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#1 Best Value in Iowa

Grinnell Tuition & Cost

Grinnell, Iowa

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How much does it cost to attend?

Sticker Price
$70,746
Costs for Grinnell College
Fee Cost
Tuition$53,872
Books and Supplies$900
Other Fees$482
Room and Board $13,292
Other Expenses Budget$2,200

Annual Prices

The annual list price to attend Grinnell College on a full time basis for 2018/2019 is $70,746 for all students regardless of their residency. This fee is comprised of $53,872 for tuition, $13,292 room and board, $900 for books and supplies and $482 for other fees. Out of state tuition for Grinnell College is $53,872, the same as Iowa 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 Grinnell College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$29,404
Net Price by Income Grinnell College
Family Income Net Price Paid
$0 to $30,000$11,945
$30,001 to $48,000$14,818
$48,001 to $75,000$12,486
$75,001 to $110,000$22,085
$110,000+$35,934

The average reported annual net price for Grinnell College for students receiving grants or scholarship aid was $29,404 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 Grinnell 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 $38,498 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 39% of students received Federal Student Loans averaging $3,607 and 14% of undergrads took out private student loans averaging $6,430.

Finanical Aid Grinnell College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $38,498 87%
Institutional Grants and Scholarships $36,905 87%
Pell Grants $4,669 22%
Other Federal Grants $4,000 5%
State and Local Grants $5,851 4%
Federal Student Loans $3,607 39%
Other Student Loans $6,430 14%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Grinnell College, we've modeled a ten year student loan with an original principal value of $87,420. The loan balance of $87,420 is a four year multiple of the $21,855 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 $834 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 $87,420
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $834.08
Total Interest Paid $12,669.99
Sum of All Loan Payments $100,089.99

Projected 4 Year Degree Price

4 Year Sticker Price
$282,984
Year All Residents
1 $70,746
2 $73,454
3 $76,266
4 $79,186

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Grinnell College to be $282,984 - assuming graduation in normal time. The estimation assumes a 3.8% 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 Grinnell College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,684 $5,052 $6,736

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

Tuition Payment Plans Available

Grinnell 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=153384 IPEDS survey data for Grinnell College.