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

How much does it cost to attend?

In District Maryland Resident Sticker Price

$12,870

In District Costs for Chesapeake College
Fee	Cost
Tuition	$3,000
Books and Supplies	$1,150
Other Fees	$920
Estimated Off Campus Cost of Living	$3,600
Other Expenses Budget	$4,200

In State Maryland Resident Sticker Price

$14,502

In State Costs for Chesapeake College
Fee	Cost
Tuition	$4,632
Books and Supplies	$1,150
Other Fees	$920
Estimated Off Campus Cost of Living	$3,600
Other Expenses Budget	$4,200

In-District Tuition

The tuition for in-district Maryland residents (local residents) attending Chesapeake College is $3,000 per academic year. Students should budget $3,600 for local off-campus housing. Additionally, books and supplies typically cost $1,150 plus the school charges $920 in other fees. In total, students should budget for an annual total cost of $12,870 to attend Chesapeake College.

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

Net Price

The average reported annual net price for Chesapeake College for students receiving grants or scholarship aid was $5,346 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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

$5,346

Net Price by Income Chesapeake College
Family Income	Net Price Paid
$0 to $30,000	$3,367
$30,001 to $48,000	$4,438
$48,001 to $75,000	$5,287
$75,001 to $110,000	$6,829
$110,000+	n/a

Financial Aid

70% of full-time undergrad Chesapeake 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 $4,053 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 and 2% of undergrads took out private student loans averaging $4,325.

Finanical Aid Chesapeake College
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$4,053	70%
Institutional Grants and Scholarships	$1,003	42%
Pell Grants	$4,501	39%
Other Federal Grants	$304	31%
State and Local Grants	$1,603	35%
Federal Student Loans	$0	0%
Other Student Loans	$4,325	2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Chesapeake College, we've modeled a ten year student loan with an original principal value of $22,386. The loan balance of $22,386 is a two year multiple of the $11,193 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 $237 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	$22,386
Stafford Loan Interest Rate	4.99%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$237.33
Total Interest Paid	$6,093.46
Sum of All Loan Payments	$28,479.46

Projected 2 Year Degree Price

2 Year Sticker Price

$29,004

Year	Maryland Residents	Non Residents
1	$14,502	$16,350
2	$14,579	$16,437

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Chesapeake College to be $29,004 - assuming graduation in normal time. The estimation assumes a 0.5% 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 Chesapeake College
	Price Per Credit	3 Credit Class	4 Credit Class
In District Residents	$125	$375	$500
Maryland Residents	$193	$579	$772
Out of State Residents	$270	$810	$1,080

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