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Public 2 Year

Inver Hills Community College Tuition & Cost

Inver Grove Heights, Minnesota

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How much does it cost to attend?

Sticker Price
$20,074
Costs for Inver Hills Community College
Fee Cost
Tuition$4,986
Books and Supplies$1,200
Other Fees$572
Estimated Off Campus Cost of Living $6,984
Other Expenses Budget$6,332

Annual Prices

The annual list price to attend Inver Hills Community College on a full time basis for 2020/2021 is $20,074 for all students regardless of their residency. This fee is comprised of $4,986 for tuition, $6,984 room and board, $1,200 for books and supplies and $572 for other fees. Out of state tuition for Inver Hills Community College is $4,986, the same as Minnesota 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 Inver Hills Community College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$10,699
Net Price by Income Inver Hills Community College
Family Income Net Price Paid
$0 to $30,000$9,188
$30,001 to $48,000$9,407
$48,001 to $75,000$11,685
$75,001 to $110,000$14,577
$110,000+$15,181

The average reported annual net price for Inver Hills Community College for students receiving grants or scholarship aid was $10,699 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

89% of full-time undergrad Inver Hills Community 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 $3,298 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 31% of students received Federal Student Loans averaging $4,557.

Finanical Aid Inver Hills Community College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $3,298 89%
Institutional Grants and Scholarships $2,367 5%
Pell Grants $4,277 42%
Other Federal Grants $380 71%
State and Local Grants $1,242 45%
Federal Student Loans $4,557 31%
Other Student Loans $3,000 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Inver Hills Community College, we've modeled a ten year student loan with an original principal value of $31,916. The loan balance of $31,916 is a two year multiple of the $15,958 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 $305 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 $31,916
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $304.51
Total Interest Paid $4,625.66
Sum of All Loan Payments $36,541.66

Projected 2 Year Degree Price

2 Year Sticker Price
$40,148
Year All Residents
1 $20,074
2 $20,256

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Inver Hills Community College to be $40,148 - assuming graduation in normal time. The estimation assumes a 0.9% annual increase over the next 2 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Inver Hills Community College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $169 $507 $676

Estimated cost for a class at Inver Hills Community 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 Inver Hills Community College versus other colleges.

Tuition Payment Plans Available

Inver Hills Community 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=173799 IPEDS survey data for Inver Hills Community College.