Last Updated on August 28, 2023
Have you ever thought about college in terms of short-term and long-term costs?
We think about it all the time! Short-terms costs are those that typically come to mind such as tuition and room and board. Long-term costs are what economists refer to as “opportunity costs” or costs associated with choosing one course of action over another. For example, the average Grove City College graduate earns more than 87% of college graduates in the marketplace today and pays off student loans three years early. Grove City College students also graduate on time at a much higher rate than students from most of our competitor colleges and, therefore, begin earning impressive salaries earlier.
Missing the opportunity to attend Grove City College may cost you tens to hundreds of thousands of dollars over the life of your career. Long-term opportunity costs can make a college education much more expensive than anticipated if only short-term costs are considered when making a college decision. A college degree is an investment with a lifetime payout. The following provides some information about short-term costs that we have found to be true over the past few years:
|Direct Charges Before Financial Aid (2021-2022)||Per Semester||Per Year|
|Room and board||$5,340||$10,680|
|Total direct charges before aid||$14,995||$29,990|
|Financial Aid & Scholarships|
|Average Grove City College scholarship aid for recipients (1)||$4,117||$8,234|
|Average outside scholarship aid for recipients (2)||$2,008||$4,016|
|Potential direct cost after aid and scholarships and before loans (3) (4)||$8,870||$17,740|
The total cost of tuition at Grove City College is $19,310 per year ($9,655 per semester), and the total cost of room and board is $10,680 per year ($5,340 per semester).
You may want to consider lowering your up-front, out-of-pocket costs by applying for student loans and state grants. Grove City College has a credit-based loan program with a major bank. First-year students can borrow up to $12,000. See Types of Aid for Grove City College Student Loan information or call our office for assistance.(1) 66% of students receive scholarship assistance from Grove City College. Within that total, 47% of students receive need-based aid ranging from $100-$13,300 and 37% of students receive merit-based aid ranging from $500 to full scholarship.
(2) We encourage you to seriously apply for outside scholarships – 168 students in our recent freshman class brought in an average of over $4,000 each in outside scholarships, which were added to their Grove City College institutional aid.
(3) We encourage you to apply for financial aid and scholarships because your results may vary.
(4) We encourage you to visit campus and schedule an interview with an admissions counselor who will guide you and potentially become your advocate for scholarship awards.
Grove City College’s tuition cost at just $19,310 is significantly lower than the national average, yet we still work to reduce it. Sixty-six percent of our students receive institutional gift aid up to the full cost of tuition and room and board. Moreover, we are transparent in our pricing model and are committed to helping students fund their dreams. Be sure to apply for need-based aid between October 1 and April 15. We are here to assist you!