#4 Best Private Colleges in Virginia

Roanoke College Tuition & Cost

Salem, Virginia

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How much does it cost to attend?

Sticker Price
Costs for Roanoke College
Fee Cost
Books and Supplies$1,000
Other Fees$1,820
Room and Board $14,990
Other Expenses Budget$2,250

Annual Prices

The annual list price to attend Roanoke College on a full time basis for 2021/2022 is $66,570 for all students regardless of their residency. This fee is comprised of $46,510 for tuition, $14,990 room and board, $1,000 for books and supplies and $1,820 for other fees. Out of state tuition for Roanoke College is $46,510, 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 Roanoke College 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 Roanoke College
Family Income Net Price Paid
$0 to $30,000$20,495
$30,001 to $48,000$20,849
$48,001 to $75,000$23,983
$75,001 to $110,000$28,042

The average reported annual net price for Roanoke College for students receiving grants or scholarship aid was $27,975 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

100% of full-time undergrad Roanoke 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 $33,665 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 72% of students received Federal Student Loans averaging $5,855 and 17% of undergrads took out private student loans averaging $16,499.

Finanical Aid Roanoke College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $33,665 100%
Institutional Grants and Scholarships $29,960 100%
Pell Grants $4,851 29%
Other Federal Grants $659 93%
State and Local Grants $3,371 50%
Federal Student Loans $5,855 72%
Other Student Loans $16,499 17%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Roanoke College, we've modeled a ten year student loan with an original principal value of $102,264. The loan balance of $102,264 is a four year multiple of the $25,566 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 $976 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 $102,264
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $975.71
Total Interest Paid $14,821.36
Sum of All Loan Payments $117,085.36

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $66,570
2 $68,846
3 $71,200
4 $73,634

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Roanoke College to be $266,280 - assuming graduation in normal time. The estimation assumes a 3.4% 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 Roanoke College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $556 $1,668 $2,224

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

Tuition Payment Plans Available

Roanoke 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=233426 IPEDS survey data for Roanoke College.