In 2022, tuition for full-time students at Salem College was $31,720 a year.
In 2023, tuition increased 4%–from $30,500 the prior year. On average, college tuition goes up about 3% every year.
If these numbers sound impossible, remember, the displayed price 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 find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make the amount you do have to pay for college more manageable until you're done with college.
Salem College meets 82% of the demonstrated financial need for undergraduates. First-year students that attend Salem College full-time are awarded $30,170 a year in financial aid, on average.
Salem College is a private, religious institution, which means it has the same tuition for students from North Carolina as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for those who qualify as North Carolina residents.
Attending an insitution where you are eligible for in-state tuition can save significant money on the total cost of attending college. Don't forget to confirm 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 other criteria too, depending on the state you and your parents currently live in.
Explore other North Carolina colleges
Salem College has the same tuition for international students as for those from out of state.
International students are not eligible for federal financial aid, but should research private or Salem College-specific grants, scholarships, and other funding opportunities.
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to tuition, 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 Salem College.
Room and board at Salem College is $13,056 a year. This includes the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat all or some of your meals the school dining halls. Students who live off campus but would like to be able to eat in the campus dining can choose to be on a meal plan. The cost of board-only is $8,721.
Meal-plan costs can depend 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 real cost of books 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 books from students who have already taken the course.
Most schools charge some yearly 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 joining a fraternity or sorority, or playing on an intramural sports team. Most colleges have resources so that those with demonstrated need to find ways to lower or eliminate these costs.
The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these factors can make a big difference in your transportation budget. 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 transportation costs. 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 is usually costly, but cities may offer more buses, trains or affordable flights to actually get to school. The Salem College campus is in a city in North Carolina, not far from Charlotte.
When you're planning for college, don’t forget to factor in personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of the actual cost of attending Salem College.
What will the cost of attending Salem College be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $31,720 |
Room and Board | $13,056 |
Board Only | $3,818 |
Other expenses | $1,664 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $46,956 |
Off-Campus | $37,718 |
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 Salem College undergrads use financial aid to help pay for school. In 2023, 236 of the 364 undergrads enrolled received financial aid. Salem College meets 82% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $30,170 a year. Around 42% of Salem College undergrads take out student loans to cover any remaining costs.
Most Common Loans for Salem College Students | |
---|---|
Federal Loans | 39% |
Institutional Loans | 3% |
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 Salem 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 2023, Salem College awarded 209 need-based scholarships to students, giving away total of $3.4 million to help students with financial need cover the cost of school. An additional $3.67 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 Salem 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 Salem College was $30,170 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Salem College seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $16,786 |
Off-Campus | $7,548 |
What will attending Salem 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 Salem 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.
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.
For more information about Salem College's endowment, check with the school directly.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
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Tuition & Fees
$45,292
In State$45,292
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
Total Enrollment
Campus Setting
Acceptance Rate
Fall Freshmen
Application Deadline
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