On average, college tuition goes up about 3% every year.
If this makes attending the college of your dreams sound impossible, remember, the displayed price of tuition doesn't always tell the full story. Many students find the actual cost of college is way less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make thecost of college feel more doable until you've finishing school and found a job.
Tougaloo College meets 80% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Tougaloo College is around $10,500 a year.
Graduates in the class of 2023 had an average of $25,000 in student loans per borrower.
Tougaloo College is a private, religious institution, which means it has the same tuition for residents of MS as it does for residents from other states.
Public colleges and universities receive funding from the state government. Public insitutions often offer a lower cost of attendance for students who are residents of that state.
Attending an insitution where you are eligible for in-state tuition can drastically reduce the total cost of attending college. Be sure 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. 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 live in.
Tougaloo College has the same tuition for international students as for those from out of state.
International students are not eligible for loans or grants from the U.S. government, but may qualify for private or Tougaloo College-specific grants, scholarships, and other funding opportunities.
In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Tougaloo College.
Board costs may vary depending on how many meals are included in the plan you choose.
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 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.
The majority of colleges charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools have ways so that those with financial need to get help covering these costs.
The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get 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 public transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car 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 might be costly, but there may be more buses, trains and affordable flights to actually get to school. Tougaloo Collegeis located in a suburb in MS.
When you're planning for college, don’t forget to factor in the cost of things 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 look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Tougaloo College.
What will the cost of attending Tougaloo 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.
Tougaloo College’s tuition and fees change based on: •Course load for both full and part-time students
Tougaloo College meets 80% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $10,500 a year. Tougaloo College graduates who have student loans graduate with an average of $25,000 of student loan debt.
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 Tougaloo 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, a total of $2.6 million was awarded in need-based scholarships. An additional $1.59 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 Tougaloo 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 Tougaloo College was $10,500 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Tougaloo College seem more manageable.
What will attending Tougaloo 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 Tougaloo 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.
Tougaloo College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Tougaloo College has some full or partial tuition waivers available for: - Employees or Children of Employees - X - X
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 2004, the total market value of Tougaloo College's endowment was $13.7 million. The average college endowment was $905 million in 2021.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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