Cost to Attend Daymar College Bowling Green

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Daymar College Bowling Green
Bowling Green, Kentucky

Annual Costs

Undergraduate Tuition

Tuition for Daymar College Bowling Green is $20,636 for the 2020/2021 academic year. This is 42% more expensive than the national average private for-profit four year college tuition of $14,490. The cost is 12% more expensive than the average Kentucky tuition of $18,379 for 4 year colleges. Tuition ranks 30th in Kentucky amongst 4 year colleges for affordability and is the 15th most expensive 4 year college in the state. Price does not vary by residence.

Housing Costs

Daymar College Bowling Green doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Bowling Green area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $6,975.

Books and Supplies

The estimated annual cost for books and supplies is $0.

Other Living Expenses

Off-campus students should budget for $5,580 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Daymar College-Bowling Green was $33,191 for the 2020/2021 academic year. The cost is the same for all students regardless of Kentucky residence status as there is no in-state discount. Students residing at home with parents providing food and housing can expect a total cost of $26,216.

Citation: Price data from the U.S. Department of Education's 2020 IPEDS survey response for Daymar College Bowling Green and represent reported costs for the 2020-2021 academic year.

Costs and Tuition for Daymar College Bowling Green
Estimated Budgets
Kentucky Resident Total Budget (Living Off Campus)$33,191
   In-State Tuition$20,636
   Other Fees$0
   Off-Campus Housing Budget$6,975
   Off-Campus Other Budget$5,580
   Books and Supplies$0
Kentucky Resident Total Budget (Living with Parents)$26,216
   In-State Tuition$20,636
   Other Fees$0
   Family Provided Room and Board$0
   With-Family Other Living Budget$5,580
   Books and Supplies$0
Non-Resident Total Budget (Living Off Campus)$33,191
   Out-of-State Tuition$20,636
   Other Fees$0
   Off-Campus Housing Budget$6,975
   Off-Campus Other Budget$5,580
   Books and Supplies$0
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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 $33,191 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Daymar College-Bowling Green net price for in-state students is $23,396* for the 2019/2020 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

87% of Daymar College Bowling Green students received grant aid in 2019/2020. The average total aid amount was $6,160. 65 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $4,608. To apply for a Pell Grant to attend Daymar College Bowling Green, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Daymar College Bowling Green
Financial Aid Summary
Average Annual Net Price$23,396*
Percent of Students Receiving Grant Aid87%
Average Total Grant Aid$6,160
Percent of Students Receiving Pell Grants65%
Average Amount of Pell Grant Aid$4,608

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2019/2020 academic year.

Family Income Avg. Net Price
$0 to $30,000$23,169
$30,001 to $48,000$21,520
$48,001 to $75,000$22,397
$75,001 to $110,000n/a
$110,000+$26,295

Average Financial Aid Mix - $33,191 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $33,191. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

22%
29%
49%
Grants and Scholarships
22% - $6,160

Money granted to you by the U.S. Department of Education, Daymar College Bowling Green or other organizations. These are not loans and do not need to be repaid.

Federal Loans
29% - $7,944

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

Out of Pocket
49% -  $13,507

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


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 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.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Daymar College Bowling Green
Nossi College of Art8.4% less expensive
Daymar College Clarksville3.6% less expensive
University of Phoenix Nashville Campus54.1% less expensive
Daymar College Nashville0.4% more expensive
Daymar College Owensboro27.3% less expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Daymar College Bowling Green.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Daymar College-Bowling Green is $132,764 for students graduating in normal time. This methodology for estimating the 4 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 $25,613 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $102,452**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $165,955 or $128,065 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2019/2020 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

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 Daymar College Bowling Green 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 Daymar College Bowling Green
Price per credit hour$361
Cost for one class (3 credit hours)$1,083
Cost for one class (4 credit hours)$1,444

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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. 74% of Daymar College Bowling Green students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,944.

Example Loan Payments and Costs

How much are student loan payments for Daymar College Bowling Green? 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 $102,452, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $122,901.71. This could be your effective total out of pocket cost of an education at Daymar College Bowling Green. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 87% of students at this school who receive financial aid and you are paying an average annual net price of $25,613. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Daymar College Bowling Green 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.

Daymar College Bowling Green Student Loan Payments
Example Payments
Monthly Loan Payment$1,024.18
Amount Borrowed$102,452.00
Interest Rate3.73%
Term10 years
Number of Monthly Payments120
Total Interest Cost$20,449.71
Sum of All Payments over 10 years$122,901.71

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Daymar College-Bowling Green? 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 Daymar College Bowling Green, 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 $122,901.71 would be needed to afford a $1,024.18 monthly payment in the example $102,452.00 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.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Daymar College Bowling Green in the future? In the past four years, this school's published in-state tuition and fee total rose from $17,000 to $20,636. This amounts to an average annual price increase of 4.3%. 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 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $132,764.00. 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 Daymar College Bowling Green.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2027$45,645$182,581
Estimated Cost in 10 years for students enrolling in 2032$58,256$233,025
Estimated Cost in 15 years for students enrolling in 2037 $74,351$297,406
Estimated Cost in 18 years for students enrolling in 2040 $86,071$344,285

Calculators

Use the calculators below to formulate a college savings plan for Daymar College Bowling Green or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Daymar College Bowling Green in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Daymar College Bowling Green student loan.

Prepayment Option

About Daymar College Bowling Green

Daymar College Bowling Green is a four year private college located in Bowling Green, Kentucky.  Full time enrollment is 43 and part time is 23.  Daymar College Bowling Green has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes. Learn more about Daymar College Bowling Green at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
Daymar College Bowling Green
2421 Fitzgerald Industrial Dr.
Bowling Green, Kentucky
42101

For Profit / Not For Profit Status

Daymar College Bowling Green is a private, for profit school.

Daymar College Bowling Green cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=363439 IPEDS survey data. Data last updated February 2022 and reflects academic year 2020/2021 costs reported by the school.