M
Private 4 Year

Mount Ida College Tuition & Cost

Newton, Massachusetts

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How much does it cost to attend?

Sticker Price
$52,472
Costs for Mount Ida College
Fee Cost
Tuition$34,200
Books and Supplies$1,000
Other Fees$1,520
Room and Board $13,680
Other Expenses Budget$2,072

Annual Prices

The annual list price to attend Mount Ida College on a full time basis for 2020/2021 is $52,472 for all students regardless of their residency. This fee is comprised of $34,200 for tuition, $13,680 room and board, $1,000 for books and supplies and $1,520 for other fees. Out of state tuition for Mount Ida College is $34,200, 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 Mount Ida College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$27,631
Net Price by Income Mount Ida College
Family Income Net Price Paid
$0 to $30,000$22,898
$30,001 to $48,000$22,820
$48,001 to $75,000$24,767
$75,001 to $110,000$28,805
$110,000+$31,847

The average reported annual net price for Mount Ida College for students receiving grants or scholarship aid was $27,631 in 2019/2020. 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

98% of full-time undergrad Mount Ida 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 $21,083 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 81% of students received Federal Student Loans averaging $5,516 and 24% of undergrads took out private student loans averaging $15,475.

Finanical Aid Mount Ida College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $21,083 98%
Institutional Grants and Scholarships $18,081 98%
Pell Grants $4,424 37%
Other Federal Grants $3,579 5%
State and Local Grants $3,602 31%
Federal Student Loans $5,516 81%
Other Student Loans $15,475 24%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Mount Ida College, we've modeled a ten year student loan with an original principal value of $108,776. The loan balance of $108,776 is a four year multiple of the $27,194 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 $1,038 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 $108,776
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,037.84
Total Interest Paid $15,765.16
Sum of All Loan Payments $124,541.16

Projected 4 Year Degree Price

4 Year Sticker Price
$209,888
Year All Residents
1 $52,472
2 $53,524
3 $54,596
4 $55,691

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Mount Ida College to be $209,888 - assuming graduation in normal time. The estimation assumes a 2% 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 Mount Ida College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,075 $3,225 $4,300

Estimated cost for a class at Mount Ida 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 Mount Ida College versus other colleges.

Tuition Payment Plans Available

Mount Ida 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=166948 IPEDS survey data for Mount Ida College.