Lincoln Memorial University
Harrogate, Tennessee · Private Nonprofit · 62.6% acceptance rate
ROI Score: 41/100 · Poor Value
Data: 2024-25 College Scorecard release
Lincoln Memorial University is a private nonprofit institution in Harrogate, Tennessee, enrolling about 1,572 undergraduates. LMU draws students to the Cumberland Gap region with a health-sciences focus anchored by one of its largest programs, Registered Nursing. The sticker tuition of $26,938 drops to a net price of roughly $20,406 on average, though families earning under $30,000 pay closer to $15,644. Despite that cost relief, LMU's overall ROI score of 41 - rated Poor Value - reflects real structural headwinds: just under half of students (49.7%) complete a credential, and median earnings six years out sit at $34,300. The payback period on total investment stretches to nearly 15 years, well above the national median for private nonprofits. Debt load is comparatively moderate at a $20,000 median, and the debt-to-earnings ratio of 0.58 is manageable for nursing graduates but problematic for students in lower-earning programs. LMU's mission serving Appalachian communities gives it purpose beyond the numbers, but prospective students should choose a high-ROI program path deliberately.
The data raises concerns about Lincoln Memorial University
These metrics fall below the thresholds most financial advisors recommend for a sound college investment. Review them carefully before committing.
- ROI Score41/100 - Poor Value tier (below 45). Most 4-year schools we track score 60 or higher.
Lincoln Memorial University
Quick Numbers
| In-state tuition + fees | $26,938/yr |
| Out-of-state tuition + fees | $26,938/yr |
| Average net price | $20,406/yr |
| Total 4-year cost (net) | $81,624 |
| Median earnings (10yr post-entry) | $49,956 |
| Median earnings (6yr post-entry) | $34,300 |
| Median debt at graduation | $20,000 |
| Estimated monthly loan payment | $212 |
| Estimated payback period | 14.8 years |
| 6-year graduation rate | 49.7% |
| Undergraduate enrollment | 1,572 |
Data as of 2024-2025. Source: College Scorecard API (U.S. Department of Education).
The Full Financial Picture
The first number you'll see is the sticker price: $26,938/year. Here's the part that matters - almost nobody pays that. After grants, scholarships, and aid, the average student here pays a net price of $20,406/year, or roughly $81,624 over four years. That's the number to plan around.
What you actually pay depends a lot on what your family earns. Families making under $30,000/year pay an average of $15,644/year here, while families earning over $110,000 pay $30,464/year.
Most students borrow to get here. The median graduate leaves owing $20,000 in federal loans, which works out to about $212 a month on the standard 10-year repayment plan. Hold that up against the $49,956 the typical graduate earns ten years out: the debt-to-earnings ratio comes to 0.58, within the range advisors call workable but worth keeping an eye on.
Net Price by Family Income
What families actually pay after grants and scholarships, by income bracket.
| Family Income | Avg Net Price/Year |
|---|---|
| $0 - $30,000 | $15,644 |
| $30,001 - $48,000 | $18,799 |
| $48,001 - $75,000 | $19,993 |
| $75,001 - $110,000 | $25,403 |
| $110,001+ | $30,464 |
Cost by Income Bracket Explained
Lower-income families (under $30K)
Families earning under $30,000 pay an average net price of $15,644 - roughly $500 below LMU's overall average. That cost compression helps, but with median earnings of $34,300 at six years and a 14.8-year payback period, low-income students are most exposed to risk if they don't complete or don't enter nursing. Maximizing Pell and institutional grants, and choosing a health-sciences track, is essential for this group.
Middle-income families ($30K-$110K)
The $30,001 - $75,000 income band pays $18,799 - $19,993 net, a modest range. The payback math still stretches to nearly 15 years at median earnings. Students in this band should use LMU's net price calculator and seek scholarships aggressively; picking nursing over lower-earning majors makes the biggest difference for long-term outcomes.
Higher-income families ($110K+)
Families above $75,000 net $25,403 - $30,464 - a significant jump. At these cost levels, LMU competes less favorably against nearby public options in Tennessee. The school is most defensible for higher-income students who have specific reasons for LMU's health-sciences mission or regional ties.
Earnings by Major
Top 3 most popular majors at Lincoln Memorial University with available earnings data.
| Major | Median Earnings | Grade |
|---|---|---|
| Registered Nursing | $79,561 | C+ |
| Kinesiology and Exercise Science | $58,231 | D |
| Teacher Education | $40,508 | - |
Earnings reflect median 4-year post-completion (or 1-year where 4-year unavailable). Grades based on debt-to-earnings ratio.
Program Analysis
Why these programs deliver their earnings outcomes.
Registered Nursing
Nursing is LMU's flagship program, graduating 104 students annually. Median first-year earnings reach $59,588 - well above the institution-wide median - climbing to $79,561 by year four. The debt-to-earnings ratio of 0.47 earns a C+ ROI grade, driven partly by $27,750 in median debt. For students committed to clinical careers in the region, this path offers the clearest path to financial sustainability on LMU's campus.
Kinesiology and Exercise Science
Kinesiology graduates 20 students per year and posts a D ROI grade, with first-year earnings of $26,830 and a 0.72 debt-to-earnings ratio. The four-year earnings outlook improves to $58,231, suggesting many graduates pursue graduate or professional training before hitting higher pay bands. Students in this program should have a concrete graduate or clinical licensure plan before committing.
