Usually, colleges raise tuition about 3% each year.
If this information makes going to college sound impossible, remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is much less than the total tuition after grants, scholarships, and tuition discounts are applied. And, student loans can make the amount you do have to pay out of pocket more manageable until after graduation.
Presbyterian College meets 79% of the demonstrated financial need for undergraduates. First-year students that attend Presbyterian College full-time are awarded $40,763 a year in financial aid, on average.
The average student debt for graduates in the class of 2023 was around $35,011 per student, not including those with no debt.
Presbyterian College is a private, religious institution, which means it has the same tuition for residents of South Carolina as it does for students who live in other states.
Public colleges and universities receive funding from the state government. These institutions offer a lower cost of attendance for students who are residents of that state.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to check your state's rules for in-state tuition. 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 the state you and your parents currently reside in.
Explore other South Carolina colleges
Presbyterian College has the same tuition for international students as for those from out of state.
International students usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or Presbyterian College-specific aid and scholarships. International students with need may be eligible for the following types of financial support at Presbyterian College:
•Loans from outsidePresbyterian College •Athletic Awards •Presbyterian College-specific scholarships •International Students Tuition Waivers
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
Tuition is not the only cost of attending college; 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 Presbyterian College.
Board costs can depend on the number of meals you intend to eat on-campus
The cost of books often surprises first-year college students. 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 books from students who have already taken the course.
Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
Keep in mind, there could also be optional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have resources for students with financial need to find ways to lower or eliminate these fees.
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 easy to get around on foot? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your estimated cost of transportation. At Presbyterian College, freshman are allowed to park on campus.
A school's location can impact the amount you'll have to spend just to get around. 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 a city can be expensive, but there may be more buses, trains or affordable flights to actually get to school. Presbyterian Collegeis in a town in South Carolina, not far from Greenville and Spartanburg and Columbia.
When budgeting for college, don’t forget 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 estimate of the actual cost of attending Presbyterian College.
What will the cost of attending Presbyterian 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 Presbyterian College undergrads use financial aid to help pay for school. In 2023, 673 of the 991 undergrads enrolled received financial aid. Presbyterian College meets 79% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $40,763 a year. Around 72% of Presbyterian College undergrads take out student loans to cover any remaining costs. Presbyterian College graduates who have student loans graduate with an average of $35,011 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $27,765 |
State Loans | $45,577 |
Private Loans | $35,323 |
Most Common Loans for Presbyterian College Students | |
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Federal Loans | 70% |
State loans | 4% |
Private loans | 11% |
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 Presbyterian 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, Presbyterian College awarded 673 need-based scholarships to students, giving away total of $20.7 million to help students with financial need cover the cost of school. An additional $7.22 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 Presbyterian 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 Presbyterian College was $40,763 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Presbyterian College seem more manageable.
What will attending Presbyterian 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 Presbyterian 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 make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Presbyterian College has some full or partial tuition waivers available for: - International Students
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.
Presbyterian College's endowment was valued at $110.8 million in 2023, compared to a national average of $905 million. The school spends $10,884 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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