Folsom Lake College - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

How much does it cost to attend?

In State California Resident Sticker Price

$24,508

In State Costs for Folsom Lake College
Fee	Cost
Tuition	$0
Books and Supplies	$1,124
Other Fees	$1,288
Estimated Off Campus Cost of Living	$17,254
Other Expenses Budget	$4,842

Out of State Resident Sticker Price

$33,388

Out of State Costs for Folsom Lake College
Fee	Cost
Tuition	$8,880
Books and Supplies	$1,124
Other Fees	$1,288
Estimated Off Campus Cost of Living	$17,254
Other Expenses Budget	$4,842

In-state tuition at Folsom Lake College for undergraduate students residing in California is $0. Students will also need to budget for books and supplies, which typically amount to $1,124 annually. Other administrative or academic fees are $1,288 for the year. Additionally, students should plan an estimated $4,842 for other miscellaneous expenses throughout the year. In sum, residents attending Folsom Lake College full time should expect a total annual cost of $24,508.

Undergraduate tuition at Folsom Lake College is $8,880 for out-of-state students. Additionally, out-of-state students are charged $1,124 for textbooks and educational resources, plus fees of $1,288. Students are advised to budget $4,842 for other expenses. When these costs are combined, annual out-of-state charges total $33,388. This figure is 36.2% higher than what California residents pay.

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

Net Price

The net price provides a more realistic estimate of the true cost of attending Folsom Lake 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

$7,308

Net Price by Income Folsom Lake College
Family Income	Net Price Paid
$0 to $30,000	$3,694
$30,001 to $48,000	$4,718
$48,001 to $75,000	$7,798
$75,001 to $110,000	$8,337
$110,000+	$10,426

The average reported annual net price for Folsom Lake College for students receiving grants or scholarship aid was $7,308 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

88% of full-time undergrad Folsom Lake 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 $3,009 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 2% of students received Federal Student Loans averaging $5,485.

Finanical Aid Folsom Lake College
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$3,009	88%
Institutional Grants and Scholarships	$832	1%
Pell Grants	$4,738	29%
Other Federal Grants	$594	6%
State and Local Grants	$1,415	88%
Federal Student Loans	$5,485	2%
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 Folsom Lake College, we've modeled a ten year student loan with an original principal value of $21,678. The loan balance of $21,678 is a two year multiple of the $10,839 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 $230 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	$21,678
Stafford Loan Interest Rate	4.99%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$229.82
Total Interest Paid	$5,900.75
Sum of All Loan Payments	$27,578.75

Projected 2 Year Degree Price

2 Year Sticker Price

$49,016

Year	California Residents	Non Residents
1	$24,508	$33,388
2	$26,224	$35,725

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Folsom Lake College to be $49,016 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 2 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Folsom Lake College
	Price Per Credit	3 Credit Class	4 Credit Class
California Residents	$46	$138	$184
Out of State Residents	$370	$1,110	$1,480

Estimated cost for a class at Folsom Lake 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 Folsom Lake College versus other colleges.