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Private 4 Year

Goshen College Tuition & Cost

Goshen, Indiana

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How much does it cost to attend?

Sticker Price
$49,690
Costs for Goshen College
Fee Cost
Tuition$35,230
Books and Supplies$1,220
Other Fees$0
Room and Board $10,870
Other Expenses Budget$2,370

Annual Prices

The annual list price to attend Goshen College on a full time basis for 2020/2021 is $49,690 for all students regardless of their residency. This fee is comprised of $35,230 for tuition, $10,870 room and board, $1,220 for books and supplies and $0 for other fees. Out of state tuition for Goshen College is $35,230, the same as Indiana residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

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

Average Net Price 2019/2020
$17,679
Net Price by Income Goshen College
Family Income Net Price Paid
$0 to $30,000$14,156
$30,001 to $48,000$13,013
$48,001 to $75,000$17,855
$75,001 to $110,000$18,392
$110,000+$22,418

The average reported annual net price for Goshen College for students receiving grants or scholarship aid was $17,679 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

100% of full-time undergrad Goshen 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 $27,422 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 66% of students received Federal Student Loans averaging $5,143 and 3% of undergrads took out private student loans averaging $14,996.

Finanical Aid Goshen College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $27,422 100%
Institutional Grants and Scholarships $21,950 100%
Pell Grants $4,835 44%
Other Federal Grants $1,347 43%
State and Local Grants $7,680 36%
Federal Student Loans $5,143 66%
Other Student Loans $14,996 3%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Goshen College, we've modeled a ten year student loan with an original principal value of $75,040. The loan balance of $75,040 is a four year multiple of the $18,760 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 $716 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 $75,040
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $715.96
Total Interest Paid $10,875.72
Sum of All Loan Payments $85,915.72

Projected 4 Year Degree Price

4 Year Sticker Price
$198,760
Year All Residents
1 $49,690
2 $51,083
3 $52,514
4 $53,986

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Goshen College to be $198,760 - assuming graduation in normal time. The estimation assumes a 2.8% 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 Goshen College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,450 $4,350 $5,800

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

Tuition Payment Plans Available

Goshen 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=150668 IPEDS survey data for Goshen College.