Is Luther Rice College & Seminary worth it?
Lithonia, GA · private-nonprofit
Verdict
Typical students pay $27,883 a year after aid, graduate with $34,153 in federal debt, and earn $39,300 six years after enrolling — an estimated monthly loan payment of $365, with a debt break-even of about 8.7 years.
Net price / year
$27,883
Admission rate
92%
Graduation rate
—
Median debt
$34,153
Earnings (6 yr)
$39,300
Earnings (10 yr)
$47,003
Est. monthly loan payment
$365
Loan-to-income ratio
87%
Debt break-even
8.7 years
How Luther Rice College & Seminary compares
Managing the debt load
A median debt above $30,000 is a meaningful monthly commitment. Income-driven repayment plans and refinancing can lower the monthly payment shown above — compare options before you commit to a standard 10-year plan.
FAQ
How much does it cost to attend Luther Rice College & Seminary?
The federal average net price after grants and scholarships is $27,883 a year. That figure reflects what a typical student actually pays after grants and scholarships, not the sticker price.
How much debt do Luther Rice College & Seminary graduates typically carry?
Students who complete a program at Luther Rice College & Seminary leave with a median federal debt of $34,153, based on the U.S. Department of Education's College Scorecard.
What do Luther Rice College & Seminary graduates earn?
Six years after enrolling, former students report median earnings of $39,300, drawn from federal tax records aggregated by the College Scorecard.
What is the graduation rate at Luther Rice College & Seminary?
Graduation rate data is not currently published for this school.
Is Luther Rice College & Seminary worth the debt?
Based on median debt and 6-year earnings, it would take roughly 8.7 years of 10% income allocation to pay off the typical debt load — compare that against your own expected major and career path before deciding.
Source: U.S. Department of Education College Scorecard.