#8 Best Private Colleges in Michigan

SAU Tuition & Cost

Spring Arbor, Michigan

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How much does it cost to attend?

Sticker Price
Costs for Spring Arbor University
Fee Cost
Books and Supplies$800
Other Fees$600
Room and Board $10,456
Other Expenses Budget$1,780

Annual Prices

The annual list price to attend Spring Arbor University on a full time basis for 2020/2021 is $43,508 for all students regardless of their residency. This fee is comprised of $29,872 for tuition, $10,456 room and board, $800 for books and supplies and $600 for other fees. Out of state tuition for Spring Arbor University is $29,872, 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 Spring Arbor 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 Spring Arbor University
Family Income Net Price Paid
$0 to $30,000$16,544
$30,001 to $48,000$18,596
$48,001 to $75,000$17,650
$75,001 to $110,000$21,271

The average reported annual net price for Spring Arbor University for students receiving grants or scholarship aid was $21,535 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

100% of full-time undergrad Spring Arbor 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 $20,124 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 66% of students received Federal Student Loans averaging $5,453 and 15% of undergrads took out private student loans averaging $10,965.

Finanical Aid Spring Arbor University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $20,124 100%
Institutional Grants and Scholarships $17,060 100%
Pell Grants $3,932 29%
Other Federal Grants $2,887 27%
State and Local Grants $2,705 46%
Federal Student Loans $5,453 66%
Other Student Loans $10,965 15%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Spring Arbor University, we've modeled a ten year student loan with an original principal value of $60,884. The loan balance of $60,884 is a four year multiple of the $15,221 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 $581 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 $60,884
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $580.90
Total Interest Paid $8,824.06
Sum of All Loan Payments $69,708.06

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $43,508
2 $45,241
3 $47,044
4 $48,918

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Spring Arbor University to be $174,032 - assuming graduation in normal time. The estimation assumes a 4% 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 Spring Arbor University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $725 $2,175 $2,900

Estimated cost for a class at Spring Arbor 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 Spring Arbor University versus other colleges.

Tuition Payment Plans Available

Spring Arbor 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=172334 IPEDS survey data for Spring Arbor University.