Philander Smith College

In 2018, Philander Smith College's tuition was $11,804 a year.

Tuition was the same price in 2023 as it was the year before. Usually, 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 pay much less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, 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.

Philander Smith College meets 51% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Philander Smith College is around $12,704 a year.

In 2020, students graduated with an average of $46,965 in student loans for each student with debt.

Does Philander Smith College Offer In-State and Out-of-State Tuition?

Philander Smith College is a private, religious institution, which means it has the same tuition for residents of Arkansas 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. Take the time to verify your state's requirements 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 reside in.

Explore other Arkansas colleges

Do International Students Pay More to Go to Philander Smith College?

Tuition at Philander Smith College is the same for all students.

International students usually do not qualify for for federal financial aid, but should research private or Philander Smith College-specific aid and scholarships. International students with need may qualify for the following types of financial support at Philander Smith College:

•Athletic Awards •Philander Smith College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Philander Smith College Room, Board, Fees, and More

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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 Philander Smith College.

Room and Board Costs at Philander Smith College

Room and board at Philander Smith College costs $9,066 a year. This covers the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat in the school dining facilities.

Board costs vary based on on how many meals are included in the plan you choose.

How Much Do Books Cost at Philander Smith College?

The cost of books often surprises first-year college students. 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 used textbooks and materials.

Yearly Fees

Most schools also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

There may be additional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Most colleges offer ways so that those with financial need to find ways to lower or eliminate these costs.

The Cost of Transportation at Philander Smith College

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 walkable? Do you own 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.

The location of a college or university 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, transportation in a city might be costly, but there may be more trains, busses or affordable flights to actually get to school. The Philander Smith College campus is in a city in Arkansas.

Other Costs

When you're planning for college, be sure to leave some room in your budget for personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Total Tuition and Expenses at Philander Smith College

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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 Philander Smith College.

How Much Does Philander Smith College Cost?

What will the cost of attending Philander Smith College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$11,804
Room and Board	$9,066

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$21,279.6
Off-Campus	$12,214

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.

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Financial Aid at Philander Smith College

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The majority of Philander Smith College undergrads use financial aid to help pay for school. In 2023, 665 of the 799 undergrads enrolled received financial aid. Philander Smith College meets 51% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $12,704 a year. Around 78% of Philander Smith College undergrads take out student loans to cover any remaining costs. Philander Smith College graduates who have student loans graduate with an average of $46,965 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$40,415
Private Loans	$3,727

Most Common Loans for Philander Smith College Students
Federal Loans	70%

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 Philander Smith College financial aid, keep reading, or visit their financial aid website.

Scholarships at Philander Smith College

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, Philander Smith College awarded 644 need-based scholarships to students, giving away total of $6.3 million to help students with financial need cover the cost of school. An additional $610,000 in merit-based scholarship money was awarded to students without demonstrated financial need.

Philander Smith College Net Cost

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 Philander Smith 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 Philander Smith College was $12,704 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Philander Smith College seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$8,575.6
Off-Campus	$-490

Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.

What will attending Philander Smith 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 Philander Smith College's net cost calculator on their website.

Philander Smith College Tuition Payment Plans

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.

Does Philander Smith College Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Philander Smith College's Endowment

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 2018, the total market value of Philander Smith College's endowment was $9.6 million. The average college endowment was $905 million in 2021. The school spends $4,708 for each full-time student enrolled.

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Learn More About Philander Smith College

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

Student Life

Academics

Admissions

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