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

How much does it cost to attend?

Sticker Price

$80,050

Costs for Amherst College
Fee	Cost
Tuition	$60,700
Books and Supplies	$1,000
Other Fees	$450
Room and Board	$16,100
Other Expenses Budget	$1,800

Annual Tuition & Costs

The annual tuition to attend Amherst College is $60,700. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $16,100. For educational materials, students should allocate approximately $1,000 for books and supplies plus $450 for other fees charged by the school. Finally, students should budget $1,800 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Amherst College on a full-time basis is $80,050 per annum.

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 Amherst College for students receiving grants or scholarship aid was $18,832 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 Amherst 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

$18,832

Net Price by Income Amherst College
Family Income	Net Price Paid
$0 to $30,000	$4,468
$30,001 to $48,000	$4,459
$48,001 to $75,000	$7,793
$75,001 to $110,000	$21,718
$110,000+	$50,268

Financial Aid

58% of full-time undergrad Amherst 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 $57,918 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 10% of students received Federal Student Loans averaging $4,551 and 5% of undergrads took out private student loans averaging $17,864.

Finanical Aid Amherst College
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$57,918	58%
Institutional Grants and Scholarships	$55,252	57%
Pell Grants	$5,232	24%
Other Federal Grants	$995	17%
State and Local Grants	$3,002	3%
Federal Student Loans	$4,551	10%
Other Student Loans	$17,864	5%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Amherst College, we've modeled a ten year student loan with an original principal value of $70,296. The loan balance of $70,296 is a four year multiple of the $17,574 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 $745 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	$70,296
Stafford Loan Interest Rate	4.99%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$745.25
Total Interest Paid	$19,134.55
Sum of All Loan Payments	$89,430.55

Projected 4 Year Degree Price

4 Year Sticker Price

$320,200

Year	All Residents
1	$80,050
2	$82,866
3	$85,781
4	$88,799

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Amherst College to be $320,200 - 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.