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. no major red flags in the data. a private nonprofit school with 873 students.

77%
Accept
873
Students
$28,340
Net Price
42%
Grad Rate
$34,400
Earnings
10 yr
$17,375
Debt

About This School

Lees-McRae College is a private nonprofit institution located in Banner Elk, North Carolina with approximately 873 undergraduate students enrolled. Lees-McRae College has an open or accessible admissions process, with an acceptance rate of 77%. The average net price after financial aid is $28,340 per year. The graduation rate is 42%, 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
Religious Affiliation
Mennonite
Avg Faculty Salary
$6,116

Popular Programs

Biological Sciences27%
Education11%
Business & Marketing10%
Psychology4%
Communications3%
Health Professions3%
Visual & Performing Arts1%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Brent BookwalterRoy LassiterThomas Ferebee

Source: Wikidata. Used for context only.

Admissions

Test Policy: Neither required nor recommended

SAT Scores

Average CompositeN/A

ACT Scores

Midpoint Composite23

Cost & Financial Aid

In-State Tuition
$33,250
Out-of-State Tuition
$33,250
Avg Net Price
$28,340
after aid

Net Price by Family Income

Under $30k$23,030
$30–48k$22,733
$48–75k$25,905
$75–110k$28,854
$110k+$33,664

Average annual cost after grants/scholarships, by household income. Source: U.S. Department of Education College Scorecard.

Financial Aid

Students receiving Pell Grants37%
Median debt at graduation$17,375

Full Cost

After Graduation

Graduation Rate
42%
within 6 years
Retention Rate
69%
freshmen returning
Earnings (10 yr)
$34,400
after enrollment
Median Debt
$17,375
at graduation

Earnings 6 Years After Enrollment, by Gender

Male graduates$34,900
Female graduates$31,400

Gap: 10% less for female graduates. National avg ~16%.

Will This School Pay Off?

Median Debt
$17,375
at graduation
Earnings (6 yr)
$32,500
after enrollment
Earnings (10 yr)
$34,400
after enrollment
Earnings-to-Debt Ratio: 2.0x

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

White56%
Black7%
Hispanic/Latino5%
Asian1%
Two or more races1%
American Indian/Alaska Native1%
International5%

Source: U.S. Department of Education College Scorecard (873 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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