On average, colleges raise tuition about 3% each year.
Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe much less than the sticker price after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make theprice of collegefeel more doable until after graduation.
For information on Watkins College of Art, Design, & Film's financial aid options for first-year students, check with the school directly.
The average student debt for graduates in the class of 2023 was around $15,000 per student, not including those with no debt.
Watkins College of Art, Design, & Film is a private, nonprofit institution, so it has the same tuition for students from Tennessee as it does for residents from other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Attending an insitution where you qualify for the reduced tuition offered to state residentscan save students a lot of money on the total cost of attending college. Don't forget to confirm your state's criteria for as an in-state resident. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on the state you and your parents currently live in.
Explore other Tennessee colleges
Tuition at Watkins College of Art, Design, & Film is the same for each student.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or Watkins College of Art, Design, & Film-specific grants, scholarships, and other funding opportunities.
In addition to tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Watkins College of Art, Design, & Film.
Board costs can depend on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
Keep in mind, there could also be optional fees associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Many schools offer resources for students with demonstrated need to get help covering these fees.
The cost of getting around in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you plan to bring a car or are you planning to use public transportation? All of these questions can drastically impact your estimated cost of transportation.
A school's location can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area may be expensive, but cities may offer more trains, busses and affordable flights to actually get to school. The Watkins College of Art, Design, & Film campus is located in a in Tennessee.
When budgeting for college, be sure to consider personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of the actual cost of attending Watkins College of Art, Design, & Film.
What will the cost of attending Watkins College of Art, Design, & Film be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
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The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
Around 47% of Watkins College of Art, Design, & Film undergrads take out student loans to cover any remaining costs. Watkins College of Art, Design, & Film graduates who have student loans graduate with an average of $15,000 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $20,000 |
Private Loans | $0 |
Most Common Loans for Watkins College of Art, Design, & Film Students | |
---|---|
Federal Loans | 28% |
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Watkins College of Art, Design, & Film financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, a total of $800000 thousand was awarded in need-based scholarships. An additional $1.36 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Watkins College of Art, Design, & Film students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Watkins College of Art, Design, & Film seem more manageable.
What will attending Watkins College of Art, Design, & Film really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Watkins College of Art, Design, & Film's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
For more information about Watkins College of Art, Design, & Film's endowment, check with the school directly.
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