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#3 Best Private Colleges in Georgia

Spelman Tuition & Cost

Atlanta, Georgia

 1 Reviews

How much does it cost to attend?

Sticker Price
$54,310
Costs for Spelman College
Fee Cost
Tuition$25,942
Books and Supplies$3,000
Other Fees$4,030
Room and Board $14,338
Other Expenses Budget$7,000

Annual Prices

The annual list price to attend Spelman College on a full time basis for 2018/2019 is $54,310 for all students regardless of their residency. This fee is comprised of $25,942 for tuition, $14,338 room and board, $3,000 for books and supplies and $4,030 for other fees. Out of state tuition for Spelman College is $25,942, the same as Georgia residents.

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 Spelman College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$43,042
Net Price by Income Spelman College
Family Income Net Price Paid
$0 to $30,000$40,517
$30,001 to $48,000$41,714
$48,001 to $75,000$42,805
$75,001 to $110,000$43,655
$110,000+$48,016

The average reported annual net price for Spelman College for students receiving grants or scholarship aid was $43,042 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

87% of full-time undergrad Spelman 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 $9,831 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 82% of students received Federal Student Loans averaging $5,767 and 6% of undergrads took out private student loans averaging $17,223.

Finanical Aid Spelman College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $9,831 87%
Institutional Grants and Scholarships $8,856 57%
Pell Grants $4,984 46%
Other Federal Grants $2,263 7%
State and Local Grants $4,654 23%
Federal Student Loans $5,767 82%
Other Student Loans $17,223 6%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Spelman College, we've modeled a ten year student loan with an original principal value of $110,592. The loan balance of $110,592 is a four year multiple of the $27,648 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 $1,055 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 $110,592
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,055.17
Total Interest Paid $16,028.36
Sum of All Loan Payments $126,620.36

Projected 4 Year Degree Price

4 Year Sticker Price
$217,240
Year All Residents
1 $54,310
2 $56,224
3 $58,206
4 $60,258

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Spelman College to be $217,240 - assuming graduation in normal time. The estimation assumes a 3.5% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Spelman College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,070 $3,210 $4,280

Estimated cost for a class at Spelman 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 Spelman College versus other colleges.

Tuition Payment Plans Available

Spelman 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=141060 IPEDS survey data for Spelman College.