B
#15 Best Private Colleges in North Carolina

BAC Tuition & Cost

Belmont, North Carolina

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How much does it cost to attend?

Sticker Price
$32,990
Costs for Belmont Abbey College
Fee Cost
Tuition$18,500
Books and Supplies$1,200
Other Fees$0
Room and Board $10,390
Other Expenses Budget$2,900

Annual Prices

The annual list price to attend Belmont Abbey College on a full time basis for 2020/2021 is $32,990 for all students regardless of their residency. This fee is comprised of $18,500 for tuition, $10,390 room and board, $1,200 for books and supplies and $0 for other fees. Out of state tuition for Belmont Abbey College is $18,500, the same as North Carolina 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 Belmont Abbey College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$22,333
Net Price by Income Belmont Abbey College
Family Income Net Price Paid
$0 to $30,000$18,108
$30,001 to $48,000$18,625
$48,001 to $75,000$19,456
$75,001 to $110,000$22,662
$110,000+$24,629

The average reported annual net price for Belmont Abbey College for students receiving grants or scholarship aid was $22,333 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

100% of full-time undergrad Belmont Abbey 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 $10,224 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 59% of students received Federal Student Loans averaging $5,609 and 8% of undergrads took out private student loans averaging $15,614.

Finanical Aid Belmont Abbey College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $10,224 100%
Institutional Grants and Scholarships $6,648 99%
Pell Grants $4,958 34%
Other Federal Grants $759 78%
State and Local Grants $5,419 25%
Federal Student Loans $5,609 59%
Other Student Loans $15,614 8%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Belmont Abbey College, we've modeled a ten year student loan with an original principal value of $88,504. The loan balance of $88,504 is a four year multiple of the $22,126 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 $844 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 $88,504
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $844.43
Total Interest Paid $12,827.09
Sum of All Loan Payments $101,331.09

Projected 4 Year Degree Price

4 Year Sticker Price
$131,960
Year All Residents
1 $32,990
2 $35,299
3 $37,770
4 $40,414

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Belmont Abbey College to be $131,960 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Belmont Abbey College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $617 $1,851 $2,468

Estimated cost for a class at Belmont Abbey 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 Belmont Abbey College versus other colleges.

Tuition Payment Plans Available

Belmont Abbey 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=197984 IPEDS survey data for Belmont Abbey College.