Usually, college tuition rises about 3% year.
If this makes attending the college of your dreams feel scary, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is much less than the sticker price after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make the amount you do have to pay out of pocket feel more doable until you've finishing school and found a job.
Hollins University meets 86% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Hollins University is around $38,786 a year.
The average student debt for graduates in the class of 2023 was around $38,362 per student, not including those with no debt.
Hollins University is a private institution, which means it has the same tuition for residents of Virginia 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. Don't forget to confirm your state's rules for as an in-state resident. Each state has different requirements to qualify as in-state resident. 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 as well, depending on where you live.
Explore other Virginia colleges
Tuition at Hollins University is the same for every student.
International students usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at Hollins University:
•On-campus jobs •Loans from outsideHollins University •Hollins University-specific loans •Hollins University-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 Hollins University.
Meal-plan costs vary based on 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 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 used textbooks and materials.
Most schools also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be optional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools have resources for students with financial need to get help covering these fees.
The total 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 walkable? Do you own a car, or will you need to use public transportation? All of these questions can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can impact your transportation budget. 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 might be pricey, but cities may offer more buses, trains or low-cost flight options to actually get to school. The Hollins University campus is located in a suburb in Virginia.
When estimating your budget for college, be sure to consider personal expenses, 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 go over all of the costs we've covered, to get a better idea of what is really costs to go to Hollins University.
What will the cost of attending Hollins University 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 Hollins University undergrads use financial aid to to cover the cost of tuition. In 2023, 520 of the 713 undergrads enrolled received financial aid. Hollins University meets 86% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $38,786 a year. Around 67% of Hollins University undergrads take out student loans to cover any remaining costs. Hollins University graduates who have student loans graduate with an average of $38,362 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $27,228 |
Hollins University-Specific Loans | $3,000 |
Private Loans | $34,925 |
Most Common Loans for Hollins University Students | |
---|---|
Federal Loans | 65% |
Institutional Loans | 2% |
Private loans | 23% |
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 Hollins University 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, Hollins University awarded 520 need-based scholarships to students, giving away total of $17.3 million to help students with financial need cover the cost of school. An additional $7.04 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 Hollins University 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 Hollins University was $38,786 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Hollins University seem more manageable.
What will attending Hollins University 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 Hollins University'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, 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.
As of 2022, the total market value of Hollins University's endowment was $219.5 million. The average college endowment was $905 million in 2021. The school spends $16,352 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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