Teacher Education
Teacher Education produces only five graduates per year. Four-year earnings data lands at $40,508, consistent with entry-level teaching salaries in Tennessee. No debt or ROI grade data are available for this small cohort. Students entering education should factor in Tennessee's teacher shortage incentive programs, which can offset lower early wages with loan forgiveness and state bonuses.
How Graduates Do
Earnings
Loan Repayment
| Metric | This School | Nat'l Avg |
|---|---|---|
| 1-year repayment | 65.5% | 52.0% |
| 3-year repayment | 68.9% | 62.0% |
| 5-year repayment | 64.8% | 68.0% |
| 7-year repayment | 66.0% | 72.0% |
Completion Rate
Trends Over Time
How Lincoln Memorial University’s cost and outcomes have moved across College Scorecard releases (2009-2024).
Average Net Price
Completion Rate
Median Earnings, 10 Years After Entry (as reported)
Earnings reflect borrowers measured 10 years after entry and publish on an irregular cadence with a multi-year reporting lag, so this series shows only the years the Department of Education reported - the data is never interpolated.
Source: U.S. Department of Education College Scorecard, release years shown. Net price and completion are reported annually.
Admissions Snapshot
| Acceptance rate | 62.6% |
| SAT Math (25th-75th) | 490-600 |
| SAT Reading (25th-75th) | 510-610 |
| ACT Composite (25th-75th) | 18-24 |
| Enrollment | 1,572 |
| Pell Grant recipients | 37.1% |
| Avg faculty salary (monthly) | $7,938 |
LMU admits about 63% of applicants, placing it in the moderately selective range. The middle 50% SAT sits roughly 490 - 610 in both math and reading; ACT composite runs 18 - 24. No binding early decision is required. Applicants should demonstrate clear interest in health-sciences or education programs to align with LMU's core mission.
Compared to Similar Schools
Peer institutions matched by type, size, and selectivity.
Against its peer group - Felician University, Chatham University, and Sarah Lawrence College - LMU's net price is competitive. However, peer schools generally show higher completion rates and stronger median earnings. LMU's nursing program keeps it relevant in the health-workforce pipeline, but the 49.7% graduation rate is a meaningful gap compared to peers like Chatham, which completes students at a higher rate. Students choosing LMU over in-state publics like Tennessee Tech should run a careful cost-benefit analysis.
| School | ROI | Net Price | 10yr Earnings |
|---|---|---|---|
| Lincoln Memorial University (this school) | 41 | $20,406 | $49,956 |
| Baptist Health Sciences University | 69 | $11,212 | $72,529 |
| Felician University | 40 | $40,045 | $57,602 |
| Chatham University | 39 | $29,954 | $52,410 |
| Sarah Lawrence College | 37 | $41,437 | $53,603 |
| American Baptist College | 32 | $9,216 | $41,216 |
Who Thrives Here
LMU suits motivated students from Appalachia and surrounding regions who plan to enter health care, particularly nursing, and who value a smaller, community-oriented campus. Admitted students typically score ACT 18 - 24. Students who land in nursing or allied health can expect solid returns; those drawn to kinesiology or education face tighter financial math given the 49.7% completion rate and $34,300 median earnings at six years. First-generation students should note the generous aid for the lowest income bracket.
The Verdict: The Numbers Don't Add Up
We'll be straight with you: the numbers at Lincoln Memorial University are a real concern. With a net cost of $20,406 per year and the typical graduate earning only $49,956 ten years out, the estimated payback period exceeds 14.8 years. For most students, the financial return does not justify the cost - go in with your eyes open.
What to keep an eye on: weak earnings relative to cost, its 49.7% graduation rate, concerning loan repayment rates, a long payback period.
Median debt of $20,000 against $49,956 in earnings is reasonable, though your major matters a lot here. Graduates in higher-earning fields will see the better end of this.
Lincoln Memorial University: Common Questions
Is Lincoln Memorial University worth it?
In our view, the numbers are a real concern - for most students the financial return does not justify the cost. Lincoln Memorial University scores 41/100 on our ROI scale. At $20,406 a year after aid against $49,956 in typical earnings ten years out, the estimated payback period exceeds 14.8 years.
How much does Lincoln Memorial University cost after financial aid?
The average net price - what students actually pay after grants and scholarships - is about $20,406 a year, or roughly $81,624 over four years. That is the number to plan around, not the sticker price. Actual cost varies by family income, per the U.S. Department of Education's College Scorecard.
What do Lincoln Memorial University graduates earn?
The typical graduate earns about $49,956 ten years after enrolling, roughly $8,156 a year more than the median high-school graduate ($41,800, per NCES, 2022). That earnings gap is what has to cover the cost of the degree.
How long does it take to pay off Lincoln Memorial University?
We estimate the payback period - the time it takes for the earnings bump over a high-school graduate to cover what you spent - at about 14.8 years for Lincoln Memorial University. Most four-year schools we track land between 4 and 10 years.
How much debt do Lincoln Memorial University graduates take on?
Median debt at graduation is about $20,000, against $49,956 in typical earnings a decade out. That is reasonable, though your major matters: higher-earning fields will see the better end of it.
What is the graduation rate at Lincoln Memorial University?
The six-year graduation rate is 49.7%, below the 64% national average (NCES, 2022) - and not finishing is the fastest route to a poor return. Completion is 15% of our ROI score, since a degree you don't finish rarely pays back.
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Data: College Scorecard API (U.S. Department of Education)
Vintage: 2024-2025 · Last updated: 2026-03-25
Earnings reflect median outcomes for all federal financial aid recipients. Individual results vary by major, effort, and career path.