R
Public 2 Year

Ridgewater College Tuition & Cost

Willmar, Minnesota

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How much does it cost to attend?

Sticker Price
$19,428
Costs for Ridgewater College
Fee Cost
Tuition$5,316
Books and Supplies$1,200
Other Fees$642
Estimated Off Campus Cost of Living $7,720
Other Expenses Budget$4,550

Annual Prices

The annual list price to attend Ridgewater College on a full time basis for 2020/2021 is $19,428 for all students regardless of their residency. This fee is comprised of $5,316 for tuition, $7,720 room and board, $1,200 for books and supplies and $642 for other fees. Out of state tuition for Ridgewater College is $5,316, 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 Ridgewater College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$10,664
Net Price by Income Ridgewater College
Family Income Net Price Paid
$0 to $30,000$9,554
$30,001 to $48,000$9,977
$48,001 to $75,000$11,350
$75,001 to $110,000$14,561
$110,000+$15,474

The average reported annual net price for Ridgewater College for students receiving grants or scholarship aid was $10,664 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

94% of full-time undergrad Ridgewater 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 $4,035 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 39% of students received Federal Student Loans averaging $4,681 and 2% of undergrads took out private student loans averaging $6,528.

Finanical Aid Ridgewater College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $4,035 94%
Institutional Grants and Scholarships $4,438 1%
Pell Grants $4,180 51%
Other Federal Grants $572 75%
State and Local Grants $1,795 57%
Federal Student Loans $4,681 39%
Other Student Loans $6,528 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Ridgewater College, we've modeled a ten year student loan with an original principal value of $17,174. The loan balance of $17,174 is a two year multiple of the $8,587 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 $164 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 $17,174
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $163.86
Total Interest Paid $2,489.07
Sum of All Loan Payments $19,663.07

Projected 2 Year Degree Price

2 Year Sticker Price
$38,856
Year All Residents
1 $19,428
2 $19,811

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Ridgewater College to be $38,856 - assuming graduation in normal time. The estimation assumes a 2% 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 Ridgewater College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $186 $558 $744

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

Tuition Payment Plans Available

Ridgewater 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=175236 IPEDS survey data for Ridgewater College.