O
Private 4 Year

OC Comets Tuition & Cost

Olivet, Michigan

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How much does it cost to attend?

Sticker Price
$42,758
Costs for Olivet College
Fee Cost
Tuition$27,700
Books and Supplies$1,200
Other Fees$992
Room and Board $10,100
Other Expenses Budget$2,766

Annual Prices

The annual list price to attend Olivet College on a full time basis for 2018/2019 is $42,758 for all students regardless of their residency. This fee is comprised of $27,700 for tuition, $10,100 room and board, $1,200 for books and supplies and $992 for other fees. Out of state tuition for Olivet College is $27,700, the same as Michigan residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Olivet College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$22,241
Net Price by Income Olivet College
Family Income Net Price Paid
$0 to $30,000$20,867
$30,001 to $48,000$19,429
$48,001 to $75,000$24,838
$75,001 to $110,000$21,711
$110,000+$20,361

The average reported annual net price for Olivet College for students receiving grants or scholarship aid was $22,241 in 2018/2019. 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

100% of full-time undergrad Olivet 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 $19,015 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 87% of students received Federal Student Loans averaging $5,745 and 87% of undergrads took out private student loans averaging $11,690.

Finanical Aid Olivet College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $19,015 100%
Institutional Grants and Scholarships $15,003 99%
Pell Grants $4,643 58%
Other Federal Grants $250 58%
State and Local Grants $2,194 57%
Federal Student Loans $5,745 87%
Other Student Loans $11,690 87%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Olivet College, we've modeled a ten year student loan with an original principal value of $68,732. The loan balance of $68,732 is a four year multiple of the $17,183 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 $656 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 $68,732
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $655.78
Total Interest Paid $9,961.49
Sum of All Loan Payments $78,693.49

Projected 4 Year Degree Price

4 Year Sticker Price
$171,032
Year All Residents
1 $42,758
2 $44,528
3 $46,371
4 $48,291

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Olivet College to be $171,032 - assuming graduation in normal time. The estimation assumes a 4.1% 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 Olivet College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $927 $2,781 $3,708

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

Tuition Payment Plans Available

Olivet 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=171599 IPEDS survey data for Olivet College.