R
Public 2 Year

Rich Mountain Community College Tuition & Cost

Mena, Arkansas

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How much does it cost to attend?

In District Arkansas Resident Sticker Price
$15,878
In District Costs for Rich Mountain Community College
Fee Cost
Tuition$1,992
Books and Supplies$750
Other Fees$1,080
Estimated Off Campus Cost of Living $5,000
Other Expenses Budget$7,056
In State Arkansas Resident Sticker Price
$16,214
In State Costs for Rich Mountain Community College
Fee Cost
Tuition$2,328
Books and Supplies$750
Other Fees$1,080
Estimated Off Campus Cost of Living $5,000
Other Expenses Budget$7,056

In district Arkansas residents should budget an annual total cost of $15,878 to attend Rich Mountain Community College on a full time basis. This fee is comprised of $1,992 for tuition, $5,000 off-campus housing, $750 for books and supplies and $1,080 for other fees.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Rich Mountain Community College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$5,096
Net Price by Income Rich Mountain Community College
Family Income Net Price Paid
$0 to $30,000$4,348
$30,001 to $48,000$4,873
$48,001 to $75,000$5,819
$75,001 to $110,000n/a
$110,000+n/a

The average reported annual net price for Rich Mountain Community College for students receiving grants or scholarship aid was $5,096 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

97% of full-time undergrad Rich Mountain Community 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 $6,154 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 0% of students received Federal Student Loans averaging $0.

Finanical Aid Rich Mountain Community College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $6,154 97%
Institutional Grants and Scholarships $1,358 44%
Pell Grants $5,552 84%
Other Federal Grants $450 13%
State and Local Grants $1,384 47%
Federal Student Loans $0 0%
Other Student Loans $0 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Rich Mountain Community College, we've modeled a ten year student loan with an original principal value of $5,884. The loan balance of $5,884 is a two year multiple of the $2,942 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 $56 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 2.75%.

Example Loan $5,884
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $56.14
Total Interest Paid $852.78
Sum of All Loan Payments $6,736.78

Projected 2 Year Degree Price

2 Year Sticker Price
$32,428
Year Arkansas Residents Non Residents
1 $16,214 $16,454
2 $16,761 $17,009

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Rich Mountain Community College to be $32,428 - assuming graduation in normal time. The estimation assumes a 3.4% annual increase over the next 2 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Rich Mountain Community College
Price Per Credit 3 Credit Class 4 Credit Class
In District Residents $83 $249 $332
Arkansas Residents $97 $291 $388
Out of State Residents $107 $321 $428

Estimated cost for a class at Rich Mountain Community 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 Rich Mountain Community College versus other colleges.

Tuition Payment Plans Available

Rich Mountain Community College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=107743 IPEDS survey data for Rich Mountain Community College.