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#18 Best Private Colleges in Massachusetts

Springfield College Tuition & Cost

Springfield, Massachusetts

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How much does it cost to attend?

Sticker Price
$57,150
Costs for Springfield College
Fee Cost
Tuition$39,930
Books and Supplies$1,100
Other Fees$550
Room and Board $13,320
Other Expenses Budget$2,250

Annual Prices

The annual list price to attend Springfield College on a full time basis for 2020/2021 is $57,150 for all students regardless of their residency. This fee is comprised of $39,930 for tuition, $13,320 room and board, $1,100 for books and supplies and $550 for other fees. Out of state tuition for Springfield College is $39,930, 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 Springfield College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$29,395
Net Price by Income Springfield College
Family Income Net Price Paid
$0 to $30,000$18,709
$30,001 to $48,000$20,816
$48,001 to $75,000$23,561
$75,001 to $110,000$28,261
$110,000+$33,501

The average reported annual net price for Springfield College for students receiving grants or scholarship aid was $29,395 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

99% of full-time undergrad Springfield 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 $26,018 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 76% of students received Federal Student Loans averaging $5,351 and 17% of undergrads took out private student loans averaging $18,545.

Finanical Aid Springfield College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $26,018 99%
Institutional Grants and Scholarships $24,228 98%
Pell Grants $4,214 23%
Other Federal Grants $612 74%
State and Local Grants $2,686 12%
Federal Student Loans $5,351 76%
Other Student Loans $18,545 17%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Springfield College, we've modeled a ten year student loan with an original principal value of $113,596. The loan balance of $113,596 is a four year multiple of the $28,399 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 $1,084 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 $113,596
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,083.83
Total Interest Paid $16,463.74
Sum of All Loan Payments $130,059.74

Projected 4 Year Degree Price

4 Year Sticker Price
$228,600
Year All Residents
1 $57,150
2 $59,155
3 $61,231
4 $63,380

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Springfield College to be $228,600 - 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.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Springfield College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,176 $3,528 $4,704

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

Tuition Payment Plans Available

Springfield 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=167899 IPEDS survey data for Springfield College.