Private 4 Year

National College-Salem Tuition & Cost

Salem, Virginia

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How much does it cost to attend?

Sticker Price
Costs for National College Salem
Fee Cost
Books and Supplies$309
Other Fees$0
Estimated Off Campus Cost of Living $6,160
Other Expenses Budget$5,555

Annual Prices

The annual list price to attend National College Salem on a full time basis for 2021/2022 is $22,312 for all students regardless of their residency. This fee is comprised of $10,288 for tuition, $6,160 room and board, $309 for books and supplies and $0 for other fees. Out of state tuition for National College Salem is $10,288, the same as Virginia residents.

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

Net Price

Net price is indicative of what it actually costs to attend National College Salem when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
Net Price by Income National College Salem
Family Income Net Price Paid
$0 to $30,000$21,369
$30,001 to $48,000$21,451
$48,001 to $75,000$23,452
$75,001 to $110,000n/a

The average reported annual net price for National College Salem for students receiving grants or scholarship aid was $21,638 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

96% of full-time undergrad National College Salem received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $7,775 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 92% of students received Federal Student Loans averaging $7,317.

Finanical Aid National College Salem
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $7,775 96%
Institutional Grants and Scholarships $1,615 81%
Pell Grants $6,037 92%
Other Federal Grants $694 50%
State and Local Grants $1,461 18%
Federal Student Loans $7,317 92%
Other Student Loans $0 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to National College Salem, we've modeled a ten year student loan with an original principal value of $63,864. The loan balance of $63,864 is a four year multiple of the $15,966 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 $609 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 $63,864
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $609.33
Total Interest Paid $9,255.96
Sum of All Loan Payments $73,119.96

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $22,312
2 $23,874
3 $25,545
4 $27,333

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at National College Salem to be $89,248 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at National College Salem
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $301 $903 $1,204

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

Tuition Payment Plans Available

National College Salem 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=232797 IPEDS survey data for National College Salem.