In 2022, tuition for full-time students at Lafayette College was $58,110 a year.
In 2022, tuition increased 4%–from $55,874 the previous year. On average, college tuition goes up about 3% every year.
Remember, the displayed price of tuition doesn't give you all the info you need to know how much you will actually have to pay for college. Many students find the actual cost of college is far less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make the amount you do have to pay for college more manageable until you've finishing school and found a job.
Lafayette College is a private, religious institution, which means it has the same tuition for students from Pennsylvania 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.
Attending a school where you qualify for in-state tuition can save on the cost of tuition, as well as loans and interest owed. Be sure to verify your state's rules for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on the state you and your parents currently reside in.
Explore other Pennsylvania colleges
Lafayette College has the same tuition for international students as for those from out of state.
Students from outside of the U.S. are not eligible for federal financial aid, but should research private or school-specific grants, scholarships, and other funding opportunities.. International students who demonstrate financial need may qualify for the following types of financial support at Lafayette College:
•On-campus jobs •Lafayette College-specific loans •Lafayette College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to tuition, 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 Lafayette College.
Room and board at Lafayette College costs $17,336 a year. This covers the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat in the Lafayette College's on-campus cafeterias and dining halls.
Board costs vary based on on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books and supplies 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 books from students who have already taken the course.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining 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. Most colleges offer ways so that those who may struggle to participate because of cost can 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 easy to get around on foot? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are not allowed to park a car 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 getting around in a city may be costly, but there may be more buses, trains and affordable flights to actually get to school. Lafayette Collegeis located in a suburban setting in Pennsylvania, near New York City and Philadelphia.
When you're planning for college, don’t forget to factor in personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
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 Lafayette College.
What will the cost of attending Lafayette College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$17,336|
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, 980 of the 2,725 undergrads enrolled received financial aid. Lafayette College meets 100% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $49,297 a year. Around 39% of Lafayette College undergrads take out student loans to cover any remaining costs. Lafayette College graduates who have student loans graduate with an average of $27,875 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Lafayette College-Specific Loans||$11,670|
|Most Common Loans for Lafayette 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 Lafayette 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, Lafayette College awarded 953 need-based scholarships to students, giving away total of $43 million to help students with financial need cover the cost of school. An additional $10.32 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 Lafayette 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 Lafayette College was $49,297 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lafayette College seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Lafayette 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 Lafayette 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 colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Lafayette College has some full or partial tuition waivers available for: - Employees or Children of Employees
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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