S
Private 4 Year

Saint Michael's College Tuition & Cost

Colchester, Vermont

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How much does it cost to attend?

Sticker Price
$62,195
Costs for Saint Michael's College
Fee Cost
Tuition$45,050
Books and Supplies$1,250
Other Fees$1,995
Room and Board $12,950
Other Expenses Budget$950

Annual Prices

The annual list price to attend Saint Michael's College on a full time basis for 2018/2019 is $62,195 for all students regardless of their residency. This fee is comprised of $45,050 for tuition, $12,950 room and board, $1,250 for books and supplies and $1,995 for other fees. Out of state tuition for Saint Michael's College is $45,050, the same as Vermont 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 Saint Michael's College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$30,386
Net Price by Income Saint Michael's College
Family Income Net Price Paid
$0 to $30,000$18,905
$30,001 to $48,000$21,455
$48,001 to $75,000$21,677
$75,001 to $110,000$27,324
$110,000+$33,487

The average reported annual net price for Saint Michael's College for students receiving grants or scholarship aid was $30,386 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

100% of full-time undergrad Saint Michael's 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 $29,229 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 67% of students received Federal Student Loans averaging $8,118 and 18% of undergrads took out private student loans averaging $16,423.

Finanical Aid Saint Michael's College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $29,229 100%
Institutional Grants and Scholarships $27,741 100%
Pell Grants $4,237 22%
Other Federal Grants $1,563 21%
State and Local Grants $2,265 10%
Federal Student Loans $8,118 67%
Other Student Loans $16,423 18%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Saint Michael's College, we've modeled a ten year student loan with an original principal value of $109,524. The loan balance of $109,524 is a four year multiple of the $27,381 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 $1,045 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 $109,524
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,044.98
Total Interest Paid $15,873.57
Sum of All Loan Payments $125,397.57

Projected 4 Year Degree Price

4 Year Sticker Price
$248,780
Year All Residents
1 $62,195
2 $64,106
3 $66,076
4 $68,107

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Saint Michael's College to be $248,780 - assuming graduation in normal time. The estimation assumes a 3.1% 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 Saint Michael's College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,445 $4,335 $5,780

Estimated cost for a class at Saint Michael's 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 Saint Michael's College versus other colleges.

Tuition Payment Plans Available

Saint Michael's 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=231059 IPEDS survey data for Saint Michael's College.