For students qualifying for state or federal grants the cost will be even less!
How did you get to that price?
I heard it was more
To answer that, let's first go over
Sticker Price vs. Actual Cost
That $51,528 number? That’s the sticker price. It’s big, it’s daunting and it's not the price any of our students pay.
Let's break it down together
First, we subtract scholarships – anywhere from $22,000 to $29,000 (based on merit).
Next, we subtract grants – a minimum of $2,000 if you:
- Complete the application for admission with all materials submitted by Dec. 1 2019, and
- Submit the Free Application for Federal Student Aid (FAFSA) by Dec. 1, 2019.
Finally, we subtract loans - $5,500 for new first-year students.
If in step 1, you were eligible for $22,000 in scholarships, your actual price would be $22,028.
What we’re left with is the Actual cost, much less than the original sticker price.
It’s the amount left after scholarships, grants and student loans have been applied.
So how much can I expect
My Actual Price to be?
Short Answer? It Varies.
We'll sit down and pencil it out together.
While the actual cost of Simpson is different for each family – based on merit, need levels and other eligibility criteria -
The average grant and scholarship package for incoming students last year was $34,393.
You may have heard the shocking stories of six-figure college debt …
But the average student loan debt of Simpson College Graduates is $27,942.
3 Real Student Examples
Family income: $31,169 Student is from Iowa and Simpson Promise-eligible.
This student’s remaining costs are $2,576
Family income: $92,807
This student’s remaining costs are $7,356
Family income: $141,428
This student’s remaining costs are $11,986
- Simpson Scholarships/Grants
- State & Federal Grants
- Student Loans
- Student Employment