On average, college tuition rises about 3% year.
If these numbers seem daunting, 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 way less than the total tuition after grants, scholarships, and tuition discounts are awarded. And, student loans can make the amount you do have to pay for college feel more doable until after graduation.
Middlebury College meets 100% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Middlebury College is around $61,562 a year.
Students in the class of 2023 who had taken out student loans graduated with an average of $17,792 of debt.
Middlebury College is a private, nonprofit institution, so it has the same tuition for students from Vermont 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 tuition can drastically reduce the overall cost of college. Be sure to verify your state's requirements for in-state tuition. 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 where you live.
Explore other Vermont colleges
Middlebury 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 Middlebury College-specific aid and scholarships. International students with need may be eligible for the following types of financial support at Middlebury College:
•On-campus jobs •Middlebury College-specific loans •Middlebury College-specific 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 Middlebury College.
Meal-plan costs can depend 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 depends on the courses you take and the materials required. 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 computer labs and libraries, athletic facilities, and more.
There may be other costs associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Many schools offer resources so that those with demonstrated need to find ways to lower or eliminate these fees.
The total cost of transportation 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 easy to get around on foot? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these factors can drastically impact 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 getting around in an urban area is often costly, but there may be more trains, busses and low-cost flight options to actually get to school. The Middlebury College campus is in a town in Vermont.
When you're planning for college, don’t forget to take into account 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 do a rundown of all of the costs associated with college, to get a better idea of the actual cost of attending Middlebury College.
What will the cost of attending Middlebury 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.
In 2023, 1,336 of the 2,773 undergrads enrolled received financial aid. Middlebury College meets 100% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $61,562 a year. Around 48% of Middlebury College undergrads take out student loans to cover any remaining costs. Middlebury College graduates who have student loans graduate with an average of $17,792 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $13,112 |
Middlebury College-Specific Loans | $6,671 |
Private Loans | $28,823 |
Most Common Loans for Middlebury College Students | |
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Federal Loans | 44% |
Institutional Loans | 19% |
Private loans | 6% |
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 Middlebury 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, Middlebury College awarded 1,299 need-based scholarships to students, giving away total of $75.4 million to help students with financial need cover the cost of school. An additional $30,000 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 Middlebury 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 Middlebury College was $61,562 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Middlebury College seem more manageable.
What will attending Middlebury 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 Middlebury 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 schools 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.
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.
Middlebury College's endowment was valued at $1.467 billion in 2023, compared to a national average of $905 million.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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