Tuition and Cost to Attend Panola College

Annual Total Cost

The total list price cost for in-state Texas residents to go to Panola College was $9,436 for the 2013/2014 academic year. Out-of-state students who don't possess Texas residence can expect a one year cost of $9,436. The components to this cost are detailed below.

Undergraduate Tuition

Panola College tuition is $600 per year for in-state residents. This is 81% cheaper than the national average public two year tuition of $3,176. The cost is $5,237 and 90% cheaper than the average Texas tuition of $5,837 for 2 year colleges. Tuition ranks 1st in Texas amongst 2 year colleges for affordability and is the 89th most expensive 2 year college in the state. If you're attending from out-of-state, the tuition is $600 which represents a 0% premium.

The school charges an additional "other" fee of $2,112 in addition to tuition bringing the total effective in-state tuition to $2,712.

Housing Costs

On campus room and board is provided by the school at a cost of $4,800 per year. If you elect to live off campus elsewhere in Carthage, you should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,924.

Cost Itemization

Costs and Tuition Detail for Panola College
Expenditure Price
Texas Resident Total Cost$9,436
Non-Resident Total Cost$9,436
   In-State Tuition$600
   Out-of-State Tuition$600
   Other Fees$2,112
   Room and Board$4,800
   Books and Supplies$1,924

All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.


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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $9,436 published price if scholarship or grant aid is made available to you.

Net Price

The net out of pocket price you end up paying or financing though student loans is known as the net price. The reported Panola College net price for in-state students receiving aid was $8,209* for the 2010/2011 academic year.

Pell Grants and other Grant Aid

32% of Panola College students received grant aid in 2010/2011 to help defray the cost of tuition. The average total aid amount was $2,406. 18 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $3,303. To apply for a Pell Grant to attend Panola College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Panola College
Financial Aid Summary
Average Annual Net Price$8,209*
Percent of Students Receiving Grant Aid32%
Average Total Grant Aid$2,406
Percent of Students Receiving Pell Grants18%
Average Amount of Pell Grant Aid$3,303

Average Financial Aid Mix - $9,436 In-State Total Cost

Estimated coverage of the annual in-state tuition and living expenses of $9,436. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


 25% - $2,406

Grants and Scholarships

Money granted to you by the U.S. Department of Education or Panola College. These are not loans and do not need to be repaid.

 25% - $2,352

Federal Loans

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

 50% -  $4,678

Out of Pocket

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Panola College.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at Panola College is $18,872 for students graduating in normal time. This methodology for estimating the 2 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $8,209 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $16,418**

**Based on a 2 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Panola College.

Texas Resident Tuition Per Semester$300
Texas Resident Total Cost Per Semester$4,718
Non-Texas Resident Tuition Per Semester$300
Non-Texas Resident Total Cost Per Semester$4,718

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Panola College are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Panola College
Price per credit hour for in district residents$67
Cost for one class for in district residents (3 credit hours)$201
Price per credit hour for Texas residents$107
Cost for one class for Texas residents (3 credit hours)$321
Price per credit hour for out of state residents$135
Cost for one class for out of state residents (3 credit hours)$405
Cost for one class for out of state residents (4 credit hours)$540


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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 10% of Panola College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $2,352.

Example Loan Payments and Costs

How much are student loan payments for Panola College? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $16,418, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $20,570.72. This could be your effective total out of pocket cost of an education at Panola College. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 32% of students at this school who receive financial aid and you are paying an average annual net price of $8,209. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Panola College student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Panola College Student Loan Payments
Example Payments
Monthly Loan Payment$171.42
Amount Borrowed$16,418.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$4,152.72
Sum of All Payments over 10 years$20,570.72

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Panola College? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Panola College, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $20,570.72 would be needed to afford a $171.42 monthly payment in the example $16,418.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

For Profit / Not For Profit Status

Panola College is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Panola College in the future? In the past five years, this school's published in-state tuition and fee total rose from $1,776 to $2,568. This amounts to an average annual price increase of 8.9%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 2 year cost of $18,872.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Panola College.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$12,344$24,688
Estimated Cost in 10 years for students enrolling in 2024$15,755$31,509
Estimated Cost in 15 years for students enrolling in 2029 $20,107$40,214
Estimated Cost in 18 years for students enrolling in 2032 $23,277$46,553

Tuition History

What was tuition at Panola College five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases the past as it provides indication as to how the school may raise tuition in the next few years if you enrolled. Historical tuition and fees for all available data years back to 1988 follows.

YearIn-StateOut-of-stateAnnual Increase
2010$2,088$2,712 4.8%
2009$1,992$2,568 5.1%
2008$1,896$2,424 6.8%
2007$1,776$2,256 8.8%
2006$1,632$1,944 4.6%
2005$1,560$1,872 4.8%
2004$1,488$1,800 72.2%
2003$864$864 -33.3%
2002$1,296$1,608 5.9%
2001$1,224$1,464 12.9%
2000$1,084$1,276 1.7%
1999$1,066$1,258 4.5%
1998$1,020$1,300 14.3%
1997$892$1,196 30.8%
1996$682$962 5.2%
1995$648$928 54.3%
1994$420$800 2.4%
1993$410$800 9.3%
1992$375$775 24.2%
1991$302$611 21.8%
1990$248$448 0%
1989$248$448 18.1%
1988$210$400 0%

Cost for Popular Majors

Below are the most popular undergraduate areas of study at Panola College ranked by degrees conferred during the 2010/2011 academic year along with their estimated total program cost. Please consult the school's website for further information as actual costs for specific program may vary. Price estimates assume graduation in normal time. Our methodology for estimating these costs is a two or four year multiple of the current one year tuition and living cost of $9,436. Associates degrees are assumed to be completed in two years and bachelors degrees are assumed to take four years.

Area of Study Graduates Estimated Degree + Living Expense Cost
General Studies Associate's Degree 83 $18,872
2 year estimate
Registered Nursing/Registered Nurse Associate's Degree 81 $18,872
2 year estimate
Occupational Therapist Assistant Associate's Degree 21 $18,872
2 year estimate
Junior High/Intermediate/Middle School Education and Teaching Associate's Degree 19 $18,872
2 year estimate
Industrial Technology/Technician Associate's Degree 15 $18,872
2 year estimate
Administrative Assistant and Secretarial Science, General Associate's Degree 5 $18,872
2 year estimate
Health Information/Medical Records Technology/Technician Associate's Degree 3 $18,872
2 year estimate
Music, General Associate's Degree 2 $18,872
2 year estimate
Information Science/Studies Associate's Degree 1 $18,872
2 year estimate
Business/Office Automation/Technology/Data Entry Associate's Degree 1 $18,872
2 year estimate

About Panola College

Panola College is a two year community college located in Carthage, Texas.  Full time enrollment is 1,141 and part time is 1,421.  Panola College has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

Only undergraduate degrees are offered at this school.

Learn more about getting in to Panola College at CollegeSimply.

Panola College
1109 W Panola St
Carthage, Texas


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