#24 Best Private Colleges in Massachusetts

Elms College Tuition & Cost

Chicopee, Massachusetts

 4 Reviews

How much does it cost to attend?

Sticker Price
Costs for College of Our Lady of the Elms
Fee Cost
Books and Supplies$1,150
Other Fees$1,795
Room and Board $14,010
Other Expenses Budget$2,416

Annual Prices

The annual list price to attend College of Our Lady of the Elms on a full time basis for 2020/2021 is $55,967 for all students regardless of their residency. This fee is comprised of $36,596 for tuition, $14,010 room and board, $1,150 for books and supplies and $1,795 for other fees. Out of state tuition for College of Our Lady of the Elms is $36,596, the same as Massachusetts 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 College of Our Lady of the Elms when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
Net Price by Income College of Our Lady of the Elms
Family Income Net Price Paid
$0 to $30,000$21,532
$30,001 to $48,000$21,731
$48,001 to $75,000$22,491
$75,001 to $110,000$27,782

The average reported annual net price for College of Our Lady of the Elms for students receiving grants or scholarship aid was $25,340 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 College of Our Lady of the Elms received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $24,171 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 84% of students received Federal Student Loans averaging $5,833 and 16% of undergrads took out private student loans averaging $14,466.

Finanical Aid College of Our Lady of the Elms
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $24,171 100%
Institutional Grants and Scholarships $21,199 100%
Pell Grants $5,030 39%
Other Federal Grants $1,220 23%
State and Local Grants $2,640 28%
Federal Student Loans $5,833 84%
Other Student Loans $14,466 16%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to College of Our Lady of the Elms, we've modeled a ten year student loan with an original principal value of $78,404. The loan balance of $78,404 is a four year multiple of the $19,601 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 $748 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 $78,404
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $748.06
Total Interest Paid $11,363.28
Sum of All Loan Payments $89,767.28

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $55,967
2 $58,087
3 $60,288
4 $62,572

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at College of Our Lady of the Elms to be $223,868 - 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 College of Our Lady of the Elms
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $742 $2,226 $2,968

Estimated cost for a class at College of Our Lady of the Elms 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 College of Our Lady of the Elms versus other colleges.

Tuition Payment Plans Available

College of Our Lady of the Elms 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=167394 IPEDS survey data for College of Our Lady of the Elms.