Fairmont State University - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

How much does it cost to attend?

In State West Virginia Resident Sticker Price

$20,914

In State Costs for Fairmont State University
Fee	Cost
Tuition	$5,946
Books and Supplies	$1,000
Other Fees	$1,946
Room and Board	$10,022
Other Expenses Budget	$2,000

Out of State Resident Sticker Price

$29,960

Out of State Costs for Fairmont State University
Fee	Cost
Tuition	$14,992
Books and Supplies	$1,000
Other Fees	$1,946
Room and Board	$10,022
Other Expenses Budget	$2,000

In-state tuition at Fairmont State University for undergraduate students residing in West Virginia is $5,946. Room and board charges total $10,022 per year. Students will also need to budget for books and supplies, which typically amount to $1,000 annually. Other administrative or academic fees are $1,946 for the year. Additionally, students should plan an estimated $2,000 for other miscellaneous expenses throughout the year. In sum, residents attending Fairmont State University full time should expect a total annual cost of $20,914.

Undergraduate tuition at Fairmont State University is $14,992 for out-of-state students. Additionally, out-of-state students are charged $10,022 for room and board, $1,000 for textbooks and educational resources, plus fees of $1,946. Students are advised to budget $2,000 for other expenses. When these costs are combined, annual out-of-state charges total $29,960. This figure is 43.3% higher than what West Virginia residents pay.

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 Fairmont State University, 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

$10,608

Net Price by Income Fairmont State University
Family Income	Net Price Paid
$0 to $30,000	$8,285
$30,001 to $48,000	$9,871
$48,001 to $75,000	$12,104
$75,001 to $110,000	$14,616
$110,000+	$16,177

The average reported annual net price for Fairmont State University for students receiving grants or scholarship aid was $10,608 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

96% of full-time undergrad Fairmont State University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $7,248 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 54% of students received Federal Student Loans averaging $5,063 and 5% of undergrads took out private student loans averaging $9,481.

Finanical Aid Fairmont State University
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$7,248	96%
Institutional Grants and Scholarships	$2,204	85%
Pell Grants	$4,978	46%
Other Federal Grants	$939	9%
State and Local Grants	$3,909	66%
Federal Student Loans	$5,063	54%
Other Student Loans	$9,481	5%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Fairmont State University, we've modeled a ten year student loan with an original principal value of $32,140. The loan balance of $32,140 is a four year multiple of the $8,035 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 $341 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	$32,140
Stafford Loan Interest Rate	4.99%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$340.74
Total Interest Paid	$8,748.50
Sum of All Loan Payments	$40,888.50

Projected 4 Year Degree Price

4 Year Sticker Price

$83,656

Year	West Virginia Residents	Non Residents
1	$20,914	$29,960
2	$21,499	$30,799
3	$22,101	$31,661
4	$22,720	$32,547

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Fairmont State University to be $83,656 - assuming graduation in normal time. The estimation assumes a 2.8% 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 Fairmont State University
	Price Per Credit	3 Credit Class	4 Credit Class
West Virginia Residents	$319	$957	$1,276
Out of State Residents	$705	$2,115	$2,820

Estimated cost for a class at Fairmont State University 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 Fairmont State University versus other colleges.