In 2021, tuition for full-time Erskine College students was $34,435 a year.
Tuition was the same price in 2022 as it was the year before. On average, college tuition goes up about 3% every year.
If this information makes going to college sound impossible, remember, the advertized cost of tuition does not give you all the info you need to know how much you will actually have to pay for college. Many students owe a lot 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 more manageable until you're done with college.
Erskine College is a private, religious institution, which means it has the same tuition for residents of South Carolina 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.
Attending a college where you are eligible for in-state tuition can save students a lot of money on the overall cost of college. Don't forget to check your state's requirements for in-state residency. 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.
Explore other South Carolina colleges
Tuition at Erskine College is the same for every student.
Students from outside of the U.S. are not eligible for federal financial aid, but may qualify for private or school-specific aid and scholarships. International students who demonstrate financial need may qualify 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.
In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when planning for college. 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 in the school dining halls.
Meal-plan 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 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 charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be other costs associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools have ways so that those with demonstrated need to 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? 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 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 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 getting around in an urban area can be expensive, but there may be more buses, trains or low-cost flight options to actually get to school. Erskine Collegeis in a rural setting in South Carolina.
When budgeting for college, be sure to consider the cost of things like entertainment, clothes, furnishings and toiletries.
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 Erskine College.
What will the cost of attending Erskine College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$11,465|
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 2022, 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 2022, 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 2022. 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 understand 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 offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition 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.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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