In 2019, Olivet College's tuition was $27,700 a year.
On average, college tuition rises about 3%ba year.
If this makes attending the college of your dreams sound impossible, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is way less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theactual cost of attending college until after graduation.
Olivet College is a private, religious institution, so it has the same tuition for residents of Michigan as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. 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. Be sure to check your state's requirements for as an in-state resident. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on where you live.
Tuition at Olivet College is the same for all students.
International students usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or Olivet College-specific grants, scholarships, and other funding opportunities.. International students who demonstrate financial need may qualify for the following types of financial support at Olivet College:
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college;room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Olivet College.
Housing and campus dining at Olivet College costs $10,100 a year. This number covers the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat in the school dining halls.
Meal-plan costs vary based on on the numnber 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 depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more. Students who attend Olivet College full time pay $992 in fees each academic year.
There may be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools have resources so that those who may struggle to participate because of cost can get help covering these costs.
The cost of getting around in college can really vary. Will you take a subway, car or an airplane to get 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 are you planning to use public transportation? All of these questions can drastically impact your transportation budget. At Olivet College, freshman are allowed to park on campus.
Where are a college is located can impact your transportation budget. 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 might be pricey, but there may be more trains, busses or affordable flights to actually get to school. The Olivet College campus is located in a small town setting in Michigan, near Lansing and Battle Creek.
When creating a budget for college, be sure to factor in the cost of things like entertainment, clothes, furnishings and toiletries.
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 Olivet College.
|2021 Total Tuition and Expenses|
|Room and Board||$10,100|
|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 Olivet College undergrads use financial aid to to cover the cost of tuition. In 2021, 897 of the 1,045 undergrads enrolled received financial aid. Olivet College meets 80% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $22,200 a year. Around 83% of Olivet College undergrads take out student loans to cover any remaining costs. Olivet College graduates who have student loans graduate with an average of $28,842 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Olivet College-Specific Loans||$0|
|Most Common Loans for Olivet 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 Olivet 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, Olivet College awarded 872 need-based scholarships to students, giving away total of $18.2 million to help students with financial need cover the cost of school. An additional $2.43 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 Olivet 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 Olivet College was $22,200 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Olivet College seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Olivet 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 understand the actual cost of attending that school, based on their financial situation. You can find the Olivet 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 offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Olivet College has some full or partial tuition waivers available for: - International Students
Check the financial aid website for more information on payment plans and tuition waivers.
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