In 2022, tuition for full-time students at Nichols College was $37,150 a year.
In 2022, tuition increased 3.05%–from $36,050 the prior year. Usually, college tuition goes up about 3% every year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students pay much less than the sticker price after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make thecost of college more manageable until you've finishing school and found a job.
Nichols College is a private, nonprofit institution, which means it has the same tuition for residents of Massachusetts 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.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Don't forget to verify your state's eligibility criteria for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. 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 the state you and your parents currently live in.
Explore other Massachusetts colleges
Nichols College has the same tuition for international students as for those from out of state.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships. International students with need may qualify for the following types of financial support at Nichols College:
•Nichols College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
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 Nichols College.
Room and board at Nichols College is $14,110 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 Nichols College's on-campus cafeterias and dining facilities.
Board costs may vary depending on how many meals are included in the plan you choose.
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 materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
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 have resources for students with financial need to find ways to lower or eliminate these costs.
The total cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? 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. Keeping in mind, first-year students are allowed to park a car on campus.
A school's location can impact 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 an urban area could be expensive, but cities may offer more buses, trains and low-cost flight options to actually get to school. The Nichols College campus is in a small town setting in Massachusetts, near Boston.
When you're planning 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 do a rundown of all of the costs associated with college, to get a better idea of what is really costs to go to Nichols College.
What will the cost of attending Nichols College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$14,110|
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.
The majority of Nichols College undergrads use financial aid to help pay for school. In 2022, 929 of the 1,326 undergrads enrolled received financial aid. Nichols College meets 85% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $30,891 a year.
|Most Common Loans for Nichols 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 Nichols 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 2022, Nichols College awarded 929 need-based scholarships to students, giving away total of $22.5 million to help students with financial need cover the cost of school.
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 Nichols 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 Nichols College was $30,891 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Nichols College seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Nichols 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 Nichols 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 reduce the total cost of attendance. Some schools 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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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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