How much does it cost to attend?
In District Michigan Resident Sticker Price
| Fee | Cost |
|---|---|
| Tuition | $3,276 |
| Books and Supplies | $1,567 |
| Other Fees | $762 |
| Estimated Off Campus Cost of Living | $8,001 |
| Other Expenses Budget | $4,140 |
In State Michigan Resident Sticker Price
| Fee | Cost |
|---|---|
| Tuition | $4,732 |
| Books and Supplies | $1,567 |
| Other Fees | $762 |
| Estimated Off Campus Cost of Living | $8,001 |
| Other Expenses Budget | $4,140 |
The tuition for in-district Michigan residents (local residents) attending Schoolcraft College is $3,276 per academic year. Students should budget $8,001 for local off-campus housing. Additionally, books and supplies typically cost $1,567 plus the school charges $762 in other fees. In total, students should budget for an annual total cost of $17,746 to attend Schoolcraft College.
All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.
Net Price
The net price provides a more realistic estimate of the true cost of attending Schoolcraft College, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.
Average Net Price 2019/2020
| Family Income | Net Price Paid |
|---|---|
| $0 to $30,000 | $6,054 |
| $30,001 to $48,000 | $6,776 |
| $48,001 to $75,000 | $7,907 |
| $75,001 to $110,000 | $9,657 |
| $110,000+ | $9,694 |
The average reported annual net price for Schoolcraft College for students receiving grants or scholarship aid was $7,859 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
74% of full-time undergrad Schoolcraft 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 $2,265 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 9% of students received Federal Student Loans averaging $2,767.
| Type | Avg./Student | Students Receiving |
|---|---|---|
| Total Grant and Scholarship Aid | $2,265 | 74% |
| Institutional Grants and Scholarships | $499 | 37% |
| Pell Grants | $2,698 | 36% |
| Other Federal Grants | $936 | 41% |
| State and Local Grants | $1,664 | 8% |
| Federal Student Loans | $2,767 | 9% |
| Other Student Loans | $0 | 0% |
Student Loans
To gauge a more realistic picture of what it may really cost you out of pocket to go to Schoolcraft College, we've modeled a ten year student loan with an original principal value of $8,252. The loan balance of $8,252 is a two year multiple of the $4,126 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 $87 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 4.99%.
| Example Loan | $8,252 |
| Stafford Loan Interest Rate | 4.99% |
| Time to Pay Off Student Loan | 10 years |
| Example Monthly Payment | $87.48 |
| Total Interest Paid | $2,246.19 |
| Sum of All Loan Payments | $10,498.19 |
Projected 2 Year Degree Price
2 Year Sticker Price
| Year | Michigan Residents | Non Residents |
|---|---|---|
| 1 | $19,202 | $21,282 |
| 2 | $19,455 | $21,562 |
Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Schoolcraft College to be $38,404 - assuming graduation in normal time. The estimation assumes a 1.3% annual increase over the next 2 years which has been the recent trend for this school.
Credit Hour Cost and Price per Class
| Price Per Credit | 3 Credit Class | 4 Credit Class | |
|---|---|---|---|
| In District Residents | $126 | $378 | $504 |
| Michigan Residents | $182 | $546 | $728 | Out of State Residents | $262 | $786 | $1,048 |
Estimated cost for a class at Schoolcraft 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 Schoolcraft College versus other colleges.
Tuition Payment Plans Available
| Tuition Payment Plan | Yes |
| Prepaid Tuition Plan | Yes |
| Alternative Tuition Plan | Yes |
| Guaranteed Tuition Plan | No |
Costs for Similar Colleges
Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=172200 IPEDS survey data for Schoolcraft College.