On average, college tuition goes up about 3% every year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college more manageable until after graduation.
Hampshire College meets 85.11% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Hampshire College is around $49,792 a year.
The average student debt for graduates in the class of 2023 was around $30,531 per student, not including those with no debt.
Hampshire College is a private, nonprofit institution, so it has the same tuition for residents of Massachusetts 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.
Attending an insitution where you qualify for in-state tuition can drastically reduce the overall cost of college. Don't forget to check your state's guidelines for how to qualify for in-state residency. 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 Massachusetts colleges
Tuition at Hampshire College is the same for every student.
International students usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or school-specific aid and scholarships. International students with need may qualify for the following types of financial support at Hampshire College:
•On-campus jobs •Hampshire College-specific scholarships
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 planning for college. Let's take a look at what impacts these costs, and what to expect at Hampshire College.
Board costs can depend on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real 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.
Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.
There may be other costs associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Many schools have ways so that those who may struggle to participate because of cost can find ways to lower or eliminate these fees.
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? Will you need to pay to park on-campus? Is the campus easy to get around on foot? 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. At Hampshire College, freshman are allowed to park on campus.
Where are a college is located can impact transportation costs. 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 an urban area is usually expensive, but there may be more buses, trains or affordable flights to actually get to school. Hampshire Collegeis in a town in Massachusetts.
When creating a budget for college, be sure to take into account the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Hampshire College.
What will the cost of attending Hampshire College be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
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The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
The majority of Hampshire College undergrads use financial aid to help pay for school. In 2023, 360 of the 472 undergrads enrolled received financial aid. Hampshire College meets 85.11% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $49,792 a year. Around 70% of Hampshire College undergrads take out student loans to cover any remaining costs. Hampshire College graduates who have student loans graduate with an average of $30,531 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $25,492 |
Private Loans | $35,994 |
Most Common Loans for Hampshire College Students | |
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Federal Loans | 70% |
Private loans | 10% |
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 Hampshire 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, Hampshire College awarded 360 need-based scholarships to students, giving away total of $15.9 million to help students with financial need cover the cost of school. An additional $4.41 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 Hampshire 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 Hampshire College was $49,792 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Hampshire College seem more manageable.
What will attending Hampshire 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 Hampshire 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 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.
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 2022, the total market value of Hampshire College's endowment was $48.5 million. The average college endowment was $905 million in 2021. The school spends $16,253 for each full-time student enrolled.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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