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Salem College Tuition & Cost


Annual Cost to Attend

Sticker Price
$46,080
Costs for Salem College
Fee Cost
Tuition$28,100
Books and Supplies$1,260
Other Fees$466
Room and Board $11,640
Other Expenses Budget$4,614

Annual Prices

The annual list price to attend Salem College on a full time basis for 2017/2018 is $46,080 for all students regardless of their residency. This fee is comprised of $28,100 for tuition, $11,640 room and board, $1,260 for books and supplies and $466 for other fees.


Sponsored

Net Price

Average Net Price 2017/2018
$18,218
Net Price by Income Salem College
Family Income Net Price Paid
$0 to $30,000$14,369
$30,001 to $48,000$14,276
$48,001 to $75,000$19,305
$75,001 to $110,000$23,066
$110,000+$24,523

The average reported annual net price for Salem College for students receiving grants or scholarship aid was $18,218 in 2017/2018.

Financial Aid

Finanical Aid Salem College
Type Avg./Student Students Receiving
Annual Total Grant Aid $25,354 99%
Pell Grant $4,530 53%
Federal Student Loan $5,704 78%

The average reported annual net price for Salem College for students receiving grants or scholarship aid was $18,218 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Salem College, we've modeled a ten year student loan with an original principal value of $60,972. The loan balance of $60,972 is a four year multiple of the $15,243 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 $637 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 4.7%.

Example Loan $60,972
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $636.62
Total Interest Paid $15,422.07
Sum of All Loan Payments $76,394.07

Projected 4 Year Degree Price

4 Year Sticker Price
$184,320
Year 1 Year 2 Year 3 Year 4
All Residents $46,080 $47,894 $49,780 $51,740

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Salem College to be $184,320 - assuming graduation in normal time. The estimation assumes a 3.9% annual increase over the next 4 years which has been the recent trend for this school.

Cost Credit Hour and Price per Class

Credit Hour and Class Costs at Salem College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $400 $1,200 $1,600

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

Tuition Payment Plans Available

Salem 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=199607 IPEDS survey data for Salem College.