In 2016, tuition for full-time students at Erskine College was $34,435 a year.
Tuition was the same price in 2021 as it was the year before. On average, college tuition goes up about 3% every year.
If these numbers seem daunting, remember, the "sticker price" of tuition doesn't give you all the info you need to know how much you will actually have to pay for college. Many students find the actual cost of college is way less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make the amount you do have to pay out of pocket feel more doable until you've finishing school and found a job.
Erskine College is a private, religious institution, so it has the same tuition for students from South Carolina as it does for students who live in 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..
Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Take the time to verify your state's eligibility criteria for as an in-state resident. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements as well, depending on where you live.
Tuition at Erskine College is the same for all students.
Students from outside of the U.S. usually do not qualify for for federal financial aid, but should research private or Erskine College-specific grants, scholarships, and other funding opportunities.. International students who demonstrate financial need may be eligible for the following types of financial support at Erskine College:
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Erskine College.
Housing and campus dining at Erskine College is $11,465 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the school dining halls.
Board costs can depend on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs. Full-time undergrads at Erskine College can expect to pay around $2,075 in fees every year they are enrolled.
There may be other costs associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges offer ways for students with demonstrated need to find ways to lower or eliminate these fees.
The total cost of transportation in college can really vary. 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 easy to get around on foot? Do you plan to bring a car or are you planning to use public transportation? All of these questions can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in an urban area is sometimes expensive, but there may be more buses, trains and affordable flights to actually get to school. The Erskine College campus is located in a rural setting in South Carolina.
When budgeting for college, don’t forget to consider the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s look at the breakdown of all expenses, to get a better idea of the actual cost of attending Erskine College.
|2021 Total Tuition and Expenses|
|Room and Board||$11,465|
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Erskine College undergrads use financial aid to finance their education. Erskine College meets 86% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $22,681 a year. Around 72% of Erskine College undergrads take out student loans to cover any remaining costs. Erskine College graduates who have student loans graduate with an average of $24,450 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Erskine College-Specific Loans||$0|
|Most Common Loans for Erskine College Students|
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 Erskine College 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 2021, Erskine College awarded 400 need-based scholarships to students, giving away total of $6.8 million to help students with financial need cover the cost of school. An additional $4.05 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 Erskine College 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.
The average amount of financial aid received by a full-time first year student with demonstrated need at Erskine College was $22,681 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Erskine College seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Erskine College 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 Erskine College'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 waiver tuition for 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.
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