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Annual Costs

Undergraduate Tuition

Lakes Region Community College tuition is $6,720 per year for in-state residents. This is 90% more expensive than the national average public two year tuition of $3,532. The cost is 19% cheaper than the average New Hampshire tuition of $8,248 for 2 year colleges. Tuition ranks 5th in New Hampshire amongst 2 year colleges for affordability and is the 5th most expensive 2 year college in the state. If attending from out-of-state, the tuition is $15,296 which represents a 128% premium.

The school charges an additional fees of $252 in addition to tuition bringing the total effective in-state tuition to $6,972.

Housing Costs

Lakes Region Community College doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Laconia area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $10,825.

Books and Supplies

The estimated annual cost for books and supplies is $1,400.

Other Living Expenses

Off-campus students should budget for $4,959 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state New Hampshire residents to go to Lakes Region Community College is $24,156 for the 2017/2018 academic year. Out-of-state students who don't have New Hampshire residence can expect a one year cost of $32,732. Students residing at home with parents providing food and housing should budget a total cost of $13,331.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Lakes Region Community College and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Lakes Region Community College
Estimated Budgets
New Hampshire Resident Total Budget (Living Off Campus)$24,156
   In-State Tuition$6,720
   Other Fees$252
   Off-Campus Housing Budget$10,825
   Off-Campus Other Budget$4,959
   Books and Supplies$1,400
New Hampshire Resident Total Budget (Living with Parents)$13,331
   In-State Tuition$6,720
   Other Fees$252
   Family Provided Room and Board$0
   With-Family Other Living Budget$4,959
   Books and Supplies$1,400

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $24,156 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Lakes Region Community College net price for in-state students is $15,137* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

54% of Lakes Region Community College students received grant aid in 2014/2015. The average total aid amount was $4,977. 54 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,475. To apply for a Pell Grant to attend Lakes Region Community College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Lakes Region Community College
Financial Aid Summary
Average Annual Net Price$15,137*
Percent of Students Receiving Grant Aid54%
Average Total Grant Aid$4,977
Percent of Students Receiving Pell Grants54%
Average Amount of Pell Grant Aid$4,475

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$15,399
$30,001 to $48,000$19,504
$48,001 to $75,000$19,849
$75,001 to $110,000$19,347
$110,000+$19,849

Average Financial Aid Mix - $24,156 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $24,156. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

26%
28%
46%

Grants and Scholarships

 26% - $4,977

Money granted to you by the U.S. Department of Education, Lakes Region Community College or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 28% - $5,339

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 46% -  $8,881

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Tuition Comparison to Similar Community Colleges in the Region

School Cost vs. Lakes Region Community College
NHTI Concord's Community College0% less expensive
Manchester Community College0% less expensive
River Valley Community College0% less expensive
Great Bay Community College0% less expensive
York County Community College58.9% less expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Lakes Region Community College.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at Lakes Region Community College is $48,312 for students graduating in normal time. This methodology for estimating the 2 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $14,070 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $28,140**

**Based on a 2 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Lakes Region Community College.

New Hampshire Resident Tuition Per Semester$3,360
New Hampshire Resident Total Cost Per Semester$12,078
Non-New Hampshire Resident Tuition Per Semester$7,648
Non-New Hampshire Resident Total Cost Per Semester$16,366

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Lakes Region Community College are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Lakes Region Community College
Price per credit hour for New Hampshire residents$210
Cost for one class for New Hampshire residents (3 credit hours)$630
Price per credit hour for out of state residents$478
Cost for one class for out of state residents (3 credit hours)$1,434
Cost for one class for out of state residents (4 credit hours)$1,912

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 75% of Lakes Region Community College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,339.

Example Loan Payments and Costs

How much are student loan payments for Lakes Region Community College? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $28,140, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $34,915.29. This could be your effective total out of pocket cost of an education at Lakes Region Community College. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 54% of students at this school who receive financial aid and you are paying an average annual net price of $14,070. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Lakes Region Community College student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Lakes Region Community College Student Loan Payments
Example Payments
Monthly Loan Payment$290.96
Amount Borrowed$28,140.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$6,775.29
Sum of All Payments over 10 years$34,915.29

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Lakes Region Community College? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Lakes Region Community College, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $34,915.29 would be needed to afford a $290.96 monthly payment in the example $28,140.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Lakes Region Community College in the future? Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 2 year cost of $48,312.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Lakes Region Community College.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$31,601$63,201
Estimated Cost in 10 years for students enrolling in 2029$40,331$80,663
Estimated Cost in 15 years for students enrolling in 2034 $51,474$102,948
Estimated Cost in 18 years for students enrolling in 2037 $59,588$119,175

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Lakes Region Community College to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Fire Science/Fire-fighting Associate's Degree 47 78% costlier
Registered Nursing/Registered Nurse Associate's Degree 32 62% costlier
Liberal Arts and Sciences/Liberal Studies Associate's Degree 22 47% costlier
Electrical/Electronics Equipment Installation and Repair, General Associate's Degree 20 71% costlier
Business/Commerce, General Associate's Degree 15 48% costlier
Automobile/Automotive Mechanics Technology/Technician Associate's Degree 8 79% costlier
Graphic Design Associate's Degree 8 47% costlier
Accounting Associate's Degree 7 62% costlier
Computer and Information Sciences, General Associate's Degree 5 65% costlier
Fire Prevention and Safety Technology/Technician Associate's Degree 5 63% costlier
Human Services, General Associate's Degree 4 48% costlier
Energy Management and Systems Technology/Technician Associate's Degree 3 75% costlier
Business/Office Automation/Technology/Data Entry Associate's Degree 3 85% costlier
Culinary Arts/Chef Training Associate's Degree 3 60% costlier
Early Childhood Education and Teaching Associate's Degree 3 72% costlier
Education, General Associate's Degree 2 74% costlier
Restaurant/Food Services Management Associate's Degree 1 33% costlier
General Studies Associate's Degree 1 55% costlier
Marine Maintenance/Fitter and Ship Repair Technology/Technician Associate's Degree 1 57% costlier

Calculators

Use the calculators below to formulate a college savings plan for Lakes Region Community College or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Lakes Region Community College in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Lakes Region Community College student loan.

Prepayment Option

About Lakes Region Community College

Lakes Region Community College is a two year community college located in Laconia, New Hampshire.  Full time enrollment is 401 and part time is 620.  Lakes Region Community College has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes. Learn more about Lakes Region Community College at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
Lakes Region Community College
379 Belmont Road
Laconia, New Hampshire
3246

For Profit / Not For Profit Status

Lakes Region Community College is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

Lakes Region Community College cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=183123 IPEDS survey data.