In 2011, tuition for full-time students at Erskine College was $34,435 a year.
Tuition was the same price in 2023 compare to the year before. On average, college tuition goes up about 3% every year.
If these numbers sound impossible, 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 kick in. And, student loans can make thecost of college feel more doable until you've finishing school and found a job.
Erskine College meets 86% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Erskine College is around $22,681 a year.
Students in the class of 2023 who had taken out student loans graduated with an average of $24,450 of debt.
Erskine College is a private, religious institution, so it has the same tuition for students from South Carolina as it does for residents from other states.
Public colleges and universities receive funding from the state government. Public insitutions often offer reduced tuition for those who qualify as South Carolina residents.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to check your state's requirements 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 too, depending on the state you and your parents currently live in.
Erskine College has the same tuition for international students as for those from out of state.
International students are not eligible for federal financial aid, but may qualify for private or school-specific grants, scholarships, and other funding opportunities. International students with need may be eligible for the following types of financial support at Erskine College:
•Loans from outsideErskine College •Erskine College-specific loans •Athletic Awards •Erskine College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
Tuition is not the only cost of attending college; 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.
Room and board at Erskine College costs $11,465 a year. This number includes the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat all or some of your meals the Erskine College's on-campus cafeterias and dining facilities.
Meal-plan costs may vary depending on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual 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 help cover the cost of facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have ways for students with financial need to get help covering these costs.
The total cost of transportation 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 will you need to use public transportation? All of these factors can drastically impact your estimated cost of transportation. At Erskine College, freshman are allowed to park on campus.
Where are a college is located can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city is sometimes expensive, but there may be more buses, trains and low-cost flight options to actually get to school. Erskine Collegeis located in a rural area in South Carolina.
When estimating your budget for college, don’t forget to consider the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better estimate of how much students can expect to shell out for Erskine College.
What will the cost of attending Erskine College be? Here is a breakdown of tuition and expenses.
|2023 Total Tuition and Expenses
|Room and Board
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|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.
In 2023, 400 of the 809 undergrads enrolled received financial aid. 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
|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 2023, 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 2023. 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 get a better idea of 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 schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a 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.
As of 2011, the total market value of Erskine College's endowment was $39.8 million. The average college endowment was $905 million in 2021.
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