#3 Best Colleges in South Carolina

Wofford College Tuition & Cost

Spartanburg, South Carolina

 6 Reviews

How much does it cost to attend?

Sticker Price
Costs for Wofford College
Fee Cost
Books and Supplies$1,200
Other Fees$1,575
Room and Board $13,225
Other Expenses Budget$2,543

Annual Prices

The annual list price to attend Wofford College on a full time basis for 2018/2019 is $62,678 for all students regardless of their residency. This fee is comprised of $44,135 for tuition, $13,225 room and board, $1,200 for books and supplies and $1,575 for other fees. Out of state tuition for Wofford College is $44,135, the same as South Carolina residents.

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 Wofford 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 Wofford College
Family Income Net Price Paid
$0 to $30,000$14,618
$30,001 to $48,000$17,668
$48,001 to $75,000$24,109
$75,001 to $110,000$28,717

The average reported annual net price for Wofford College for students receiving grants or scholarship aid was $28,033 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

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 $31,824 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 43% of students received Federal Student Loans averaging $5,243 and 10% of undergrads took out private student loans averaging $15,747.

Finanical Aid Wofford College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $31,824 98%
Institutional Grants and Scholarships $27,406 95%
Pell Grants $4,696 18%
Other Federal Grants $1,000 10%
State and Local Grants $7,642 55%
Federal Student Loans $5,243 43%
Other Student Loans $15,747 10%

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 $793 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 $83,088
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $792.75
Total Interest Paid $12,042.14
Sum of All Loan Payments $95,130.14

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $62,678
2 $65,575
3 $68,606
4 $71,777

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 $250,712 - 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 $1,825 $5,475 $7,300

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

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