Public 2 Year

Vermilion Community College Tuition & Cost

Ely, Minnesota

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How much does it cost to attend?

In State Minnesota Resident Sticker Price
In State Costs for Vermilion Community College
Fee Cost
Books and Supplies$1,000
Other Fees$596
Room and Board $7,197
Other Expenses Budget$4,930
Out of State Resident Sticker Price
Out of State Costs for Vermilion Community College
Fee Cost
Books and Supplies$1,000
Other Fees$596
Room and Board $7,197
Other Expenses Budget$4,930

Residents of Minnesota pay an annual total price of $18,594 to attend Vermilion Community College on a full time basis. This fee is comprised of $4,871 for tuition, $7,197 room and board, $1,000 for books and supplies and $596 for other fees.

Out of state residents are charged a total cost of $19,811 which is 6.5% higher than Minnesota residents. The tuition charge is $6,088 while room and board is $7,197, books and supplies are $1,000 and other fees come in at $596.

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 Vermilion Community College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Vermilion Community College
Family Income Net Price Paid
$0 to $30,000$10,329
$30,001 to $48,000$10,764
$48,001 to $75,000$14,519
$75,001 to $110,000$16,823

The average reported annual net price for Vermilion Community College for students receiving grants or scholarship aid was $13,176 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

75% of full-time undergrad Vermilion 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 $4,238 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 76% of students received Federal Student Loans averaging $5,090 and 7% of undergrads took out private student loans averaging $6,647.

Finanical Aid Vermilion Community College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $4,238 75%
Institutional Grants and Scholarships $180 25%
Pell Grants $4,175 56%
Other Federal Grants $775 20%
State and Local Grants $1,720 38%
Federal Student Loans $5,090 76%
Other Student Loans $6,647 7%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Vermilion Community College, we've modeled a ten year student loan with an original principal value of $18,646. The loan balance of $18,646 is a two year multiple of the $9,323 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 $178 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 $18,646
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $177.90
Total Interest Paid $2,702.41
Sum of All Loan Payments $21,348.41

Projected 2 Year Degree Price

2 Year Sticker Price
Year Minnesota Residents Non Residents
1 $18,594 $19,811
2 $18,706 $19,930

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Vermilion Community College to be $37,188 - assuming graduation in normal time. The estimation assumes a 0.6% 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 Vermilion Community College
Price Per Credit 3 Credit Class 4 Credit Class
Minnesota Residents $162 $486 $648
Out of State Residents $203 $609 $812

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

Tuition Payment Plans Available

Vermilion 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=175157 IPEDS survey data for Vermilion Community College.