The College prefers that all payments be made via our electronic system. Through this system, you can pay by e-check, MasterCard, VISA, Discover and American Express.
PLEASE NOTE: An Electronic Payment Service Fee of 2.38% for all credit/debit card transactions and $1.00 for all E-check/ACH transactions will apply.
Checks or money orders can be mailed to the following address:
Attention: Cashier, Business Affairs Office
PO Box 128
Banner Elk, NC 28604
Cash, checks or money orders are accepted in person at the Business Affairs Office Monday-Friday from 8 a.m.-5 p.m.
Enrollment in the College constitutes a contract binding the student and parents for the stated charges for the semester.
This arrangement is necessary because the College contracts for faculty and other supporting commitments for the entire year based upon the enrollment at the beginning of the fall semester.
A refund policy has been adopted to partially reimburse students for unexpected withdrawals and also permit the College to maintain its contractual commitments.
Tuition, Room and Board Fees
If written notification of a decision not to enroll is received by the Student Financial Services Office prior to the first day of classes, all paid fees (exclusive of the enrollment deposit) are completely refunded. Thereafter, tuition and general fees are refunded on a prorated basis during the first four weeks of the term. Any part of a week is considered a full week. No refund will be made if a student withdraws after the fourth week. No part of the room fee is refundable. Refunds for the cost of meals are prorated upon withdrawal.
Time Period % Reduction
1st Week of the Term: 80%
2nd Week of the Term: 60%
3rd Week of the Term: 40%
4th Week of the Term: 20%
5th Week of the Term: No Refund
Students receiving Federal (Title IV) financial assistance will have refunds processed according to federal regulations governing student aid programs.
Lees-McRae College offers students and families the convenience of paying their semester expenses on a monthly basis as an alternative to traditional lump sum payments. This service is provided through Higher Education Services, Inc. (HES).
Please contact us at firstname.lastname@example.org or 828.898.8759 during normal business hours (8 a.m. until 5 p.m., Monday-Friday).