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Wofford College Tuition & Cost

Spartanburg, South Carolina

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How much does it cost to attend?

Sticker Price
Costs for Wofford College
Fee Cost
Books and Supplies$1,200
Other Fees$1,705
Room and Board $14,345
Other Expenses Budget$2,543

Annual Prices

The annual tuition to attend Wofford College is $47,845. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $14,345. For educational materials, students should allocate approximately $1,200 for books and supplies plus $1,705 for other fees charged by the school. Finally, students should budget $2,543 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Wofford College on a full-time basis is $67,638 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 net price provides a more realistic estimate of the true cost of attending Wofford 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 Wofford College
Family Income Net Price Paid
$0 to $30,000$20,359
$30,001 to $48,000$21,893
$48,001 to $75,000$24,762
$75,001 to $110,000$29,194

The average reported annual net price for Wofford College for students receiving grants or scholarship aid was $30,431 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

98% of full-time undergrad Wofford 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 $31,958 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 47% of students received Federal Student Loans averaging $5,287 and 11% of undergrads took out private student loans averaging $17,886.

Finanical Aid Wofford College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $31,958 98%
Institutional Grants and Scholarships $27,299 95%
Pell Grants $4,794 19%
Other Federal Grants $992 12%
State and Local Grants $7,829 55%
Federal Student Loans $5,287 47%
Other Student Loans $17,886 11%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Wofford College, we've modeled a ten year student loan with an original principal value of $83,088. The loan balance of $83,088 is a four year multiple of the $20,772 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 $881 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 $83,088
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $880.87
Total Interest Paid $22,616.53
Sum of All Loan Payments $105,704.53

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $67,638
2 $70,766
3 $74,038
4 $77,462

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Wofford College to be $270,552 - assuming graduation in normal time. The estimation assumes a 4.6% 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 Wofford College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,975 $5,925 $7,900

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

Tuition Payment Plans Available

Wofford College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No
Costs for Similar Colleges 

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=218973 IPEDS survey data for Wofford College.