Spring Hill College - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

How much does it cost to attend?

Sticker Price

$37,004

Costs for Spring Hill College
Fee	Cost
Tuition	$21,100
Books and Supplies	$1,750
Other Fees	$0
Room and Board	$11,440
Other Expenses Budget	$2,714

Annual Tuition & Costs

The annual tuition to attend Spring Hill College is $21,100. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $11,440. For educational materials, students should allocate approximately $1,750 for books and supplies plus $0 for other fees charged by the school. Finally, students should budget $2,714 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Spring Hill College on a full-time basis is $37,004 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The average reported annual net price for Spring Hill College for students receiving grants or scholarship aid was $23,067 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending Spring Hill College, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

$23,067

Net Price by Income Spring Hill College
Family Income	Net Price Paid
$0 to $30,000	$26,138
$30,001 to $48,000	$24,536
$48,001 to $75,000	$17,400
$75,001 to $110,000	n/a
$110,000+	n/a

Financial Aid

100% of full-time undergrad Spring Hill College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $32,986 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 90% of students received Federal Student Loans averaging $9,462 and 5% of undergrads took out private student loans averaging $12,527.

Finanical Aid Spring Hill College
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$32,986	100%
Institutional Grants and Scholarships	$30,262	100%
Pell Grants	$5,444	36%
Other Federal Grants	$688	25%
State and Local Grants	$1,405	43%
Federal Student Loans	$9,462	90%
Other Student Loans	$12,527	5%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Spring Hill College, we've modeled a ten year student loan with an original principal value of $72,604. The loan balance of $72,604 is a four year multiple of the $18,151 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $770 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.99%.


Example Loan	$72,604
Stafford Loan Interest Rate	4.99%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$769.72
Total Interest Paid	$19,762.79
Sum of All Loan Payments	$92,366.79

Projected 4 Year Degree Price

4 Year Sticker Price

$148,016

Year	All Residents
1	$37,004
2	$39,594
3	$42,366
4	$45,331

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Spring Hill College to be $148,016 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Spring Hill College
	Price Per Credit	3 Credit Class	4 Credit Class
All Residents	$734	$2,202	$2,936

Estimated cost for a class at Spring Hill College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Spring Hill College versus other colleges.