North Carolina Finance

Jul 31 2017

Can You Afford Cedarville University? #cedarville #university #tuition


Can You Afford Cedarville University?

Concerned about paying for college? Take a look at Cedarville financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2015 Costs Between $19,023 And $36,648

Feeling a little stressed about paying $36,648 to attend Cedarville University each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for in-state students, 98% of freshmen receive some form of financial aid, with the average amount totaling $11,518. Students from low-income families receive an average of $17,625 in aid during their first year.

Costs, Financial Aid Net Price

Total college costs include the estimated cost of tuition, fees, books, supplies, room, board and other living expenses for freshmen living on-campus.

Projected Costs Between $93,536 and $228,510 For a Four Year Degree. Between $44,041 and $110,326 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Cedarville University in 2015-2016 was $36,648. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.5% each year. If this trend continues, we expect the full cost for incoming freshmen to be $39,258 during their first year. By their senior year, that cost will be approximately $43,526, for a bachelor degree candidate ($40,632 for an associate degree candidate) for a total of $165,471 over the course of four years ($79,891 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Further Questions to Consider

  • Do you know your deadlines? Meeting application deadlines for both the college and the FAFSA is crucial to getting financial aid.
  • When can you expect to begin receiving bills from the college? Is there an option to make payments in monthly installments?

Visit net price and financial aid to learn more about the total cost of attending Cedarville University.

Will You Graduate On-Time Years?

45.8% of Cedarville University students take more than the expected time (two or four years) to graduate, while 29.7% don’t graduate at all. This can inflate your costs if you are the former and reduce your ability to pay back loans if you are the latter.

Cost of Compound Interest

Paying off a 10 year loan at 6.8% interest is like paying for an extra year and a half of college.

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