On average, college tuition rises about 3% year.
Remember, the "sticker price" of tuition doesn't give you enough information to determine the actual cost of attending any given college. Many students pay much less than the sticker price after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make the amount you do have to pay out of pocket more manageable until you've finishing school and found a job.
The College of Idaho meets 84.4% of the demonstrated financial need for undergraduates. First-year students that attend The College of Idaho full-time are awarded $34,445 a year in financial aid, on average.
Students in the class of 2023 who had taken out student loans graduated with an average of $22,804 of debt.
The College of Idaho is a private, nonprofit institution, which means it has the same tuition for residents of Idaho as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing an insitution where you are eligible for the reduced tuition offered to state residentscan drastically reduce the overall cost of college. Take the time to verify your state's rules for as an in-state resident. 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 as well, depending on where you live.
The College of Idaho has the same tuition for international students as for those from out of state.
International students usually do not qualify for for federal financial aid, but should research private or The College of Idaho-specific aid and scholarships. International students with need may be eligible for the following types of financial support at The College of Idaho:
•On-campus jobs •Loans from outsideThe College of Idaho •Athletic Awards •The College of Idaho-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 The College of Idaho.
Meal-plan 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 depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges have ways for students who may struggle to participate because of cost can 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? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or are you planning to use busses, subways, or other modes of 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.
A school's location 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 flip side, getting around in a city could be costly, but cities may offer more buses, trains and affordable flights to actually get to school. The The College of Idaho campus is in a suburb in Idaho.
When you're planning for college, be sure to take into account personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of what is really costs to go to The College of Idaho.
What will the cost of attending The College of Idaho 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 The College of Idaho undergrads use financial aid to finance their education. In 2023, 596 of the 1,131 undergrads enrolled received financial aid. The College of Idaho meets 84.4% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $34,445 a year. Around 70% of The College of Idaho undergrads take out student loans to cover any remaining costs. The College of Idaho graduates who have student loans graduate with an average of $22,804 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $16,841 |
Private Loans | $26,353 |
Most Common Loans for The College of Idaho Students | |
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Federal Loans | 70% |
Private loans | 16% |
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 The College of Idaho 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, The College of Idaho awarded 438 need-based scholarships to students, giving away total of $8 million to help students with financial need cover the cost of school. An additional $18.93 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 The College of Idaho 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 The College of Idaho was $34,445 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of The College of Idaho seem more manageable.
What will attending The College of Idaho 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 The College of Idaho'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.
The College of Idaho 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.
For more information about The College of Idaho's endowment, check with the school directly.
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