In 2021, tuition for full-time students at Salem College was $30,500 a year.
In 2022, tuition increased 0.83%–from $30,250 the previous year. Usually, college tuition goes up about 3% every year.
If this makes attending the college of your dreams seem daunting, remember, the displayed price of tuition does not tell the full story. Many students owe far less than the sticker price after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make theactual cost of attending college feel more doable until you've finishing school and found a job.
Salem College is a private, religious institution, so it has the same tuition for residents of North Carolina as it does for students who live in 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.
Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Take the time to confirm your state's criteria for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria too, depending on where you live.
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Tuition at Salem College is the same for each student.
International students usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or Salem College-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships.
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 Salem College.
Housing and campus dining at Salem College costs $12,300 a year. This includes the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat all or some of your meals the school dining facilities.
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 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 optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools offer ways so that those who may struggle to participate because of cost can find ways to lower or eliminate these costs.
The cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation 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 make a big difference in 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 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 getting around in a city is usually expensive, but there may be more trains, busses and affordable flights to actually get to school. The Salem College campus is located in a urban setting in North Carolina, near Charlotte.
When creating a budget for college, be sure to factor in the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s look at the breakdown of all expenses, to get a better idea of how much students can expect to shell out for Salem College.
What will the cost of attending Salem College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$12,300|
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.
The majority of Salem College undergrads use financial aid to help pay for school. In 2022, 335 of the 492 undergrads enrolled received financial aid.Around 65% of Salem College undergrads take out student loans to cover any remaining costs.
|Most Common Loans for Salem 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 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 2022, Salem College awarded 297 need-based scholarships to students, giving away total of $4.3 million to help students with financial need cover the cost of school. An additional $4.4 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.
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.
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 understand 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 offer tuition waivers to certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
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Tuition & Fees
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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