#13 Best Private Colleges in Michigan

Cornerstone University Tuition & Cost

Grand Rapids, Michigan

 0 Reviews

How much does it cost to attend?

Sticker Price
Costs for Cornerstone University
Fee Cost
Books and Supplies$800
Other Fees$0
Room and Board $9,960
Other Expenses Budget$2,570

Annual Prices

The annual list price to attend Cornerstone University on a full time basis for 2020/2021 is $39,580 for all students regardless of their residency. This fee is comprised of $26,250 for tuition, $9,960 room and board, $800 for books and supplies and $0 for other fees. Out of state tuition for Cornerstone University is $26,250, the same as Michigan 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 Cornerstone University 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 Cornerstone University
Family Income Net Price Paid
$0 to $30,000$17,675
$30,001 to $48,000$18,391
$48,001 to $75,000$18,541
$75,001 to $110,000$19,953

The average reported annual net price for Cornerstone University for students receiving grants or scholarship aid was $20,112 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 Cornerstone University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $15,861 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 89% of students received Federal Student Loans averaging $7,551 and 16% of undergrads took out private student loans averaging $13,940.

Finanical Aid Cornerstone University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $15,861 99%
Institutional Grants and Scholarships $12,585 97%
Pell Grants $4,428 31%
Other Federal Grants $493 35%
State and Local Grants $3,354 53%
Federal Student Loans $7,551 89%
Other Student Loans $13,940 16%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Cornerstone University, we've modeled a ten year student loan with an original principal value of $65,216. The loan balance of $65,216 is a four year multiple of the $16,304 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 $622 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 $65,216
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $622.23
Total Interest Paid $9,451.91
Sum of All Loan Payments $74,667.91

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $39,580
2 $39,803
3 $40,028
4 $40,254

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Cornerstone University to be $158,320 - assuming graduation in normal time. The estimation assumes a 0.6% 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 Cornerstone University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $995 $2,985 $3,980

Estimated cost for a class at Cornerstone University 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 Cornerstone University versus other colleges.

Tuition Payment Plans Available

Cornerstone University 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=170037 IPEDS survey data for Cornerstone University.