Private 4 Year

Erskine College Tuition & Cost

Due West, South Carolina

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How much does it cost to attend?

Sticker Price

Costs for Erskine College
Fee Cost
Books and Supplies$2,100
Other Fees$2,075
Room and Board $11,465
Other Expenses Budget$3,900

Annual Tuition & Costs

The annual tuition to attend Erskine College is $34,435. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $11,465. For educational materials, students should allocate approximately $2,100 for books and supplies plus $2,075 for other fees charged by the school. Finally, students should budget $3,900 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Erskine College on a full-time basis is $53,975 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The average reported annual net price for Erskine College for students receiving grants or scholarship aid was $35,573 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending Erskine College, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

Net Price by Income Erskine College
Family Income Net Price Paid
$0 to $30,000$38,875
$30,001 to $48,000$39,090
$48,001 to $75,000$39,530
$75,001 to $110,000$39,490

Financial Aid

100% of full-time undergrad Erskine 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 $16,691 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 73% of students received Federal Student Loans averaging $2,850 and 7% of undergrads took out private student loans averaging $7,240.

Finanical Aid Erskine College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $16,691 100%
Institutional Grants and Scholarships $13,418 99%
Pell Grants $2,531 46%
Other Federal Grants $1,455 3%
State and Local Grants $3,324 65%
Federal Student Loans $2,850 73%
Other Student Loans $7,240 7%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Erskine College, we've modeled a ten year student loan with an original principal value of $63,436. The loan balance of $63,436 is a four year multiple of the $15,859 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 $673 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 4.99%.

Example Loan $63,436
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $672.53
Total Interest Paid $17,267.26
Sum of All Loan Payments $80,703.26

Projected 4 Year Degree Price

4 Year Sticker Price

Year All Residents
1 $53,975
2 $54,604
3 $55,240
4 $55,883

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Erskine College to be $215,900 - assuming graduation in normal time. The estimation assumes a 1.2% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Erskine College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,320 $3,960 $5,280

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

Tuition Payment Plans Available

Erskine College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Costs for Similar Colleges 

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Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=217998 IPEDS survey data for Erskine College.