Making Cents of Tuition Dollars
Saint Michael's 'Making Cents of Tuition Dollars' explains list vs. actual price, the cost breakdown of college tuition, and the outcomes families can expect.
Figuring out actual college costs can be a challenging proposition.
We’re here to make cents of it all.
Your family can afford the St. Mike’s experience.
Students from all economic backgrounds join the St. Mike’s family.
Household/Family income distribution for enrolled students (2019)
How much does Saint Michael’s Cost?
2019-2020 Cost of Attendance
How does Saint Michael’s match up?
Comparative Cost of Attendance (2019-2020)
(Tuition, Room, Board and Fees)
Still seem like a scary price?
Here’s the Breakdown
LIST PRICE vs. ACTUAL COST
$59,995 is the 2019-2020 list price, but for most families, the actual cost will be much less.
We’ll walk you through the possibilities of making cents of your tuition dollars.
First, deduct any Merit Scholarships or Grants from the price.
This is money that you do NOT need to repay. At Saint Michael’s
all accepted students are automatically considered for merit awards.
Unlike some schools, St. Mike’s will not decrease your Merit
Scholarship over your four academic years.
Visit campus and become eligible for our annual $1500 VISIT GRANT!
Need-Based Scholarships and Federal Grants
Next, deduct Need-Based Scholarships and Federal Grants,
which are based on data from the Free Application for Federal
Student Aid (FAFSA). The average amount for students who
qualify is $12,000. This is also money that you don’t need to repay.
The FAFSA is now available on October 1 of a student’s senior
year making it easier to apply early for need-based aid.
Deduct student loans. All students qualify for Federal Student Loans of at least $5500 in their first year. We work closely with families to help ensure that student loans are manageable – and 28% of St. Mike’s alums graduate with NO debt at all.
Once you apply these deductions, you’re left with the actual cost of tuition.
What can you expect your actual tuition cost to be?
Honestly, Tuition Cost Varies
The average financial aid package for incoming Saint Michael’s students in 2016 was $34,680.
(This includes everything except Private Student Loans, Parent Loans, and Outside Scholarships.)
Don’t forget, you get an annual $1,500 grant for an official visit to Saint Michael’s!
Get an estimate of what you can expect to pay by visiting our NET PRICE CALCULATOR and then APPLY FOR ADMISSION and FINANCIAL AID.
St. Mike’s successful graduates get a great return on their college investment.
A majority of St. Mike’s students take advantage of experiential learning opportunities that include internships, study abroad experiences, undergraduate research and/or service learning courses that prepare them for post-grad success.
Statistics derived from a survey of the Class of 2018 – six months post-graduation.
What will a Saint Michael’s experience give you
Intellect – Imagination – Empathy – Will
See what others have to say about the value of Saint Michael’s:
Forbes Top Colleges
The Princeton Review – Best Colleges
Kiplinger’s Best College Values
Peace Corps Top Colleges
Travel + Leisure America’s Best College Towns